Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Real Estate: Reasons and Priorities for Purchasing Property



Real Estate: Reasons and Priorities for Purchasing Property. It's not just about Real Estate as an Investment.

By Jody Hudson www.JodyHudson.com

Real Estate can be a great investment with unusual appreciation. We have had several years years of exceptional annual appreciation.

We are still having great appreciation, perhaps as much as 20% annually in some areas. But, it is not as extensive nor as much as it was. Real Estate as an investment can be fairly good to best in the world -- but it is an investment that is best viewed over the long term; There can be long periods when it does not go up in value much, if at all. Taken over a period of decades or even centuries, nothing on earth beats it.

Another problem with real estate is that it is not liquid, that is, it is not easy to convert to cash -- like stocks, bonds, and savings accounts are. Real estate is particularly non-liquid during a downturn in our markets. You will

not likely hear this anywhere else, especially from other Realtors, but real estate is not a great investment, it is usually a good investment but not always, and not all the time -- when looked at short term.

Too many people buy real estate as an investment and forget that there are other reasons to buy. I suggest that you will be much happier if you purchase real estate for use and for lifestyle rather than as an investment, when it comes to your place of residence or your second home. Perhaps it should be almost entirely about lifestyle. After all, a primary residence or a second home should be a place to enjoy a lifestyle that allows you to relax and wind down from the rest of life.

If you live a very public life, one where people are always seeking you out, where you are always in the light of public scrutiny and often in the press for instance; if your normal life is one where you must always been on your best behavior and always crafting each word and action for it's best value - then perhaps a private place, away from others, a place where you don't know your neighbors, is just right for you. There are some communities that are unique. There is one just for you!

Perhaps the lifestyle you want is right in the middle of everything. Take a look at various properties for sale. Each of these properties has it's own personality of location and lifestyle. Ask your Realtor for lifestyle particulars about any of them. Most importantly, visit them on your own and find out from the other residents by meeting them and asking. Weekends are a great time to walk the area and speak to those working outside!

One of the things I try to convey to people who are at stages in life where lifestyle is really the only reason to purchase a home -- is to think about only "lifestyle". Are you really trying to buy an investment that will appreciate over a period of time so that you can sell it for a profit in the future? Or are you trying to settle into a lifestyle that will allow you to enjoy your home and surroundings and other aspects of your life?

Perhaps your other investments are in place, you are seeking a retired life and you wish to enjoy the lifestyle of a million dollar home, but don't want to take that money out of liquid investments, that you might need to access. In such a case, you might want to purchase a home on leased land. The owner of the land will get the appreciation but you can save, in some cases a million dollars or more, by getting a home on leased land. In some cases that might be a mobile home or manufactured home on rented or leased land. In our area of southern Delaware, most of the people living in land-lease communities do NOT look at the home here as an investment! They have investments.

Perhaps your perfect lifestyle home will not appreciate in value much or at all... at least not in the short term. BUT as long as you keep your home in top shape and are in a desirable community, you are most likely not losing anything at all. If you are considering a community that involves leased land, or "ground rent" as some folks call it, then consider what else you may be getting out of the deal.

Here and in other areas, some land-lease parks or communities allow you to live life like one of the wealthy without paying for it and without time and cost of maintainance. You may get benefits such as swimming pools, private beaches, marinas, tennis courts, grass cutting, trash removal, daily or hourly security drive-bys, etc. The communities that I know of that are in "fee simple", that is where you own your own land, do not provide all of these benefits, (though I do know of many that provide some).

Consider what it is you want out of home or out of a vacation home. If low maintenance is a priority for you at this point, the manufactured home community may be the best choice, perhaps. Also, you need to consider how much you are willing to spend on a vacation home. This will hold a major bearing on what you will eventually purchase. There are many options for people who are in your situation. You just need to balance your wants and needs in priority order. Next, consider your finances. There are many desirable factors in owning each different type of residential real estate. All we ask, is that for YOUR improved happiness, please consider Lifestyle instead of only investment appreciation!

