Hammer or Screwdriver?
Sam Thomas has over 29 years of sales and management experience helping clients, managing representatives and leading managers. His philosophy is to "find the win" for all parties to have success. New to the ActiveRain community, this great entry launches his debut in real estate blogging. To follow Sam, catch his latest entry here.
Many times a client will ask, Sam would you buy this house? This reminds me of one of the lessons a client shared. The question was asked, what's better a hammer or a screwdriver? Really, which one is better??? He explained, it depends on what you're trying to do. A hammer makes a terrible screwdriver and a screwdriver makes a lousy hammer. It depends on your objective.
The same is true when buying a house. It depends if you're buying an investment or buying a personal home.
As an investment, we are really scrutinizing equity capture, rent levels in the local area, return on investment, etc. As a personal home, the focus shifts to functionality for family, how does it make me feel, can I fall in love, colors, etc. Two very, very different purposes that end up placing a dollar value on the same bricks and sticks.
Would I buy this home? Great question... which is better a hammer or screwdriver?
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