Whether you’re purchasing an investment property to flip or hold on to, or purchasing a property for personal use, you will want to consider these three factors.
Is the area where you’re looking to buy gaining or losing population? You may be able to get more acreage per dollar by buying in a region that’s depopulating because there’s less demand. Why would you want to do this? One reason may be that you want to stretch your dollar, another is you’re expecting a boom over the next ten to twenty years and want to invest long-term. Whereas a growing population means a higher price due to more demand, but a faster return.
Amenities and Demographics
What kind of people live in the town or city where you are thinking of buying? If you’re going to be living on the property or reselling it, you want to know …