You already know that investing in real estate is a smart business move, but did you know you aren't limited to where you live?
In fact, it can be even smarter to invest in real estate that isn't close by. Sure, it’s not quite as convenient to just pop in to see what the property looks like, however, you’re still able to take advantage of the up-trending markets you can find elsewhere in the country.
Every person and family has different financial goals and different reasons for them. Owning real estate can provide you and your family a steady income stream and a great lifestyle. Some investors will require 1 or 2 properties and others will require a larger portfolio.
But just how many will you need?
More and more people are turning to new construction as a real estate investment, and with good reason. You’re able to create homes that are more likely to attract high-end tenants, and with a new home warranty, you won’t have to shell out a lot of money for major repairs just a year or two after you make your purchase.
When most investors think about buying real estate, they probably picture buying a home and then reselling it for a profit, usually after some substantial renovations.
But have you considered the idea of building a brand-new home from scratch to use as an investment property? While it can seem like a slightly daunting prospect, it’s actually a very easy and safe process for local and long-distance investors alike.
Edmonton is a growing city with a very diverse economy and plenty of multi-million dollar projects planned or taking place. In the most recent Growth Monitoring Report Edmonton was found to be the fastest growing city in all of Canada. Because of this continued rapid growth, there’s one thing the city needs a lot more of.
Naturally, when you decide to buy an investment property, you’ll want to select a home style with plenty of features that will appeal to renters. Envision potential tenants touring your suited home, garage suite or duplex. What features will they be looking for?
Learn about eight appealing features for renters so you can garner an investment property that stands out from the crowd.
After giving it a lot of thought, you’ve made the decision to invest in real estate in Alberta. You’re already interested in Edmonton and some of the surrounding areas, and you’re curious about which types of homes are a good choice for an investment property.
Now, you’d like to find an investment real estate agent to help you put things in motion. Check out some essential qualities to look for in a first-rate Realtor who deals with investment properties.
Buying a new property is exciting, but if you want to get the best value for your hard-earned dollar, it's best to hire a Realtor experienced in new home construction. It really is the most secure way to buy or build a new home.