5 BASIC THINGS EVERY REAL ESTATE INVESTOR SHOULD KNOW
Posted: Friday July 16, 2021
To be a good real estate investor, you have to be willing to do your research. If you are new to the game, you’ll want to pay close attention to the information below. In it, we’ll share with you several things every real estate investor should know to stay ahead of the trends and the competition.
1. LOCAL PRICING
As an investor, one of the first things you should look at is the current pricing trends in the area. For example, are prices accelerating more in one area than in another? How does the average home price compare in neighboring towns? Knowing the answers to these questions will help you know which area housing is in highest demand. Studying these trends will help you figure out fair pricing on different types of properties so you get the best deal possible.
Seek out real estate agents for local pricing trends, as they have access to the MLS. The internet, newspapers, and town halls are all good sources for pricing information as well.
2. MORTGAGE PRE-APPROVAL
Real estate investor pros know that getting pre-approved for a mortgage carries serious benefits. First and foremost, the lender locks in an interest rate for you that stays the same regardless of interest rates at the time you actually purchase a home. Secondly, buyers hold you in a higher regard than other prospective buyers who have not sought pre-approval.
3. DEVELOPING COMMUNITIES
One way to ensure your success as a real estate investor is to buy properties in up-and-coming neighborhoods. Growing communities experiencing new infrastructures make for great investment opportunities.
Look for things like new developments such as schools, shopping malls, and roads, as these things suggest the area will be experiencing a growth spurt soon. Check with town halls and road or building departments for word of future projects slated to start in the near future.
4. LOW-TAX AREAS
Comparing property taxes from different areas can help you decide which areas will be in high demand. If taxes are higher or are slated to rise in a given area, but a neighboring community has lower taxes, more people will want to buy in the lower tax community.
Check with real estate agents in the area or speak with a local tax assessor to determine property taxes in a given area and whether an assessment is scheduled that might raise taxes.
5. SCHOOL RANKINGS
Communities with high ranking schools tend to draw parents hoping to enroll their children in quality education. Good investors know that buying in such areas can lead to high profits.
The easiest way to find this information is to contact the board of education in a given area. If you have time, visiting the schools themselves is an option since schools with high rankings gladly share the information.
To be a successful real estate investor, you must be willing to do your homework. Tapping into local resources for the information you seek is the best way to stay a step ahead of the competition.
5 WAYS TO BECOME RESPONSIBLE HOMEOWNERS
HOW TO AFFORD TO BUY YOUR FIRST HOME
WHAT YOU SHOULD THINK ABOUT WHEN RENTING AN APARTMENT
4 TIPS FOR SELECTING THE RIGHT PAINT COLOR FOR ANY ROOM
TIPS TO PLAN AND DESIGN YOUR SCREEN PORCH
5 HOME IMPROVEMENTS WITH THE BIGGEST RETURN ON INVESTMENT
5 THINGS TO DO THIS YEAR IF YOUR GOAL IS TO BUY A HOME
HOW TO CREATE A CHILD-FRIENDLY KITCHEN
3 MISTAKES TO AVOID WHEN HIRING A HOUSE PAINTER
CLEVER CLOSET SOLUTIONS FOR RENTERS
7 ORGANIZATION FOR A BETTER HOME OFFICE EXPERIENCE
EMPTY NESTER? WHY IT MAKES MORE SENSE TO MOVE RATHER THAN RENOVATE
EVERYTHING YOU NEED TO KNOW ABOUT FLOOD INSURANCE AND WHETHER YOU NEED IT OR NOT
CREATE YOUR HOME(WORK) STATION
DECORATING IDEAS FOR APARTMENT LIVING ROOMS
5 BASIC THINGS EVERY REAL ESTATE INVESTOR SHOULD KNOW
HOW TO PREPARE FOR RENTING YOUR FIRST APARTMENT
THE AVERAGE COST OF ADDING A KITCHENETTE
REDECORATING YOUR KITCHEN? HERE ARE A FEW IDEAS
KEEP YOUR PLACE IN PERFECT SHAPE WHILE YOU’RE AWAY
3 TIPS FOR MAKING YOUR HOME APPEAR PET-FREE WHEN TRYING TO SELL IT
HOW TO INCREASE YOUR HOME’S VALUE WITH WATERPROOFING
6 IDEAS FOR ORGANIZING YOUR CLOSET
TOP 6 FEATURES OF A PROFITABLE RENTAL PROPERTY
5 BASIC IDEAS OF MODERN HOME DECOR
HOW LONG YOU SHOULD LIVE IN YOUR HOME BEFORE SELLING IT?
4 TIPS ON HOW YOU CAN SELL YOUR HOME FAST
7 STUNNING WAYS TO DECORATE YOUR LIVING ROOM
4 THINGS TO AVOID WHEN SELLING YOUR HOME
6 TIPS FOR BUYING YOUR FIRST RENTAL PROPERTY
RENT OR BUY A HOME? THE BEST OPTION FOR YOU
7 HELPFUL USES FOR LAUNDRY DETERGENT
6 ROOM DECORATION IDEAS FOR YOUR HOME
5 BATHROOM PAINT COLOR TRENDS
HOW TO GET THE MOST FOR YOUR MONEY IN A SELLER’S MARKET
HOW TO KEEP CLEAN AND SAFE RENTAL PROPERTIES
7 INTERIOR TRENDING DECOR IDEAS
5 TOP REAL ESTATE NEGOTIATION STRATEGIES
BUYING A BATHTUB? HERE’S EVERYTHING YOU NEED TO KNOW
Avoiding Moisture Problems in the Home
Create More Space in your Kitchen
Balancing the Emotional and Practical Sides of Buying a Home
4 REASONS TO GET INTO REAL ESTATE AND STAY IN IT
HOW TO GET BUILT-IN SHELVES ON A BUDGET
How to Quickly Improve Indoor Air Quality
Conversation with Jenna McKay
Estimating Your Selling Costs
Healthy Lighting for Your Home
Real Estate Chat with Kyle Kerr
Morning Chat with Melissa McCullough
Regina and area March 2020 Market Update
WHAT TO REPAIR BEFORE YOU LIST
First Time Home Buyer Tax Credit
Making “Neighbourhood Targeting” Work for You
January 2019 Market Update
Should You Move or Renovate?
Light Your Way to a Faster Sale
4 Ways to Make the Home Hunting Process Easier
Tips for Selling Your Home In a Slower Market
3031 Fuller Place, East Regina
7 Emerald Vista, White City Sk
Home Tour: 2169 McTavish Street, Regina SK
8 Mistakes to Avoid When Buying a Home
Tips for Showing your Home