Busy streets or intersections
Noisy or messy neighborhood
To many stairs in the property
Industrial development in that area (noise and air pollution)
When you go to check the property you intend to buy, pay attention to the surrounding areas.
You should find out the year the property was built. This will help you assess the repairs that will be needed.
Before buying any property you should thoroughly check the property.
Never pay too much for your investment property.
Buy properties from motivated sellers.
Only make some changes to property to get the house sold. Making adverse changes will cut down on your potential profits.
Never do the renovations and repairs on your own. This will take a lot of time. Therefore hiring a contractor is the best option- added advantage is that the contractors will get the work done faster.
A Mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront and then makes payments over a set time span until he/she repays the lender in full. A mortgage is basically just a loan for buying a home, and there are many factors to consider when applying for one.