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Investment in Real Estate to Increase Your Net Worth

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Consider these two types of investment opportunities:

 

Traditional Investment Property

This can be a condo, a single family home or a 2-4 unit, that is rented out for a long term (i.e. a year). If the property owner doesn’t want to handle managing the property (collecting rents, renting the units themselves, taking care of any repairs needed, etc), they can hire a property manager. The property should steadily appreciate year after year, and along with paying down the mortgage on the investment, leaves residual monthly income when fully occupied.

Short Term or Vacation Rental

These properties are usually located in top tourist areas and can be rented weekly or monthly. The benefit of these types of investments is that they are usually at a premium and can generate a lot of revenue. The downside is there can be a lot of wear and tear on the unit and generally you do need to hire a property manager to keep up with the maintenance on the unit.

Referral Network

We have an extensive referral network across the country. If you are thinking about investing out of state, let us know in the form below so we can connect you with the best agent in that area.

What if you don’t want to invest in another property?

You can continue to increase your net worth with some home renovations, which will increase your home’s market value. For example, bathrooms, kitchens, landscaping and deck/patio/porch additions have the largest return on investment.

Is it the right time to sell your primary or investment property? Consider these factors:
  • You won’t have much competition when listing.
  • Setting the home price at the competitive market value may even bring on bidding wars and sell your home for a higher price.
  • The value of your investment property may be higher than even 6 months ago.
  • The homes tend to sell quickly, to gain the highest return on your property, your investment should be set up to sell- cleaned, staged and highlighted with professional photography. Don’t skip this important step.

If you are curious what your home is worth, complete the form below. We will be in contact with you shortly to go over your investment goals.

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Enter your details to see how much your home is worth.
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Luxury Presence Home Value


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How we calculate your estimate
How we calculate your estimate

Luxury Presence Home Value is the current estimated value of this home. It is calculated from a comprehensive database which encompasses properties from all 50 states, covering 99% of the US population, and valuation software developed by Automated Valuation Model (AVM) Analytics.

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