Church Pew Tips for Real Estate Investing
August 5, 2011 John Pew, Zimbio
Warren Buffet one of the worlds smartest investors recently commented on Real Estate investment, saying "It's a totally sound premise that houses will become worth more over time because the dollar becomes worth less,"
Banks allowed people with small down payments to buy homes which they could not afford but were willing to speculate on rising house values. This created the Housing Bubble.
Stock investment has out performed property investment according to Investor Warren Buffet, who stated, "All things considered, the third-best investment I ever made was the purchase of my home, though I would have made far more money had I instead rented and used the purchase money to buy stocks,"
Barrie and Orillia have again been identified as among the most promising places in Ontario to invest in real estate. The list appears in Top Ontario Investment Towns, a 102-page report prepared by Real Estate Investment Network (REIN), a Western-Canadian based research organization. The report analyzes the current and future prospects for real estate investment opportunities in Ontario.
Don Campbell from REIN recently gave this advice to investors who were looking to sell or rent properties. Other decorating and renovating tips include:
Some tips for inside your home include installing new light switch and outlet covers and also install simple one lever taps in bathrooms and kitchens.
Outside your home (for maximum curb appeal), installing half-moon doors, new porch lights, and a new mailbox and house numbers.
These simple and cost effective decorating and renovating tips can be the difference between selling or renting your investment or not. Separate yourself from your competition.
Before buying your investment property ensure you have it inspected by a qualified home inspector. In Barrie and Orillia many REIN members use Roger Frost at Barrie Home inspections to ensure they are fully aware of the condition of their home prior to make their purchase. When buying multiple residential properties it is even more important that you use a inspector who is trained in Part 3 of the Ontario Building Code and has the required qualifications.
Remember when buying a property the rule of thumb is Caveat Emptor - Buyer Beware