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How to Be Smart About Investing in Real Estate

Investing in real estate is a really hot topic right now and for good reason. The real estate market is booming and everyone wants a piece of the gold. If you’ve got the capital and you do it right, one of the smartest and safest ways to invest your money is in real estate. One common misconception is that investing in real estate is easy. Many think once you buy a property you can sit back relax and watch your pockets fill up. Unfortunately it isn't quite that easy. Follow the advice from the Orange County real estate experts at Balboa Realty and if you make informed and smart decisions you will most definitely be rewarded. Contact Balboa Realty today and let's get the ball rolling! Call our agents today: 949-386-8310

First things first. Understanding the different types of investment properties is key. There are single family homes, condominium complexes, and residential units. When you’re surveying the market for a new property look for one with land value. The insurance company, tax appraiser and a house appraiser will be able to provide you with the value of how much the actual land is worth. It’s important to look at the house itself, but it’s equally important to know the value of the land if the house was to burn down or if someone wants to do a rebuild. It is very desirable to live in Orange County meaning that the land value tends to be very high. 

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Purchasing homes that have recently been built sounds like a safe idea because many people think these homes won’t have as many problems as older homes. The isn’t necessarily true because a homes’ construction quality depends upon the architect and builder. New builds can be a great choice, but it’s extremely vital that you do your research and vet the builders before you make a decision. Go take a look at other properties built by the builder you’re interested in and ask questions about the materials used to build the house, the insulation, wiring, and see if any issues have arose. This will ensure you are making an educated decision. 

Lastly, take advantage of the local experts at Balboa Realty. Lean on our expertise and let us work with you to find the best investment property possible. Balboa Realty are the experts in the Orange County Real Estate and Orange County Property Management area and we provide honest, trustworthy advice to all of our clients and will guide you in the right direction. Rest assured, your real estate investment property is on this horizon! Call our Balboa Realty agents today: 949-386-8310

Published on Friday, February 3, 2017