As housing prices return to what they were in 2004, appreciation is expected to be a more normal 3-4% for the next couple of years. This should not dissuade investors from keeping their eye out for opportunities to make money in real estate. With the market shifting, sellers are becoming more realistic and motivated. A motivated seller can mean a buying opportunity for an investor.
With commercial properties, investors can’t count on short-term appreciation or a quick flip, but they can expect steady income. In most areas, medical buildings and small strip malls will hold long term value.
Sadly, we can expect to see more home foreclosures as sellers are unable to find a buyer for their property. Anticipate renting these units for 2 years minimum.
Pre-construction incentives on condos, townhouses, and new developments can add up to major upgrades, with good return down the road on resale.
The value of shore and vacation properties should not be underestimated.
With commercial properties, investors can’t count on short-term appreciation or a quick flip, but they can expect steady income. In most areas, medical buildings and small strip malls will hold long term value.
Sadly, we can expect to see more home foreclosures as sellers are unable to find a buyer for their property. Anticipate renting these units for 2 years minimum.
Pre-construction incentives on condos, townhouses, and new developments can add up to major upgrades, with good return down the road on resale.
The value of shore and vacation properties should not be underestimated.
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