The number one rule in real estate investing

The number one rule in real estate is not always "location, location, location" - the number one rule is often that over the long haul you want to make money,  You want to keep expenses down.  When purchasing your principal residence, you want to be mindful that there are both buying and selling costs; and that sometimes you can save money by not moving as frequently.

Nearly 80 percent of baby boomers say they would like to stay put in their current home for as long as they can. Yet, many homes aren’t built for aging or accessible for those with disabilities. As such, nearly 60 percent of boomers (45-64) said they intend to relocate to a one-level home and nearly half said they’d be looking to downsize, according to a poll conducted by Opinion Research Corporation for AARP
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Due to the aging of our population, single level homes might be better for resale - not the four and five bedroom homes, but two - three bedroom homes that might also have appeal to seniors.

 

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