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?
#samthomasrealestateboss
Comments(31)