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Real Estate: Reasons and Priorities for Purchasing Property
By Jody Hudson www.JodyHudson.com Real Estate can be a great investment with unusual appreciation. We have had several years years of exceptional annual appreciation. We are still having great appreciation, perhaps as much as 20% annually in some areas. But, it is not as extensive nor as much as it was. Real Estate as an investment can be fairly good to best in the world -- but it is an investment that is best viewed over the long term; There can be long periods when it does not go up in value much, if at all. Taken over a period of decades or even centuries, nothing on earth beats it. Another problem with real estate is that it is not liquid, that is, it is not easy to convert to cash -- like stocks, bonds, and savings accounts are. Real estate is particularly non-liquid during a downturn in our markets. You will not likely hear this anywhere else, especially from other Realtors, but real estate is not a great investment, it is usually a good investment but not always, and not all the time -- when looked at short term. Too many people buy real estate as an investment and forget that there are other reasons to buy. I suggest that you will be much happier if you purchase real estate for use and for lifestyle rather than as an investment, when it comes to your place of residence or your second home. Perhaps it should be almost entirely about lifestyle. After all, a primary residence or a second home should be a place to enjoy a lifestyle that allows you to relax and wind down from the rest of life. If you live a very public life, one where people are always seeking you out, where you are always in the light of public scrutiny and often in the press for instance; if your normal life is one where you must always been on your best behavior and always crafting each word and action for it's best value - then perhaps a private place, away from others, a place where you don't know your neighbors, is just right for you. There are some communities that are unique. There is one just for you! Perhaps the lifestyle you want is right in the middle of everything. Take a look at various properties for sale. Each of these properties has it's own personality of location and lifestyle. Ask your Realtor for lifestyle particulars about any of them. Most importantly, visit them on your own and find out from the other residents by meeting them and asking. Weekends are a great time to walk the area and speak to those working outside! One of the things I try to convey to people who are at stages in life where lifestyle is really the only reason to purchase a home -- is to think about only "lifestyle". Are you really trying to buy an investment that will appreciate over a period of time so that you can sell it for a profit in the future? Or are you trying to settle into a lifestyle that will allow you to enjoy your home and surroundings and other aspects of your life? Perhaps your other investments are in place, you are seeking a retired life and you wish to enjoy the lifestyle of a million dollar home, but don't want to take that money out of liquid investments, that you might need to access. In such a case, you might want to purchase a home on leased land. The owner of the land will get the appreciation but you can save, in some cases a million dollars or more, by getting a home on leased land. In some cases that might be a mobile home or manufactured home on rented or leased land. In our area of southern Delaware, most of the people living in land-lease communities do NOT look at the home here as an investment! They have investments. Perhaps your perfect lifestyle home will not appreciate in value much or at all... at least not in the short term. BUT as long as you keep your home in top shape and are in a desirable community, you are most likely not losing anything at all. If you are considering a community that involves leased land, or "ground rent" as some folks call it, then consider what else you may be getting out of the deal. Here and in other areas, some land-lease parks or communities allow you to live life like one of the wealthy without paying for it and without time and cost of maintainance. You may get benefits such as swimming pools, private beaches, marinas, tennis courts, grass cutting, trash removal, daily or hourly security drive-bys, etc. The communities that I know of that are in "fee simple", that is where you own your own land, do not provide all of these benefits, (though I do know of many that provide some). Consider what it is you want out of home or out of a vacation home. If low maintenance is a priority for you at this point, the manufactured home community may be the best choice, perhaps. Also, you need to consider how much you are willing to spend on a vacation home. This will hold a major bearing on what you will eventually purchase. There are many options for people who are in your situation. You just need to balance your wants and needs in priority order. Next, consider your finances. There are many desirable factors in owning each different type of residential real estate. All we ask, is that for YOUR improved happiness, please consider Lifestyle instead of only investment appreciation! Copyright 2004 by Jody Hudson Jody Hudson: MrJodyHudson@earthlink.net and www.Kate-Jody.com Jody Hudson was raised as a farmer in Delaware. In 1969 he and his father began "planting houses instead of crops" on the land. It was far more profitable. In 1972 he got a real estate licencse. In a few years he became the youngest real estate broker in Delaware history. In 1982 he was selected by Who's Who in American Real Estate as it's youngest member at the time. He has created about 40 residential communities and sold real estate in Delaware and across he nation. He has written several valuable articles http://www.kate-jody.com/essays/index.html for you. Enjoy!
