What To Consider If You’re Buying An Investment Property
- By
Julia Austin
Source: Fly View Productions / Getty
Look at long-term trends
Like with the stock market, the best way to get a sense of what a property will do over the next 30 years is to see how it did over the last 30 years. “What you can do is look at the statistics of how properties have appreciated over the years,” Head says. “There was a time in Nashville when appreciation was averaging 2.5 to 3 percent a year. Your realtor can pull those averages to show you how properties appreciate in your area from one year to the next using trending. That trending will help you project what your properties will be at when you’re ready to offload them. That will give you a good idea of what to expect when you make that last push to make your retirement goal.”
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
