Thomas Realty Vancouver

 

Real estate as an investment

When you look at the Greater Vancouver Real Estate Board graph on property price you may see a detached single family house worth   less than $100,000 in 1977 is worth 1,173,000 in 2010, increase of 1173 percent. Condos too appreciated its value.  Of course the rise is not smooth there were ups and downs based on the local and global economic trends. Choosing the right property investment strategy can be achieved by matching the right real estate with the right investment plan. The profit depends on capital gains and the positive cash flow returns.

The appreciation of a property usually depends on the location, its view, proximity to facilities, neighborhood, quality of building, improvement etc

Your net income depends on the rent minus the cost. If the tenant is looking for more facilities, give the home more facilities and charge extra. This will increase the return. For example in a poorly ventilated area, installing a fan will increase the comfort of the tenant, and the landlord can charge little extra. Both are in a win-win situation.

There are many ways you can invest in property.

1)   Buy and Hold:   Buy a property, hold it and rent it out. This will give you a property appreciation and rental income.

2)   Renovations:    Make money by adding value through improvements

3)   Flips:  Buy a property and then sell it again before title transfers into your name.

4)   Lease options:   Lease a property with an option to buy too


You don’t need to be a scientist to figure out what is best for you. A good real estate agent can guide you through this.
You need to buy the right property, at the right time and at the right price. Here you require the guidance of a knowledgeable realtor who can assist you to find the best property. 

To achieve a successful investment you need a professional team consisting of:

1.   Knowledgeable real estate agent who can guide you to investment property.

2.   Tax expert or accountant who can explain the tax issues.

3.   Lawyer or notary who can guide you through the legal aspect

Your real estate agent may have a team of experts.