Real Estate Information |
|
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: How a Real-Estate Investor Rents by the Room to Maximize Cash Flow Business Insider Mayor Adams' crony approves lucrative NYC real-estate leases that reek of 'corruption,' rages councilman New York Post Deal brokered by top NYC real estate official Jesse Hamilton scrutinized by City Council New York Daily News Ranked: Real Estate Bubbles by Change in Home Prices (2014-2024) Visual Capitalist Experts closely watch SWFL real estate market after Helene, Milton Gulfshore Business Junior real estate student selected as Eisenberg Scholar Marquette Today News | TGI Fridays' closings could make some prime real estate available in tight retail market CoStar Group eXp rolling out rev share changes Real Estate News Amazon made Volusia's biggest real estate buy of 2024. Here's the rest of the top 10. Daytona Beach News-Journal Axis Real Estate Investment Trust Third Quarter 2024 Earnings: EPS: RM0.022 (vs RM0.024 in 3Q 2023) Yahoo Finance How the Presidential election really impacts the real estate market Mortgage Professional Agents see a brighter sales outlook ahead Real Estate News Specialized Real Estate Group, NWA Land Trust finalize deal to preserve acreage at Markham Hill in Fayetteville Arkansas Online NAR settlement doesn’t pass the ‘real world’ test Real Estate News Co-founder of MCB Real Estate discusses possible outcomes for Harborplace redevelopment - WBAL Radio Real estate secondaries continue fundraising momentum Secondaries Investor Grand Opening Celebration Held at Anthem Everett Boston Real Estate Times Boston Financial Closes $170 Million National Multi-Investor Fund Boston Real Estate Times Pinellas Beaches Real Estate October 22-25 The Gabber Newspaper Financial Services firms redesign wealth management spaces for next-generation clients Boston Real Estate Times Burlington Mall Completes Multimillion-Dollar Transformation Boston Real Estate Times Experts rank DFW. No. 1 for real estate potential Dallas Business Journal Anthem Citizen Real Estate Development Trust Raises C$82 GlobeNewswire RE/MAX Revealed as #1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year PR Newswire News | Property pros look for film, tax credits to help lure real estate demand back to Los Angeles CoStar Group October 22-25 Gulfport Real Estate Sales The Gabber Newspaper Julie Robinson named first head of healthcare real estate at Clarion Partners Pensions & Investments Real Estate disruptor ComFree is Back Yahoo Finance Brooklyn Homes for Sale: All Four Sold Brownstoner Invesco Real Estate Closes on $1.7 billion of Loan Commitments Across 24 Loans in North America through 3Q24 PR Newswire RE/MAX Revealed as #1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year StreetInsider.com NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend StreetInsider.com RE/MAX Revealed as #1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year StockTitan Local real estate firm to merge with national brand, expand footprint The Business Journals Unused Property? Driving Successful Lives provides the Solution: Donate Real Estate in Flint to Support PR Underground Anthem Successfully Closes on First Real Estate Development Trust IPO on a Canadian Asset GlobeNewswire NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend Financial Times Tag Archives: Storie Real Estate InkFreeNews.com U.S. Banks Sitting on $750 billion In Losses On Real Estate Debt Related Securities-Which Sectors Are Most Exposed? Yahoo Finance My View: Harris, Trump offer different takes on real estate investment The Business Journals Berks County real estate transactions for Oct. 27 Reading Eagle Nicola Wealth Real Estate and Townline Celebrate Completion of Meridian Residential Project in Coquitlam, B.C. GlobeNewswire Westchester-based real estate investor goes on SoHo shopping spree Crain's New York Business NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend Star Local Media Floyd Mayweather Inks Monumental $402M Real Estate Deal To Acquire Over 60 Affordable Housing Buildings In NYC Black Enterprise Utah Housing Market Forecast for Next 2 Years: 2025-2026 Norada Real Estate Investments High-end deals lost steam in September; million-dollar sales stayed strong The Business Journals Driving Successful Lives Opportunity to Make a Lasting Impact on this Holiday Season by Donating Real Estate PR Underground Why Hampton Roads real estate agents are optimistic about the region’s housing market The Virginian-Pilot These are the Best Real Estate Deals of 2024 Tampa Bay Business Journal Real estate company to double headcount after $100 million investment The Business Journals Nashville ends reign as top city to watch, falling behind Florida and Texas The Business Journals |
