Is a Charlotte Home Purchase an Investment?
You’re darn skippy it is! Think About the Future When Buying Charlotte Real Estate
Buying Charlotte real estate should be considered a long-term investment that will affect you for decades. When you are looking to buy a home, it is important to think about not just what you are looking for now, but what will be the most advantageous situation for you in the future–financially. It is truly all about the resale when it comes to buying Charlotte real estate!
Of course, it is impossible to predict the future accurately, as times change and unexpected events can occur. However, when you are buying a home, you should do your best to think about what your future needs will be and how the area could change over time.
How Will Your Household Grow?
Think ahead to the next few decades and consider who may eventually be living in your home. You’ll want to make sure the home has enough bedrooms and baths. Do you see a future need of a large backyard? Will you need a bedroom on the main level for an aging parent?
How Will the Neighborhood Develop?
When it comes to buying Charlotte real estate, it is worth finding out more about the future of the neighborhood. If there is a large development, such as a block of apartments or a shopping center being planned, you should ask your Realtor® how it could affect housing prices and the overall feeling of the area.
Although you might not be considering selling the home for years, it is still important to think about the resale value. Does it have enough bedrooms and baths? Does it have a good layout? Is it in a good location? Imagine yourself selling the home and think about what buyers will be looking for.
Planning for the future is important when you are buying a home. Although you cannot predict exactly what will happen, make sure that you look ahead to all the possibilities when you are investing in Charlotte real estate.
Ask your Charlotte real estate agent to share with you the data which demonstrates particular homes and Charlotte neighborhoods with excellent resale values. Sometimes it may be worth purchasing just a bit higher priced home to get into a Charlotte community with consistently higher than average resale values.
If you have any questions or want to find out more about purchasing a home, please call me at (704) 491-3310 or email me at SavvyBroker@me.com. Read our latest article regarding supply and demand in the Charlotte housing market.
© Debe Maxwell | Savvy + Company Real Estate | SavvyBroker@me.com | Charlotte Real Estate Q&A | Is a Charlotte Home Purchase an Investment?