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Location And Value
One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.
Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.
Do These Real Estate Tips Really Apply to YOU?
I've learned these tips through years of experience as a top Realtor. But I know that YOUR situation might be different. That's why I'm here. It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. If you have any questions about these tips - or other tips you may have heard elsewhere - ask me! I'll respond quickly, for free, and without obligation...
| Q |
What is the average age range of a second-home buyer in the United States?
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| A |
Currently, second-home buyers in America are most often between 41 and 44 years of age. |
 See More Real Estate Trivia > |
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Craig Alexander
Coldwell Banker
Premier Properties
907 N Royal Avenue
Front Royal, VA 22630
Cellular: 540-671-6082
Direct Phone & Fax: 540-242-3297
Email: craigalexander@NUMBER1EXPERT.com
Email: craig@mris.com
Born and raised in the Front Royal area, I began practicing real estate in 1990. I offer a wealth of information about the area, including Front Royal, Warren County, Winchester, Frederick County, Flint Hill, Rappahannock County, Strasburg, Shenandoah County and Luray, Page County. A top producer in the region helping thousands of people since 1990, I provide the best service possible to my customers and clients and have been recognized in Top 5% Realtors nationwide .   
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All rights reserved. All information deemed reliable but not guaranteed.
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