When you contemplate purchasing a home or buying a property you may be wondering which areas or neighborhoods are the best to invest in. After all, as buyers, we're always seeking the best deals with the lowest risk and a great return. That's why we've advised these 3 quick tips to help you determine which areas provide the best return investment.
1. Seek out distressed or low-income areas. According to Forbes, location and condition are two key determining factors when deciding on a good home purchase, but buyers are often disillusioned by the state of the property which can be renovated over time. This will allow you to buy low and sell high.
2. Research areas with great school zones and school districts. The scores for all school zones are provided by www.greatschools.org. A score of at least 7 out of 10 will help you determine which schools are best for local residents which will be a major factor for potential buyers with families.
3. Invest near downtown or uptown areas. These areas are booming in cities across the country and provide greater access to shopping, entertainment, and transportation to more resources which will result in greater appreciation on your end.
Make sure you consider at least one of these factors when you’re purchasing a home or property. For more information, give us a call: (833)704-HOME or send us a message!