It’s the beginning of a new year and that means new opportunities, especially in the real estate world.
You can buy another house, purchase a vacation home, or invest in rental properties or commercial real estate.
Are you unsure which route is right for your long-term wealth and goals? This is how you choose the right property for your long-term goals and wealth.
Do a financial assessment. First, determine how much money you are willing to spend. Keep in mind the long-term and upfront costs as well as maintenance and upkeep of the property, especially if you aren’t there often.
Be aware of your travel and work plans. Do you plan to travel abroad next year? Are you more focused on work than ever? Or are you looking to take the time to relax and enjoy your life more? These details will help you find the best property type and location for your purchase.
Create a list of all your preferences. Get a clear picture of your goals. You may have to compromise in today’s market to find the right property. Having a clear picture of what you want can help make the process more straightforward.
Be patient. Although competition may be fierce, it should not force you into making the wrong decision or make you compromise on what is important. Although it’s not always easy, be patient until you find the right property for you.
Are you looking for a property to buy this year? Contact us to discuss the property you are interested in.
This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach. Looking for a condo at Paramount Fort Lauderdale For Sale? Contact us today!