Copyright 2004 by Jody Hudson
Other articles by Jody may be found at
http://www.kate-jody.com/essays/index.html

Jody Hudson: MrJodyHudson@earthlink.net and www.Kate-Jody.com

Jody Hudson was raised as a farmer in Delaware. In 1969 he and his father began "planting houses instead of crops" on the land. It was far more profitable. In 1972 he got a real estate licencse. In a few years he became the youngest real estate broker in Delaware history. In 1982 he was selected by Who's Who in American Real Estate as it's youngest member at the time. He has created about 40 residential communities and sold real estate in Delaware and across he nation. He has written several valuable articles http://www.kate-jody.com/essays/index.htmlfor you. Enjoy!


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Wall Street Journal

Search for Amazon HQ2 Sparks Real- Estate Speculation
Wall Street Journal
Plenty of real-estate investors are poised to buy property in whichever city Amazon.com Inc. picks for its second headquarters. Some aren't waiting. Speculators are raising funds to invest in real estate near the winning site—wherever that may be—or ...



Forbes

5 Key Steps To Retire Early With Real Estate
Forbes
He retired early, 36 years old, because of his real estate investments. No, he didn't inherit massive wealth from his father and invest it in hotels and golf resorts. No, he didn't become a real estate mogul under the tutelage of a billionaire. He's ...



Forbes

Real Estate Loans Built Up Bank OZK's Reputation. Now CRE Write-offs Are Sending Shares Plummeting
Forbes
Bank OZK lost more than a quarter of its value on Friday after the Arkansas-based lender formerly known as Bank of the Ozarks wrote off about $46 million in commercial real estate loans on two unrelated projects in North Carolina and South Carolina.

and more »


Forbes

Property Taxes And Local Government Are The Keys To The LA Real Estate Market
Forbes
Have you ever opened your property tax bill and, after looking it over, wondered how they come up with that amount? Or, who "they" are? Maybe you called the tax collector's office and complained that your taxes are too high. You were likely directed to ...

and more »


Does climate change affect real estate prices? Only if you believe in it
San Francisco Chronicle
11, explored how residential real estate prices are impacted by beliefs about climate change. Using a novel set of data, we were able to uncover a relationship between differences in beliefs about the occurrence and the effects of climate change – that ...



Press & Sun-Bulletin

How much? Broome County real estate transactions
Press & Sun-Bulletin
Real estate transactions for July 29-August 4. BROOME COUNTY. Barker. Matthew Conklin sold 593 Pendell Hill Road to Benjamin Geertgens for $140,000 on August 3. Binghamton City. Thelma G. Whitehouse sold 24 Milford St. to Joseph G. Southee for ...
How much? Steuben County real estate transactionsElmira Star-Gazette
How much? Tompkins County real estate transactionsIthaca Journal

all 5 news articles »


Sarasota Herald-Tribune

REAL ESTATE PEOPLE
Sarasota Herald-Tribune
Coldwell Banker Residential Real Estate has named Dawn McClure as the new branch manager of the Manatee office, where she will lead about 28 independent sales associates. McClure has worked in real estate for 36 years. Before her career in real ...



Real Views (blog)

How drones are covering new ground in real estate
Real Views (blog)
A big part of that includes real estate and construction, with the sectors expected to pump US$265 million and US$11.2 billion respectively into drone technology over the next few years, according to the global investment bank. Their ability to collect ...



Crain's Chicago Business

The Chicago real estate market in one word: meh
Crain's Chicago Business
When it comes to real estate, Chicago isn't one of the cool kids anymore. The local real estate market ranked 49th out of the 79 biggest U.S. real estate markets in the annual “Emerging Trends in Real Estate” survey, down from 42nd last year and 19th ...



Wall Street Journal

Goldman Sachs Unit Buys its First Stake in Real-Estate Management Industry
Wall Street Journal
A unit of Goldman Sachs Group Inc. GS -0.71% that specializes in buying stakes in alternative investment managers has made its first purchase in a firm that's dedicated to real estate. The unit, Petershill, acquired this month a minority stake in ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA