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Westfield, Fanwood, Scotch Plains and Mountainside Information:
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Bargain Properties >Tips for First Time Investors
When starting out as a real estate investor, you can choose either the conservative approach of holding a property until it increases in value or the riskier approach of "flipping" - reselling very soon after making some improvements that add value. If you plan on taking the safer approach, keep the following factors in mind when searching for the right investment property.
Look for a house or apartment unit that is close to where you live, so inspecting the property and overseeing maintenance will be easier. Choose an area where there is clear potential for future development, and you will benefit from the inevitable increase in property values. If you have the choice of either buying a newly built or recently remodeled home or a less expensive house in the same neighborhood that needs a cosmetic makeover, buy the bargain property and upgrade it for a better long-term return on your investment.
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| Q |
Who is considered the world's most renowned living architect?
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| A |
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989). |
See More Real Estate Trivia > |
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Naasa Sherbeini Coldwell Banker 209 Central Ave Westfield, NJ 07090 908-883-1707 Fax: 908-233-8780 naasasherbeini@NUMBER1EXPERT.com
Those who have worked with Naasa appreciate knowing the purchase of their new home is in the hands of a capable and trustworthy REALTOR®. It just makes sense to turn to a professional who cares about your needs and will go the extra mile to meet them
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