RELATED ARTICLES
What You Can Do To Sell Your Home Fast Yes, you want to sell your home and you want to sell it fast. It may be a seller's market and every other home in your neighbourhood is selling and you think it's going to be a cakewalk selling your home. Four Reasons To Offer Seller Financing An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. Stopping Home Foreclosure with Bankruptcy Bankruptcy Will Stop Your Sale - At Least For NowFor $395, you can stop your sale- at least that is what the ads say. You are about to find out how bankruptcy can be good or very damaging. Real Estate Local FAQs. There are many frequently asked questions and any local real estate area. In our area here at the local Delaware Beaches, the most frequently asked questions are how to get a good deal and if there are any fixer-uppers available. Boston Real Estate - Choosing the Right Boston Real Estate Agent As a successful Boston real estate agent, it always puzzled me how and why some people choose particular Boston real estate agents to sell their homes. For most of us, a real estate purchase is the single largest investment we will ever make in our lives. How Much is that House in the Window? With the recent release from the UK's biggest mortgage lender, the Halifax, of its latest house price report for May 2005, showing that prices fell by 0.6% last month, and prices falling just 0. Wealth Building - An Advantage of Home Ownership As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Dramatic Profits From Preconstruction Real Estate Investing The preconstruction process is an innovative real estate investment opportunity in which you buy tomorrow's property at today's price. Preconstruction investing is a boon for the investor or buyer as well as the developer or builder. Do You Want To Sell Your Rehabs Fast? That's an obvious question - we all do! So what is the trick? So much time and money is spent on systems updates, roofs, and structural issues, that many times there's nothing left for what really makes the sale: what your potential buyers see. And more importantly, what they fall in love with. The Perils of the Property Ladder: Has Anyone Noticed the Silence? There was a time when every conversation was focussed on property and every other TV programme was about property makeovers. Everybody wanted to get into property and those already on the ladder seemed fixated on becoming wealthy overnight. Best Places to Retire Places to Retire: Popular Doesn't Always Mean "Best"Las Vegas, Nevada; Phoenix and Yuma, Arizona; Las Cruces, New Mexico; and Ocala, Florida-just a few names that rank among America's most popular retirement destinations. Unfortunately, their popularity doesn't necessarily mean that they are especially appropriate choices for astute consumers. How I Became a Real Estate Investor Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. For Sale By Owner: The Inside Scoop On Selling Your Own Home If you're thinking about selling your home perhaps the 'for sale by owner' signs posted on neighborhood lawns have intrigued you. When you browse the newspaper listings you see ad after ad boasting 'for sale by owner' as an added incentive for buyers and you envy the owners that are confident enough to try it. Attention To Details Helps Homeowners Sell Fast In A Buyers Market Your boss has just given you the career opportunity of a lifetime, but the job is in another state.Soon you discover that moving your family to another city may be one of life's hardest tasks. Want A $10,000 House? How do you find a house for ten or twenty thousand dollars? In three steps:1. Find towns that are affordable. Choosing a Realtor Purchasing a property, either as an investor or as a prospective homeowner can be one of the most exhilarating and frightening experiences of your life. In both situations it is imperative that you find just the right property at the right price. 3 Mistakes to Absolutely Avoid in a 1031/TIC Exchange We've all made bad decisions in the past. Don't you just hate to hear "I told you so" from your friends and family? Or, maybe you catch yourself saying "If only I'd have. Home Selection Checklist - A Good Aid When Choosing a Home This home selection checklist is a tool to help you select a home that is right for you and your family. Before you select a home and get a mortgage, you need to know if you will be happy with the home you select for the coming years. Getting Started in Real Estate Foreclosure Investing Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine which foreclosure property to buy and the location. Real Estate Internet Marketing Is The Way To Go Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. |
home | site map |
© 2006 TIGER MEDIA |