Buy With Renting in Mind
If you are buying a home to use as an income property then you obviously, first and foremost want to make sure it is a good, sound investment. Check the structure for any potentially expensive problems. Once you’ve cleared that hurdle, however, it’s time to think like a renter.
Thinking like a renter is easier than you might assume. After all, they want the same things in a home you do – room for family and friends, nice amenities, and great location near schools or area entertainment. You need to decide on who your ideal renter will be, whether that’s a family, roommates, or single renter. This will help cialis generic guide your buying decisions as well as any upgrades you decide to make to the property in order to maximize your investment’s potential.
If you aim to rent to families, pick a home with at least three bedrooms and two bathrooms that is near schools or even a park, if available. Check out the neighborhood by night and day. Are the neighbors noisy? Is there a lot of traffic? Renters will check this out before signing a lease with us, your property management company, so you should, too. No matter who you identify as your ideal tenant, think like a renter when you buy your next investment.
Tags: Owner Tips