Investment houses should be selected to avoid the following houses as much as possible.
One. Houses that are old, have high maintenance costs, low investment returns, rising holding costs, and little appreciation potential. Especially the old apartment houses. If these old houses are close to or over fifty years old, and if they are not supported by major favorable factors such as school districts, then it is recommended to avoid such old apartments and choose to invest in newer single-family houses with high rental reporting and appreciation potential.
Second, houses with real estate taxes higher than the average of the city or neighboring cities. Some houses even come with an annual mandatory special construction fee similar to the property tax, and if these houses are within the school district, there is no significant advantage in terms of safety index and public facilities compared to the neighboring communities with lower property tax rates. As in the case of a house in a 94531 postal area, some of the land tax rate is as high as 1.75%, while most are at 1.25%.
Third, the charter property investment program that offers returns of up to 8% or more as bait, this is the time to be careful, their purpose may be to want your principal.
Fourth, the community blind investors are numerous, however, the real life demand is not enough, there is no good development prospects of the community a little do not blindly follow the crowd.
Five, the house itself has problems
If there is a problem with the house itself that causes the property to depreciate in value, there are communities where banking institutions do not offer mortgage loans for various reasons such as the structure of the house, which can cause problems for future sales. Some buyers do not realize the seriousness of this problem and think that the problems of the house itself can be solved by renovation and remodeling, thinking that redecorating the house will give it an upgrade and more selling points when it is sold again. In fact it is not that simple, first of all renovation and remodeling needs government consent, some houses will not allow remodeling, even if the government agrees, renovation people will be very expensive and the cycle is long, during this period insurance and taxes but to pay as scheduled, some cannot predict and control the cost.
Sixth, houses with dead lawns or weeds around the house; houses severely damaged by termites and mold, such as houses with structural damage due to marijuana cultivation; houses with unreasonable structure or serious structural damage (such as foundation tilt) or too dilapidated, houses with expired hardware; houses with high energy consumption; houses with too low and poor lighting, houses that banks do not accept mortgages; houses without houses with garages; houses in litigation; houses with high property charges but low management levels ......
Therefore, if you encounter any of these problems, investors are advised to avoid them!
- Previous article
- How do I use my Credit Card Wisely?
- Next article
- Do you Know how Homeowner's Insurance Works?
How to Choose a Credit Card That Suits you?
Do you Know the Purpose of Auto Insurance?
How Should I Pick my Insurance?
BY Little Grapes
How Much do you Know About the Hidden Costs of Buying a Home in the US, Apart From the Down Payment and Mortgage?
How do I use my Credit Card Wisely?
It is Best to Consider These Factors When Buying a Home.
What is home insurance vs. home warranty? Is it necessary to have one or not?
What is the Best way to use Credit Cards?
If you had Enough Money, Which Country Would you buy a House in?
Common Types of Homeowner's Insurance.
No Need to Worry About Buying a Home in the US, you Just Need to Know These Steps!
Do you Know About Business Credit Cards?