4 Qualities for the Ideal Investment Property for Sale

January 22, 2018

4 Qualities for the Ideal Investment Property for Sale

As an investor, you know that not all properties are great for real estate investing. Here are tips to help you find the right investment property for sale.

 

Are you in the market for a unique investment property?

 

If so, you aren't alone. According to The College Investor, over the past two centuries, 90 percent of the world's millionaires have invested in real estate.

 

But to make the most of your investment opportunity, you need to be sure you are buying the right property at the right time.

 

Read on to learn 4 qualities for the ideal investment property for sale.

 

1. Good Location

 

There's the well-known saying in the real estate world, "Location, location, location!"

 

For many investors, the most important factor for real estate is the location of the investment property for sale. That's because if you plan to rent the property to a single person or family, the location helps determine whether or not it is in a good school district

 

Alternatively, if you are buying property to rent it for commercial use, it should be in a convenient location relative to where people live and shop.

 

2. Growth Potential

 

Another important consideration for an investment property is the growth potential in that area.

 

Is the property in an area that is up and coming or on the decline? It is a good idea to research the specific city and surrounding area to learn about what sort of development is planned in the future.

 

If there is a lot of expansion or development taking place, this can have a positive impact on the value of your property.

 

3. Competitive Price

 

Your investment property must be purchased at a competitive price in order to help you earn a larger return on your investment.

 

But what is a competitive price?

 

That depends on what the market is for a similar property in that area at the time. You or your realtor should spend significant time researching what comparable properties have been selling for recently.

 

This will help give you a better idea of what the property is worth at the time. You should also look at the historical selling price of the property. That will give you a better idea of where the price is relative to where it has been in the past.

 

4. Be Sure You Can Rent It

 

If you are buying an investment property for rental purposes, you need to be sure you are allowed to rent it out.

 

Depending on your location and where you are buying, there may be restrictions on your ability to rent the property to other people.

 

Be sure to look into the laws and any zoning restrictions in order to be sure you are able to do what you want with the property.

 

Wrapping Up: Find the Investment Property for Sale

 

An investment property can be a great way to help you build wealth. But you should be sure that the property you buy is a good value and offers strong growth potential.

 

At Elite Team Realty, we are a group of real estate professionals in Charlotte, NC. We work with buyers, sellers, renters, and investors to provide comprehensive real estate services.

 

Contact us today to learn more about how we can use more than 20 years of industry experience to help you find the best investment property.

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