Recipe for a Successful Real Estate Investment

By
Real Estate Agent
There are a few wants that home buyers perceive as needs when shopping around for a home. As you're shopping for your next home, you may not have any idea how long you will live there as you may need to sell at some point. With that in mind, consider some practical features potential home buyers look for when buying their next home. That way yours will be positioned for quick sale if or when you decide to put it on the market in the future.

Basic Functions

When you bought your first home, things like central air, a newer roof and a fenced in yard may not have been tie-breakers or even something you thought were important. As you progressed to other homes, however, it probably became more evident that certain offerings in a home are basic to your family's needs. Functions like air conditioning, a basement, a back yard/fenced yard are now often aspects that buyers shopping for their next home require. Other basics you'll want included in your next home purchase are a newer roof and central heat and air system. Bypass a home with any system over 15 years old, unless it's a bargain and you can afford to upgrade. Although ten years will do, five years or less is the ideal, which will help mitigate negotiations in the future sale of your home.

Stellar Storage

Don't know if you've noticed it, but buyers like their storage space. That includes a double- or triple-car garage, walk-in master closets and additional storage areas - the more storage the better. If your next home doesn't have an abundance of storage space, but fulfills the other needs of your family, build a large shed in the backyard. That may suffice for extra storage needed by the next buyers of your home; although, attics can also be transformed into living space and storage.

Green Living

If you'll be building your next home, instead of buying an existing one, consider home builders that build green. Eco-friendly trends receive high marks from almost half of the nation's consumers shopping for their next home. There are green products that can be used to build the structure of the home. Central air and heat units come in conservative models that limit emissions. Solar panels absorb energy and translate it into energy for use in the home. Energy efficiency is the order of the day, and the trend seems to be taking off.

Location, Location, Location

Sorry, someone had to say it. Although living next to a railroad tracks may not bother you, it is not the ideal for many of today's home buyers. Does the home sit on a four-lane busy city street or back up against businesses? Does the neighborhood consist mostly of retirees, or are there predominantly younger families living there? Are there huge power lines or airports in the immediate area? These are a few of the questions you'll want to ask when shopping for your next home. Consider safety, neighborhood amenities and close proximity to schools and neighborhood parks. A family often has different needs than seniors or a single person when it comes to services available in the immediate location of a home.

Ask your realtor questions about available services, the demographic of the neighborhood and neighborhood amenities. Find out from your realtor what the most sought-after features are in the real estate market in which you are shopping. Always consider resale when buying your next home, and diligently research the area. Do it effectively, and you'll set the stage for a recipe for a successful real estate investment.

Ki maintains a website, which works as a clearinghouse of information on Austin Texas real estate. There, future homeowners can search available Austin homes. Ki has worked with Austin buyers for over three years. He also maintains a blog for people that want to keep up with the market and activity for Austin real estate.
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Rainer
30,768
Ryan Case
Pacific Servicing - Temecula, CA

Great job in educating homeowners! Nothing is more important than making sure they make the right choice on the largest investment of their lifetime!

September 02, 2010 01:59 AM #1
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Rainmaker
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Ki Gray

Austin Real Estate
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