Great starter home or investment

Real Estate Agent with KW Fayetteville

I'm always tickled when I see the words great starter home or great investment in the caption describing a home in an ad or the multiple listing service. Why you ask? Because the house is almost always low priced, run down and ugly. Shouldn't a great investment or starter house be a place people want to live? If you're buying an investment house do you really want to be in the low priced market where tenants often are just scraping by? And If you're buying a house to live in or as a rental do you really want to dump a load of money into it right off the bat? I know sometimes it makes sense but when I see "great investment" or "great starter" my first instinct is to run the other direction.

I'm convinced most people have no idea what makes a good investment property. Here's an easy test; would you buy the house to live in? If the answer is yes then it's probably worth a closer look. If not, keep looking. Your goal in investment real estate is to make a profit not lose your lunch money on the first house somebody else says is a great investment.

Thanks for reading

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Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs


You hit the nail on the head. Even the appliances are missing.

Aug 05, 2007 03:41 PM
Roberta Anderson
Hearth & Home Staging - Silverdale, WA
Hearth & Home Staging, Staging Kitsap County

Too true. When I'm looking for an investment home it certaininly is not where I wouldn't want to live myself. An investment or starter home isn't just with your $$. . . it's also with your heart and soul and often sweat!

Aug 05, 2007 03:52 PM