Blog

What Features Should You Be Looking for your First Real Estate Investment

Oct 20, 2023 | Uncategorized

Share The Post :
When purchasing a piece of real estate, it is important to ensure that the features of the home meet your criteria and best serve your goals. An ideal investment property has many important features that will differ from the vital features of an owner-occupied piece of property, and therefore itโ€™s important when choosing an investment property to know what you should be looking for. Hereโ€™s what you need to know if youโ€™re investing in a rental property for the very first time.

Consider The Furnishings To Capitalize On Your Condo

When looking to purchase a condominium, itโ€™s important to first ensure that the building allows for rentals, and that rental terms are flexible. Second, one should do research about the building and the communityโ€™s rental market to ensure that the rent will cover the mortgage, or at least the majority of it. Generally, two plus bedroom condominiums are easier to rent out than one-bedroom units, and will render a higher rental profit – though one-bedroom suites in high-traffic areas and close to universities can be highly profitable.

Furnishing your condominium and marketing it as fully furnished can render a much higher rental income for renters who are willing to pay a premium, though this may mean shorter rental terms and perhaps a little more work on the part of the owner. Centrally located condominiums with nearby amenities and access to public transit tend to net higher rental rates, as well as condominiums that offer parking.

Detached House: Maximize Rental Income Under One Roofs

When looking to purchase a detached home for your investment, you can significantly increase the rental income by choosing a property that offers multiple dwellings to rent out. You can achieve this by purchasing a home with a sufficient basement suite that will allow two rental incomes under one roof. Other options include purchasing a duplex or triplex property, and some single-family dwellings have lane homes or coach houses that can be rented out separately.

Long-term Gain: Location, Location, Location

Location, though perhaps not everything, is certainly a major factor when looking for a long-term financial gain from your real estate investment. Purchasing in areas that have a history of rising property values is a good way to maximize your returns, and up-and-coming neighborhoods with planned future developments can be a promising sign of a growing, profitable location. Already-established areas with high property values, though they may not offer an initial “steal” on the property itself, tend to continue growing and may offer a safer bet for future gain. Spend time in the neighborhood you are considering for a future investment, and place heavy consideration on the possible growth of the area before you purchase your investment property.

Choosing the type of property as well as the area it’s located in are important factors in making a wise real estate investment, both for the short term and the long term. The final component to consider is timing, which can significantly affect the overall profitability of your investment purchase. The best thing you can do to help your decision of when to buy is to speak to your real estate advisor. Ask your realtor for a market report today, and get shopping for your ideal investment property!

If you are considering selling your home, be sure to contact us at (480) 582-5050 or email us at info@webuyhomescash.com so we can provide you with a Fair Cash Offer on your [bus

iness-area post=”true”] house.

Want To Get A Cash Offer On Your {Business Area} house?

Please fill out the quick form below, and we will be in touch with you shortly!

  • This field is for validation purposes and should be left unchanged.

Listing vs. Selling To Us

Which route is quicker?
Puts more cash in your pocket?
Has less hassle?

See The Difference Here

Get a Cash Offer Now

Submit your info below, and we'll get in touch right away to discuss your offer

  • This field is for validation purposes and should be left unchanged.

Recent Testimonial

  • Michael G. SLC, UT

    We had made a move out west from North Carolina for business reasons, and we did not have time to finish some upgrades such as new carpet, fixing a small area of mold in one of the bathrooms, and some painting.  We had selected an investor in NC who advertised quick closings, all cash for as-is homes.  They backed out of the deal at the last minute, and we had a home under construction in Utah.


    We called We Buy Homes for Cash, and they were wonderful.  Blake, Mason and Bryan made the whole process smooth and stress free.  We were able to close in about two weeks.

    We are about to close on our new home in Utah.  This would not have been possible without their professional and personable service.  I highly recommend We Buy Homes for Cash.

  • Robbie Khalil

    I had been wanting to sell my house for several months but every realtor I talked to needed me to clean up my house and I have 30 years worth of stuff here.  I was not able to get rid of my stuff or pack it all away.  My home also needed some repairs like the roof and some plumbing stuff.  I called We Buy Homes Cash and the experience was amazing.  They gave me $2,000 up front so I could buy the moving supplies I needed to pack.  Then they let me stay in the house for 2 weeks after they closed.  This was so helpful.  Thank you so much Tyson and all the others that helped me make my move to Ohio possible.

  • David Moore

    If you're looking to sell your home, I can't think of a more reputable and fair team to work with.  Tyson and his team went above and beyond to make sure they understood the process of working with a cash buyer went.  The process was very smooth and painless and I am sincerely thankful for their services.