After years of trying unsuccessfully to list my home on my own, I finally realized that I needed some serious help. I began looking for a great real estate agent who could help me out, and after interviewing a few professionals I found someone that was really in tune with what I needed. They sat down with me to talk about my needs and worked hard to help me to identify different homes that could work for my family. I wanted to make a blog all about selecting the perfect agent to work with during your house hunt. Check out this blog for great tips on choosing agents.
Purchasing a home to use as an investment property is a great way to make extra money each month. If you are planning to do this, do not be quick to buy real estate. Instead, you need to consider some things to ensure the home will be right for you. Two of these things are listed below so you can get started finding a home.
Consider the Location
One of the main things to consider is where the house is located. You want the home in an area that is growing well. This is because the home will increase in value as time goes by. You can also charge much more for rent if the home is in a good area of town.
Either find a home with a lot of land, in a suburb, or in the city. No matter what you choose the area should be nice, and the homes in the area should be well-built and well taken care of.
You also should consider what is close to the home. For example, having shopping and restaurants close by can be a big selling point of the home. You could also choose a home that is close to good schools as this is another selling point for potential renters that have children.
Hire a Real Estate Agent
Instead of trying to find a home on your own hire a real estate agent. They have access to homes that you may not know are on the market. It would also take you much longer to find a good home. Tell the real estate agent exactly what you want when it comes to the size of the home, where the home is located, and size of land. They can then go through their listings and print out a list of homes that meet your qualifications.
The real estate agent will give you the list, so you can determine if you are interested in the homes listed. Once you choose what you like the real estate agent can set up a time with you to tour the homes.
The real estate agent may also ask you to hire a property manager. This professional can help you make repairs to the home if needed, and help you set up the rental contracts.
Talk with a real estate agent about this information and they can answer any questions you may have. It may take time to find the right home, but the wait will be well worth it once you start making that monthly income.