Six Wealth-Building Real Estate Resolutions for 2015

Six Wealth-Building Real Estate Resolutions for 2015

3 years ago 0 0 1401

You might be surprised to know how many commercial real estate purchases are driven more by emotional than rational decision making. With the real estate and stock markets being white-hot and returns on conservative alternatives near zero, it is tempting and easy to throw caution to the wind. Beware if you dare. If you’re considering a real estate investment in 2015, here are Six Wealth-Building Real Estate Resolutions to ensure that rational thinking prevails. 1. Neighborhood trends matter. Google earth doesn’t tell the entire story. A site visit is worth the time and expense. Also, engage a professional familiar with the property type and local market to provide an objective assessment that will reveal opportunities and potential problems associated with planned rezoning, future developments, transportation changes, or market trends. 2. Physical condition of property Get an inspection! Hidden conditions can be very costly. A pound of prevention…well, you know. 3.

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