Who here owns?
Who here owns?
Out of context: Reply #45
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- ETM0
The best time to buy real estate is 5 years ago. The longer you wait, only the more expensive things will get.
Find a fixer. Not a structural, costly nightmare, but an ugly, outdated place. Just needs some lipstick. Hardwood, some tiles, new cabinets, paint etc.
You can then weekend warrior renovate over time and add some value. If you can't add value in the current market, its dangerous. It creates a buffer if prices drop a bit. Just educate yourself and make sure the money you get back on what you do would be more than you put in. Example $2k in hardwood could easily add $5k to your value, as well as increase over all salability.- I have owned for 6 years and my house has doubled in value.ETM
- good advice. i've owned 2 houses over the past 7 years and the value of my current house is triple what i bought the first one for.arthur
- first one for.arthur
- Well said ETM. We bought the same time as you and have experienced the same value increase.********