Real Estate Investment Considerations
Some people say buying a home is one of the most stressful occurrences which can happen in your lifetime. In fact, University Hospitals ranked it in their top five most stressful life events, along with the death of a loved one, divorce, major illness or injury, and job loss; so it is no wonder the decision to move comes after a great deal of time and ample consideration. We all strive for a dwelling where we can rest our weary heads and get a good night’s sleep. The goal, at least for most, is to live in a space where our health, happiness, and job security thrive. To find a house where family and friends are welcome to enjoy our company and you can kick up our feet at the end of a long day. It is a place where memories will sprout and grow for years to come. But finding a house which marks off all our desires can be challenging.
The current conditions of our economy in the United States are prospering leading to more and more people finding a heightened sense of workplace security and ease when it comes to their finances. As the DOW and NASDAQ climb, investments and retirement funds grow with a pace, unprecedented since the recession. From coast to coast individuals and families alike are opting to transition from rental properties to owning their own home.
Choosing to invest your hard-earned dollars in real estate can be tricky, and it certainly comes with its fair share of challenges, especially for a novice investor. Here are some factors you should consider before signing your name on the dotted line:
1. Short- and long-term investment potential. Some people buy a home with the strict understanding it will yield a return when they list to sell. Others, purchase to create a life, for a long foreseeable future. If your objectives align with the former then you need to do a careful analysis of the property and its assets:
Does the parcel of land include a preexisting structure like a house or building?
Is there a notable landmark on or touching the property, for example does it have a dock on a lake or does it sit next to a public park?
Could natural resources provide additional income streams? This would include things like gas or water wells.
Do you have plans to build or renovate the existing dwellings or structures and is the property zoned in accordance with your plans?
2. The level of maintenance. Each property requires a certain level of care and it can range from easy to moderate or something very difficult. The vegetation, location, weather, homeowners associations or regulatory bodies, or the age of the property all play a factor in the equation.
3. Buy or Build. If you are in search of a more traditional home there are two significant factors to consider - should you buy a preexisting house or build a home? Both options have their advantages.
Several benefits of buying include the convenience of understanding what exactly you are buying and the total cost and overall timeline.
Some of the advantages of building include increased options for customizations and more modern fixtures which are up to code and environmental specifications.
Whatever you decide is the right investment for you and your family, you obviously want the comfort and protection of knowing there are trustworthy partners who will walk with you through the process from beginning to end. Experts who are leading the industry in their respective field and have a proven history of excellence and customer satisfaction. One of those companies is JT Magbe Contracting, LLC. J.T. Magbe specializes in increasing the value to your property through heavy civil construction which includes all forms of site work including grading, demolition, excavating, utility pipe construction, such as sanitary sewer, water and storm sewer; retention-detention pond maintenance, clearing, brush mowing and forestry mulching.
J.T. Magbe is located in North Georgia and they have serviced the North Georgia and Atlanta areas for over 20 years. The depth and breadth of their experience include work on commercial and individual/residential lots, so they are the right partner for almost any type of real estate buyer. J.T. Magbe prides itself on helping their client’s properties reach their full potential by manipulating the landscape to maximize it and start laying the foundation for a beautiful home and yard. For example, new landowners with plans of building on a lot might be interested in forestry mulching, brush mowing, and land and tree clearing services. J.T. Magbe Contracting does the job with only one piece of equipment, and they do it quickly, efficiently, and they keep the area clean with no leftover piles of unsightly debris.
Wherever you are in the home-buying process, contact J.T. Magbe so they can be your ally along your path to purchase. They can help you evaluate the land for short- and long-term investment potential, prepare it for building, demo preexisting structures, or simply mow back overgrown vegetation to revive the beauty of neglected and untreated lots. If you plan to take the plunge into homeownership and build a house, then you need to trust experts who can be a partner throughout the process, like J.T. Magbe.