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Investment Real Estate >Location And Value
One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.
Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.
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What is the average price for a home in the United States?
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| A |
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
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R. Ashley Brunner Prudential Lancaster Real Estate 100 Foxshire Drive Lancaster PA, 17601 Office: 717-291-9212 Fax: 717-393-2336 Ashley Brunner Cell: 717-380-4212 Ron Burkhart Cell: 717-283-8356 Sharon Burkhart Cell: 717-283-8355 Email: info@BrunnerBurkhart.com Ashley: Ashley@BrunnerBurkhart.com Ron: Ron@BrunnerBurkhart.com
As established top producing agents, Ashley Brunner and Ron & Sharon Burkhart bring 19 years of real estate experience to the Brunner Burkhart Group. Each prides the Brunner Burkhart Group on continuing to work to help people achieve their Real Estate goals. 
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