Are you interested in investing in Portland real estate? With its steady population growth year after year and ever-increasing housing demand, there’s plenty of investment opportunity in real estate and home building. But before you jump into in Portland real estate investing, it’s important to understand a few basic truths about real estate investment so you can ensure you are placing your assets in all the right places. Check out these investing tips so that you know you are checking all of your bases before you begin this exciting venture.
Location, Location, Location
Location has heavy influence on how much a property is ultimately worth. The closer to downtown areas, good schools and citywide attractions, the more value a property has. As much as renters care about the amenities of a property, its physical location plays an even larger role in demand. Having a close proximity to desirable areas such as parks, shopping areas, and restaurants will only boost its investment value.
This may seem intuitive, but Oregon real estate investors will benefit from looking for homes that are being underappreciated in the market. Instead of wondering “What’s wrong with this place?” when you encounter a home that with little consumer interest, try figuring out how you can take advantage of its declining price with some savvy investing. With the stock market crash in the late 2000s, scores of homeowners saw their home values plummet. While national home values have been rising steadily in recent years, there is ample opportunity to get secure valuable properties in the current housing market before prices soar once again.
Act Before it’s Too Late
Nothing can derail a good investment strategy more quickly than indecision. It is important to go into the home buying process knowing what your resources are and what you are looking for. When you find something that meets your criteria, act on it.
This is where working with a Portland real estate development group can pay dividends. At Portland Development Group, we have skills and years of investing experience to ensure you feel confident that you have taken everything into consideration before making any big decisions.
Take Advantage of Tax Benefits
It is a simple step that could end up saving you a lot of money down the line. All you need to do is talk to a tax adviser about what kinds of benefits may lay in wait for you when looking into Portland real estate investment. By knowing what kinds of financial benefits you will be able to take advantage of, you can get a better idea of what your long-term investment will really be and how much you can afford to invest.
Portland Real Estate Investing
Taking your first steps into real estate investing can be exhilarating and lead to long-term portfolio growth if you adhere to tried and true property investment strategies. By making sure that you are prepared for the project you are about to undertake, you can set yourself up for plenty of success. Contact Portland Development Group to work with an experienced investment group with years of investment and home building successes in Portland.