How do you buy the house that will maximize on its return real estate services in Calgary
Alberta > Calgary.
posted Saturday, 23 September 2017 , Visits 63
How do you buy the house that will maximize on its return or even hold its value even if the market goes down?
I am able to select the homes that could yield the maximum appreciation as there are certain criteria to consider when purchasing a house. If these criteria are not met then the property could depreciate and could cause a big loss when selling it.
I can help you shop for properties for what they are worth not what others say they are worth. And because of that I might be able to save you from choosing the wrong houses that could hurt your net worth.
I use 4 essential criteria that could have an impact on your return and the appreciation of the property, to classify them as follows:
o Platinum (Rare) - yields the highest and they don`t go on the market much perhaps once every 5 to 10 years. They are usually commercial.
o Gold (Rare) - They can be commercial or residential. In terms of investment returns they could be very rewarding.
o Silver - is what could be available. Silver Properties can hold their value even if the market slows or goes down.
o Bronze - I do not sell. They can cause a loss in your assets.
In my expertise through the years I have discovered that almost 80% of properties that come on the market, that to be honest I would not encourage others to invest or buy. 1%-20% of the homes on the market are the properties that would meet the Silver criteria (worth buying that could maximize on the appreciation.)
So if you want to invest in a home whether as a first time buyer or investment property I can help you find the Silver ones. It all depends on what your needs are and what fits you. I understand that it sometimes takes longer to find the qualities and prerequisites of a house that you should look for when buying a house. It is important to remember: that these qualities affect the evaluability of it to make it a Silver property. However, because of my extensive knowledge I am able to select the properties that could yield the maximum appreciation.
In regards to condos, I am not a big fan of them as there is the element of a third party that has the control over the day to day management and service of the building or complex. Perhaps, the building was not properly built and you invested in it. It could cost you a lot of money. If the funds to maintain the complex are not spent wisely it could have an impact on the value of the condo. Also condo fees can really hinder the value of the property and it could sure depreciate it if the condo fees are high. You could have a hard time getting your money back and in a slow market. However, you can still do Okay if the "homework" properly done. As a realtor, I am aware of the reputations of most condos out there or things have happened and can help you take the appropriate precautions as we approach. Because some of them can cause a loss of big damage if the due diligence is not done properly and correctly.
In the end, you know how you did - not when you buy but, when you sell. As this a direct reflection if you did your homework properly and followed the correct counselling from your realtor (if he has the expertise and the knowledge and is honest).
license info: Investment Realtor in the province of Alberta
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