Top 3 Rules to Remember when buying a home - anywhere, any time.
In todays soft housing market, how do you know you're getting a good deal ? Here are 3 simple rules to live by:
1)Does this house suite my needs, and does it meet all of my search criteria ? While location is very important, it's not everything. Having a house that meets all your goals is the # 1 Rule to Remember.
2)Understand the value. Appraisers assign value in two principal ways: sales comparisons (similar style homes sold in the same area), and replacement cost (what would it cost to buy the land and build that particular home on the land, minus the depreciation).
3)Are there any compensating factors ? This includes view, upgrades, yard, easy and affordable maintenance, shops and stores within short distances, manageable Home Onwers Association (HOA), and Association of Apartment Owners (AOAO) fees etc etc.
Thank you for reading my blog. I hope found it helpful.
I look forward to hearing from you.
Aloha,
Peter Slate R(S)
Haiku Properties
808 276 4017
1)Does this house suite my needs, and does it meet all of my search criteria ? While location is very important, it's not everything. Having a house that meets all your goals is the # 1 Rule to Remember.
2)Understand the value. Appraisers assign value in two principal ways: sales comparisons (similar style homes sold in the same area), and replacement cost (what would it cost to buy the land and build that particular home on the land, minus the depreciation).
3)Are there any compensating factors ? This includes view, upgrades, yard, easy and affordable maintenance, shops and stores within short distances, manageable Home Onwers Association (HOA), and Association of Apartment Owners (AOAO) fees etc etc.
Thank you for reading my blog. I hope found it helpful.
I look forward to hearing from you.
Aloha,
Peter Slate R(S)
Haiku Properties
808 276 4017
Labels: any time., Top 3 Rules to Remember when buying a home - anywhere
posted by Peter Slate R(S) at
8:50 AM
1 Comments:
Your investment properties give good returns, if there is sufficient demand for rental properties. Tenants must be interested in renting the property. Normally, the rental demand is high in densely populated areas like cities. Landscape scene did not have high demand and rents could be much less.
HOA Management
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