Basics of Property Management: Screening Potential Tenants
Live The Dream: Why You Should Buy A Luxury Home While You're Young
Jesse Obrien
If you haven't taken advantage of the opportunity to buy a luxury home, now's the time to take the plunge. You might not think that the time is right to invest in a luxury home, but that's not the case. Many young couples are foregoing the starter home and are walking right into the home of their dreams. Now that you're ready to buy a home, read the information provided below. You'll find four great reasons to buy a luxury home.
Take Advantage of Your Buying Power
If you and your partner are upwardly mobile, take advantage of your buying power. There was a time when young home buyers were locked out of the luxury home market. Luckily, that's no longer the case. Studies show that millennials make up about 38% of the home buyers in the United States. These home buyers are taking advantage of the power they have and buying luxury homes, rather than the starter homes of the past. Now that you're in the market for a new home, don't settle on a starter home. Move into a luxury home instead.
Increase Your Investment Portfolio
If you're an up-and-coming millennial, and you want to start working on your investment portfolio, now's the time to buy a luxury home. You might not realize this, but buying a luxury home is a great investment in your future. This is especially true now that real estate prices are on the rise. The luxury home you buy today will be worth more in the future.
Get in on the Lower Interest Rates
If you've been watching interest rates, you know that they're still at an all-time low. However, they won't stay low forever. Unfortunately, once those interest rates start to climb, you'll pay more for the home of your dreams. That's why right now is the perfect time to buy a luxury home. Not only will you get into your home before the housing market dries up, but you'll also get in before the interest rates start to climb.
Enjoy All the Upgraded Amenities
Finally, if you're in the market for a new home, make sure you get all the amenities you're looking for. Many of the single-family homes on the market will provide you with some of the amenities you want. However, if you're looking for upgraded amenities, you need to narrow your search to luxury homes. Luxury homes provide you with all the upgraded amenities you want and need. Not only that, but you'll also enjoy a luxury neighborhood.
Contact a local real estate agent to get help finding luxury residential homes.
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For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.