Warren Buffet one of the worlds smartest investors recently commented on Real Estate investment, saying “It’s a totally sound premise that houses will become worth more over time because the dollar becomes worth less,”
The recent housing bubble attests to the “real estate bubble” that was created when people with very little money were allowed to buy houses.
Stock investment has out performed property investment according to Investor Warren Buffet, who stated, “All things considered, the third-best investment I ever made was the purchase of my home, though I would have made far more money had I instead rented and used the purchase money to buy stocks,”
Barrie and Orillia have again been identified as among the most promising places in Ontario to invest in real estate. The list appears in Top Ontario Investment Towns, a 102-page report prepared by Real Estate Investment Network (REIN), a Western-Canadian based research organization. The report analyzes the current and future prospects for real estate investment opportunities in Ontario.
Don Campbell from REIN recently gave this advice to investors who were looking to sell or rent properties. Other decorating and renovating tips include:
On the interior of your home do small but simple items like replacing outlet and switch covers with new white ones. Putting lever controls in bathrooms and kitchens is also a winner with the decorator.
To increase your curb appeal install new exterior doors and mailbox. Even installing new house numbers can increase curb appeal.
These simple and cost effective decorating and renovating tips can be the difference between selling or renting your investment or not. Separate yourself from your competition.
Prior to purchasing a property call Barrie Home Inspections for properties located in Barrie or Orillia. Roger Frost is a Certified Building Code Official and has performed many investment inspections for REIN members. Who ever you choose for an inspector ensure you check their qualifications as there are many people who are just trying to ride the “Gravy Train”.
Remember when buying a property the rule of thumb is Caveat Emptor – Buyer Beware
Learn more about investing in Commercial Buildings at Commercial Building Inspector. Stop by www.commercialbuildinginspector.com where you can find out all about Commercial Property Inspector tips and important information.