How to pick the best Real Estate Investment


How to pick the best Real Estate Investment

Tags: Buying a Home, Real Estate Investment, Tips

Real Estate is my business. It is something I love to talk about. Whether it is talking about the Real Estate market in the Greater Toronto Area, or giving advice on buying and selling a property, I am always in for a chat about this exciting industry. So when I saw the interesting column of Talbot Boggs on about choosing your real estate investments carefully, I was intrigued because this is a very important topic. That is why I decided to make this blog with some tips on how to pick the best Real Estate Investment.
It is a dream of many to buy property at a cheap price, and sell it at a high price afterwards. Or buying a property and renting it out so the mortgage pays for itself and there is some income on the side too. All great ideas, but stepping into the market as a first-time investor can be daunting. There are a few things to take in consideration first.

Type of home

Choose the type of home you want to invest in. Is it a detached home, semi-detached home, condominium, or a townhouse? Decide on this first. This can be done by keeping an eye on the market. What kinds of properties are mostly sold, in case you want to buy and sell quickly? In a previous blog I mentioned why the time to sell a condominium was right. This was based on market figures. Do your research. You can also sign up here and I will send you a monthly Market watch, in which you can see the movement of the Real Estate Market.

Location, location, location

Location is everything. You might want to look at properties in neighbourhoods that have great potential. There could be plans to build a new mall in the area, or a GO station, or new landscaping. These are all things that you can take in consideration. For example the Charisma project in Vaughan is located in an area like that. The area is growing, which makes this project a good investment opportunity.

Check your finances

In my blog about finding your dream home, I talk about finances. It is so important that you know what kind of mortgage you want to apply for. Fixed rate loan or a variable rate loan way of all options before you decide. As quoted from  ‘Over time variable rates have proven to be cheaper, but selecting a fixed rate loan at the right time can really pay off. Remember that rate usually rise in line with property prices, so increasing interest rates are not always bad news for property investors as they have more than likely had a win on the capital gains front.’
Another thing to consider is to calculate the income you will be getting if you decide to invest in a property and rent it out, or decide to buy, flip and sell, it needs to be worthwhile.

Get in touch with a professional

These are just a few tips. Of course, there are much more! The best thing to do is to get in touch with a professional, who will guide you on the Real Estate Market. My team and I can provide you with the help you need. Just contact us for an introductory appointment, where we will explain what we can do for you and how we will make your Real Estate Investment venture in the Greater Toronto Area a success!
Nick Caccavella