Why I think Real Estate Investment is a great Idea!

Why investing in Real Estate is a good idea!

Why Real Estate Investing is a Good Idea!

Every aspiring real estate investor is attracted to this industry because of the understanding that real estate investments can double or if you are luckier triple the invested money.

However, not a lot of them are sufficiently informed that this can only happen if one knows how to apply the right strategies to gain the profit in such a marvelous manner. Sure enough, those investors who had the chance to reap huge sums from their invested money are those who have learned and known how to understand current market trends.

Investing in real estate does not mean that all you have to do is find and buy homes for sale and just sell it afterward. Certainly, it needs more than that if you want to get the most out of the money you invested on a purchased real estate property.

But since we are talking about why people see real estate as a good investment, let us focus more on the possible reasons why real estate is a great investment;

Real estate is a limited  resource and the necessity to find a home they can call their own is still the “Great Dream for every individual”! Yes, people would always be interested in finding their piece of property, which they can call their own.

While there are plenty of investments that people can put their money in for the purpose of gaining profits, real estate properties are still considered the safest choices. Compared to stocks and mutual funds, it is more attractive for some investors to see the property they invested in over than stocks that are only indicated in writing.

Even with the reality that real estate market fluctuates, it is clear in the minds of many that the promise of wealth and profit conveyed by investing in real estate will not be totally ruined enough to put you in the wrong place entirely. This can be achievable if you know how to keep up with the current trends, and you are completely aware on the most appropriate time to put your asset in listings of homes for sale in such a manner that it would gain more profits from its sale.

What to remember when buying a new piece of real estate!

1 – If you are not experienced find people around you that are!

You can always hire a home inspector for less than $500 to tell you whether or not the property you are investing in is worth it. They can highlight any deficiencies in a home and give you their professional opinion on whether or not you can turn a profit from that specific piece of property.

2 – Get the home appraised

It is always a good idea to get the home appraised once you are finished remodelling it to see what the market value of the home is. A good place to aim for is just under the highest comp for the area your home is in.

3 – Save some money for mortgage payments just incase you cannot flip your home quickly.

You know why this is important. You don’t want to have too much laid out on the table and then have to go into foreclosure before you make a profit, and on top of that go into bankruptcy because of your poor investment decision.

 

Yes, investing in real estate can help you bring great profits in your bank account; provided you are a wise and smart investor. By learning how to choose the best properties and the right timing to sell them, real estate can be your source of wealth easily.

My take on getting a home evaluation

A Home Inspection is in your greatest interest before selecting a house!

 

The first thing you should do before looking for one is to ask yourself what does the home inspection mean to me and then find the inspector that best suites your needs.
A home inspection is a vital before of buying a home. It is also a step in the process that can be skipped but only by a fool. You would not buy a car without driving it at least around the block and even to your mechanic so why would you even consider spending thousands of dollars on the place your family will spend massive amounts of time without making sure it is not just a pretty paint job?
A home inspection is a way of looking under the hood and kicking the tires of the house to make sure the walls are not made from marshmallows and the wiring made from licorice. While marshmallow walls may be tasty they do not make for a good house, do they?
Smart buyers prefer to make informed choices. After all, knowledge is power. A properly done home inspection report will tell you everything you need to know to make a decision about the home. Simple repairs that need to be made are no big deal, but you do not want to brag to your friends about a great deal you got only to discover later that the walls are made of marshmallows.
To find the right inspector for you, there are a couple of things you need to know. The standards practice for home inspection rends to vary a lot from state to state as well as a county to city. Some states do not even require inspectors to be licensed therefore it is up to you, the informed consumer to know what to look for before you buy the service.
The American Society of Home Inspectors and the National Association of Home Inspectors are two places to obtain standards of practice from. Gaining a copy of these minimum standards of reporting from either of these places will give you an idea of what your home inspector should do during the inspection. Ask the inspector what standard of practice he uses and compare it to what you need. A thorough and knowledgeable home inspector will usually do more then is listed.
Many professional home inspectors also carry a type of insurance called Errors and Omission Insurance. Though not required and very expensive it is a good way to judge a good inspector from a fly by night one.
Many inspectors that are licensed are also members of some professional association such as American Society of Home Inspectors or the National Association of Home Inspectors. Both of these organizations require a strict code of ethics as well as continued education to maintain membership.
Buying a home is a big step in a person’s life. A home inspection done by a competent inspector can save you thousands in the long run by pointing out any problems with the home before you buy. Do yourself a favor and have one done before you make an offer.

 

How does one find a home inspector?

Well, for me when I lived in Calgary I simply Googled “Calgary Home Inspection“. That search returned a list of a bunch of certified inspectors that I chose from when I bought my house.

 

Modern Dream House!

Modern Dream House!

This 3903sqft home in Cameron Height’s prestigious River Pointe boasts 6 large bedrooms w/ ensuites, crystal chandeliers, comforting in-floor heating & private views through balconies along w/ a wealth of large windows. Fall in love as you enter to a 3-sided modern f/p & breathtaking open layout, w/ 18’ ceilings, through the grand double doors. Chefs, you now have the convenience of a walk-thru butler’s pantry w/ its own stove, along w/ a premium modern kitchen that consists of high gloss white cabinetry, state of the art appliances & quartz counters to serve your masterpiece. Business owners, you can now effectively manage clients without disturbance through a one of a kind private den w/ its own entrance. Entertainment lovers, you now have the joy of a lower level which incorporates a soundproof private theatre, wet bar, media room, games/workout area & a custom steam shower. Finally, you can relax after a long day in the master suite w/ white stone fireplace, exquisite W/I closet & ultramodern bathtub.

 

This one is cool too! I think the modern flare is just what could make my wife fall in love with it too!

Dream Home #1

Whoa! Check out this Dream House!

More about this house:

This gorgeous, French country suburban home in Pinnacle Ridge Estates will blow you away with the builder’s attention to detail. Every inch of the 2632sq ft is used with elegant and comfortable living in mind. The open living area exudes style and class with the 12 foot coffered living room ceiling. White built-in shelving highlights the wooden facade of the modern gas fireplace. The space is highlighted with floor to ceiling quality custom drapery, finished off with sparkling glass hardware. Gorgeous dark wood/glass barn doors lead into your office highlighted with transom windows allowing light to fill the room! Each of the 3 main floor bedrooms feature its own walk-in closet, AND its own ensuite bathroom! The 1st bedroom will definitely wow you with Pinterest worthy built in bunk beds and shelving. Many hours will be spent daydreaming in bedroom #2 on the built in window reading bench/drawers. Covered deck that is perfect for entertaining rain or shine! Added bonus the 1142sq ft – 3 car garage!

 

Now doesnt this sound like a beauty?