Home buying tips

Buying Real Estate as An Investment Vs. Home – What’s the Difference?

Are you thinking about buying your first home in the Austin Texas area but people are also telling you that you should also look at the investment potential of the property as well?

The good news is that you can indeed move forward with purchasing your first home while at the same time looking for things that will make it an ideal investment property when you follow the tips in this article.

Image credit - http://maryannefiorita.com
Image credit – http://maryannefiorita.com

How to Make Sure It Will Be A Great Home

When purchasing your first home you should first review your credit and clean that up before applying for a mortgage loan because your score will ultimately affect what interest rate you will be paying over the lifetime of your loan.

After reviewing your scores, you should shop around for a mortgage loan and make sure that you choose a mortgage lender who offers you the best terms.

Before choosing a home, you should establish criteria that you’re looking for in a home-like bedroom, bathrooms, square footage, location, and amenities because you want to buy a home that’s going to be a perfect fit regardless if you live there for five, 10 or 50 years.

How to Buy A Home That Will Be A Great Investment

Once you establish what you’re looking for in a home you should also learn more about the criteria that will make it a great investment property.

What makes a home a perfect investment property is criteria like location, amenities, neighborhood, jobs market, area safety and most important of all, the school district. The good news is that you can easily review all of this information online and know everything there is to know about the area where a rental property is located before you purchase it.

Search for Homes in Austin Texas

To search for homes in the Austin Texas area, contact me today by calling (512) 944-7378 or click here to connect with me online.