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Laffey Real Estate
Leading Real Estate Brokerage servicing Long Island and Queens - http://www.laffey.com
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I live on Long Island, NY. And, I really like it here.
(”now can I have that treat you promised me?”)
http://laffey.com
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This is a very special four bedroom, two and a half bath, Center Hall Colonial residence on a two acre parcel located in a beautiful countrified cul-de-sac lined with some of Muttontown's most exquisite homes. Must be seen. A short distance from the town of Syosset; convenient to the LIRR, and major highways; relatively low taxes; Oyster Bay school district. See Full Details at http://www.laffey.com/Property/NY/11791/Muttontown/100_Hunters_Dr
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Buy A Home As Your First Investment Property
It is not simple buying your first investment property. There are many factors to consider like mortgage, investment returns, capital growth potential to name a few. Whether it’s a home or any other property for investment, getting your foot into the property market is not to be taken lightly to ensure that you get the property suited to your needs, on the condition that you are looking for and will fit in with your budget.
Here are some tips if you are just starting out on your first property investment:
Investment property research can be very important. When purchasing a property, check out for preferred locations with easy access to schools, hospitals, transport and other amenities. You don’t need to buy a property in a high-priced area of town but it will help if you get familiar with the place. Explore the area by driving around your prospective property at different times of the day to make certain that you are comfortable with the location.
Know your investment expenses. It is unavoidable to maintain repairs from time to time but do not take into granted other expenses that you may incur like utilities, legal fees, accounting, fuel, garbage and/or improvements.
How will you finance your property? If you can afford it then you can pay in cash to elude dealing with banks or worry yourself with loans. Otherwise, you can pay by mortgage or acquire the property through loan. Understand the terms and interest rates and never go for adjustable rate payments which can cause your payments to rise
Should you hire a Real Estate professional? Whether or not you will personally run your property is your choice depending upon your skills and availability. If you do not know where to start, you will need expert advice from a reliable real estate agent who will find the right properties suitable to your investment standards.
Buying a property for investment is a serious business. Eventually, the decision to buy a home or any other property is an individual choice and will somehow depend on your priorities. Make sure that you fully understand the process by seeking appropriate professional advice.
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