MORE RESOURCES: Broncos connected to real estate purchases around Burnham Yard, potential stadium site The Denver Post Small real estate investors reach record market share, now dominate 59% of investor purchases Fox Business Real estate brokerage eyes move to Salesforce Tower Crain's Chicago Business Real Estate Transfers ~ May 30, 2025 The Bedford Citizen Startup aims to bring assumable mortgages to the masses RealEstateNews.com After 50 years of blazing a trail for women in real estate, a Hampton Roads magnate retires The Virginian-Pilot Household Real Estate Asset Value Falls to Start the Year Eye on Housing Attorney General Jeff Jackson Frees North Carolinians from Predatory Real Estate Agreements NCDOJ (.gov) Lynn Goessling Talks Real Estate Trends in St. Louis Business Journal Armstrong Teasdale MV Realty update: Listing agreements terminated in Florida RealEstateNews.com Real Estate: 8 properties, including apartment complex, change ownership in Clark County The Arkadelphian Interview: Heidi Addo, vice president, Michel Commercial Real Estate Finance & Commerce EG Real Estate: 11 Sold & 13 Open East Greenwich News SDCERA commits $250m to real estate fund Private Equity Real Estate | PERE MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES 10% INCREASE IN MONTHLY CASH DISTRIBUTION POLICY Yahoo Finance Former GE Headquarters Site in Fort Point Sells for $57 Million Amid Struggles in Lab Real Estate Market Boston Real Estate Times 4 rate-lowering strategies to share with buyer clients RealEstateNews.com Q&A: Colliers’ Devon Dvorak builds career in multifamily real estate Finance & Commerce Tech Bytes: reAlpha enters a new market, eyes national expansion RealEstateNews.com Home equity dips $4K as prices slow, costs climb RealEstateNews.com TCRS commits $150m to real estate fund Private Equity Real Estate | PERE Archie real estate platform wins Delaware EDGE grant Cape Gazette Real estate news: Tesla Collision Center property in Irvine sells for $21M Orange County Register The Best Real Estate of the Year, From Merv Griffin’s La Quinta Estate to a Historic Oxfordshire Manor Robb Report Aleut Real Estate breaks ground on hangar facility at Pryor Field Business Alabama Magazine Related Beal Celebrates Topping Out of Leiden Center II at Innovation Square in Boston’s Eastern Seaport Boston Real Estate Times New Perspectives: Cheers! | Real Estate Insights Piedmont Exedra Brooklyn BP Antonio Reynoso has taken cash from real estate interests despite pledge New York Daily News MassHousing Announces Expanded, Statewide Down Payment Assistance Program - Boston Real Estate Times MassHousing Announces Expanded, Statewide Down Payment Assistance Program Boston Real Estate Times Kevin Joyce Talks Residential Real Estate, Mortgages & Opportunities For Sellers & Buyers Rockland County Business Journal Matthews Real Estate Opens San Francisco Office Connect CRE LOCAL REAL ESTATE TODAY 6.13.25 KQEN News Radio Galvanize Real Estate Buys Maryland Industrial Portfolio CommercialSearch Licking County real estate transfers for May 26-30 hit nearly $1.5 million in Pataskala The Newark Advocate Real estate transfers in Hancock County for May 2025 Muddy River News Invesco Real Estate Provides $355M Refi of 24-Asset Industrial Portfolio Commercial Observer $28.2 million record home sale in West Palm Beach at 3030 Washington Road The Palm Beach Post Fond du Lac County property sold for $1.53 million in real estate transfers for June 2-6 fdlreporter.com News of public record: Muskingum County real estate transfers Zanesville Times Recorder Northwest Healthcare Properties Real Estate Investment Trust Announces June 2025 Distribution Newsfile Wake Up Your Real Estate: Defining Real Estate Nonstop Local News Real Estate Agent Booms and Busts Calculated Risk Brookfield Asset Management names CEO of real estate in reshuffle Pensions & Investments News of public record: Coshocton County real estate transfers Coshocton Tribune Real estate transfers: Canton supermarket property sells for $8.2M Canton Repository NBA star Kevin Durant’s custom Oklahoma City townhome hits the market — starting at $35 USA Today Building Futures Annual Awards Gala Fordham University $354M Deal: Bridge Investment Group's Massive Industrial Portfolio Refinancing Spans 6 Key States Stock Titan The Pipeline: Commercial real estate roundup for 6.13.25 Richmond BizSense Florida’s Spring Break Capital Is Now Its Newest Luxury Real Estate And Financial Hotspot - Forbes Construction crews raising the next business park for fast-growing Kyle The Business Journals Investors Are Selling a Record Share of Homes To Cut Their Losses—Especially in These 5 States Realtor.com Major Real Estate Deal: Lead Real Estate Secures Prime Spot in Tokyo's $6B Tsukiji Waterfront Transformation Stock Titan Loyola names MCB Real Estate’s David Bramble as Business Leader of the Year Loyola University Maryland Real estate giants crack down on exclusive 'off-market' home listings in major shift for buyers Fox Business U.S. States With Lowest Mortgage Rates Today – June 13, 2025 Norada Real Estate Investments Real estate pushback to the 'Taylor Swift tax' begins. Will the charge hit everyday cottages? The Providence Journal Reality star's real estate company locks hundreds of North Texans into controversial contracts CBS News |
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