Call (253) 999-2371 Paul Chunyk is a Realtor in Tacoma, WA. See our new homes for sale in Tacoma, Washington, and all of Pierce County. Search the Tacoma Real Estate Market - condos, mansions, luxury homes, and more

4 Ways to Get the Most Value Out of Property

4 Ways to Get the Most Value Out of PropertyBuying property is an investment. You are investing money in a property with the expectation of some type of return. Some simply want the return of a shelter and a place to call “home.” Others expect not only a shelter and home, but anticipate being able to eventually receive a profitable monetary gain. Not all properties are investments that will produce a profit. To invest in the best-valued properties across the US, look to buy a home with these features:

  1. A house that is small and less appealing. The value of homes is based upon the supply and demands of homes in that particular area. Whether the home is the largest and most appealing, or the smallest and least appealing, the appreciating of that land will increase by similar amounts. This means that a home that costs less will have a greater return than one that is more expensive.
  2. In a neighborhood. Homes that are purchased in areas with cul-de-sacs are more sought after, increasing the land value. Businesses do not typically build on cul-de-sacs because they do not allow for through traffic. This creates a less noisy, less busy, and safer environment for families to live.
  3. Young average age of homeowners. The majority of new homeowners are young adults with children. They are looking for locations where there are children to become playmates for their kids. Certain public schools are also going to increase the value of land in an area as the high-ranking schools draw in families.
  4. Be educated on the neighborhood’s future plans. Future development has the potential to completely alter the value of property. Does the government have plans to build more schools and hospitals? Are there plans to make the area into a more commercialized center? The future changes can impact the value of homes as much as the current state of the neighborhood.

Knowing what property to invest money into is not only for the real estate investor. As a homebuyer, it will increase your ability to sell your home and make a profit. People want the best-valued properties. What was your secret in having a great return on your home investment? Tell us in the comments below!

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