SIGN UP LOGIN
Www.facebook.com/ChoicePropertiesRealEstate/?fref=ts IconWww.twitter.com/choiceprop_re IconWww.pinterest.com/cprealestate IconWww.cprealestate.com/blog/ Icon
Choice Properties Real Estate Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Bellefontaine | 19 Posts
Home Buyers | 68 Posts
Home Owners | 31 Posts
Home Sellers | 36 Posts
Indian Lake | 23 Posts
Lakefront Homes | 6 Posts
Living in Ohio | 11 Posts
Logan County | 7 Posts
Moving | 11 Posts
Real Estate | 10 Posts
local attractions | community life | life in Bellefontaine | home staging | presentation | house showing | inspections | real estate agents | house hunting | finding a home | recreation | home listings | seasons | winter | midwest | outdoors | homes in bellefontaine | bellefontaine school system | find homes in bellefontaine ohio | bellefontaine businesses | homes for sale in bellefontaine | History of Logan County | Life in Logan County | Logan County Indians | Local Culture | Residents of Logan County | Houses for Sale in Logan County | Logan County Lawncare | home presentation for sellers | Showing Your Home in Logan County | Logan County Hospitality | Logan County Attractions | Local Lodging | Summer | Central Ohio Attractions | Summer Festivities | Festivals and Events | Indian Lake Boating | Summer Sports | Homeowners | Home Utilities | Summer | moving | moving | smartphone apps | home mortgage | home financing | interest rates | home buying budget | home repairs | House Comps | Home Decorating | Local Wildlife | Home Gardens | Landscaping | Home Maintenance | Home Care | Organizing your Home | Selling Your Home | Family Bonding | House Cleaning | home improvements | house upgrades | kitchen remodel | bathrooms | outdoor patio landscaping | making an offer | looking for homes in logan county | home shopping in bellefontaine | dream home | window treatments | energy costs | energy bill | home insulation | energy efficiency | solar energy | home staging | home buyers | long distance sale | vacation home | investment properties | indianlakeproperty | indianlakeboatshow | indianlake | home remodeling | cleaning closets | home upkeep | indian lake living | garage | garage cleaning | garage storage | closing costs | house financing | closing on a home | retirement | retiring in ohio | retirement home | finding a home | living in ohio | ohio retirement | moving to a new neighborhood | relocating | moving | healthy living | central ohio neighborhoods | indian lake neighborhoods | home insurance | insurance policies | buying homeowners insurance | homeowners insurance | insuring your ohio home | indian lake home insurance | buy a home in indian lake | indian lake homes for sale | indian lake real estate | bellefontaine real estate | bellefontaine properties | when to buy | calculate your payments | buy a home in indian lake | indian lake ohio real estate | homes near indian lake | homes in bellefontaine | central ohio homes | northern ohio homes | renting your home | home rental | AirBnB | vacation home rental | indian lake vacation homes | vacation homes by the lake | sellers market | selling your home | indian lake homes | homes for sale | central ohio homes | home loans | home financing | qualifying for a home loan | finding a mortgage | home mortgages | mortgage lending | buying a home in bellefontaine | buying a home | home buyers | bellefontaine homes | buying lakefront property | vacation home on the lake | vacation homes | renting your home | find the perfect home | waterfront living | Seasonal | Home Maintenance | Home Protection | Home Care | Seasonal | Winterization | Winterize your Home | Home Care | Home Maintenance | Energy Costs | Retiring in Ohio | Retire in Ohio | Renting a Home | Pros and Cons | Buying a Home | Home Renovations | home repair | living in a home | homeowners | fixing up a house | Retirement | Vacation Home | Houses for Sales | Senior Living | real estate agent | real estate company | indian lake real estate | working with an agent | renting a home | buying a home | home buyers | home owners | cost of renting | cost of buying a home | indian lake home | buying a home | indian lake houses | real estate ohio | bellefontaine hosue | senior citizens | retirement property | buying a home | indian lake homes | indian lake properties | senior house | buying a home | closing on a house | closing sale | mortgages | logan county homes | feeling at home | buying a home | finding a home | home shopping | bedrooms | kid bedrooms | kids | family home | home renovations | winterizing | winterizing your home | home care | home maintenance | home protection | winter | Home Repairs | Home Maintenance | Fixing a Clogged Sink | Tips for Homeowners | Living Room | Using Space | Decorating | Furniture | Refinancing | Financing | Buying a Home | Saving Money | New home buyers | Escrow | Home buying process | ohio home buyers
August
2

Generally, real estate is often a smart and rewarding investment option. It is a great way to produce an ongoing income and can be a smart investment if the property value increases over the years. However, buying an apartment complex, restaurant, or piece of land may become expensive. It's important to be sure you are financially stable to start investing in real estate, and consider the ongoing maintenance costs as well as gaps between tenants. So, should you invest in real estate? Here are some tips to see if it's the right path for you:

Pay Investments in Cash

Most financial experts advise against taking out a loan for an investment project, which should be taken into consideration before investing in a piece of real estate. If you do take out a loan, it's suggested you're able to afford the monthly payment without relying on renters income. Keep in mind, there can be a high turnover with renters as there may be gaps in time where there are no renters on the property. This may become more of a financial burden if you are not able to afford the mortgage without renters, which could negatively impact your credit and create financial issues in the long run. Paying in cash eliminates these worries. 

Plan Out Expenses

When purchasing real estate, whether for personal or investment reasons, it's always smart to plan out your expenses. Consider the cost of taxes, maintenance repairs, utilities, and building upkeep. When planning expenses, estimate the cost you will be asking for your rental property so that fees and other expenses are covered. 

Research the Property

When investing in real estate that you plan on selling down the road, it's crucial to thoroughly research the property. Look into development plans or new roads that are being expected to be built to ensure it does not impact the property value. Also take time to research nearby neighborhoods for market value, if the area is up-and-coming, and other external factors. 

Investing in real estate is an appealing idea to many! With the proper planning and steps taken, it can be done well and successfully. If you are interested in starting the steps to investing in property, contact a Choice Properties real estate agent today!




Choice Properties understands your needs and desires when it comes to the home search. We are here to help you define what you want, seek the best property and move forward feeling educated and able to make good decisions throughout the process. You can trust us to help you navigate it with the best real estate agents working for you. Call us to get started on your dream home search today.

Login to My Homefinder

Login to My Homefinder