Getting on the property ladder is easy to do, but hard to be good at. You need an eye for the market, to know what’s going up in value and what’s decreasing. The market itself is pretty stable and will continue to be, but what properties within the market are going to make you the most money? Well, if you keep reading, you’ll find out!
A lot of people in the USA, and indeed all over the world, live in detached houses. They range in bedroom size from 2 all the way up to 20 if you’ve got the pocket for it, buy what makes just your regular house such a good buy in today’s market? Well, it’s because they are not going out of fashion anytime soon; markets work off of supply and demand, and there is always a high demand for detached houses. People will always want to live in them, and you can make money off them. By buying them and renovating them you can add tens of thousands of dollars onto the value of the property because people are going to pay for the renovated state, so if you’re wanting to make some money then buy a house that’s in a bad state, fix it up and sell it on!
Modular houses are an emerging popularity within the market, and for a good reason. Metal homes are cheaper to build than regular homes because there are less pieces to use as it’s made out of sheet metal. This also means that modular homes are much more resistant to the wind and rain than wooden houses, so in the event of extreme weather you’re going to be safe knowing that your house isn’t going to go down on you! And the best part about them is that they’re easily modifiable; you can add parts onto the house with ease, all you have to do is find the metal to do it! It’s good to get ontop of these now as they’re going to soon shoot up in value, so have a look at them!
Apartments are always going to be in demand, but where? Well, in big business cities like none other than new york city. If you’ve got a lot of money to throw into an investment, this is where you’re going to make the most of it. Apartments in NYC are incredibly valuable, and if you can get your hands on one you’re looking at a gold mine that’s ripe for the taking! There will always be a demand for these properties, so it’s good to get one if you can and rent it out because you’ll gain a lot of money for it as people are always looking to live there!
All of these property types will earn you lots of cash. Jump on the metal home bandwagon quick to get a stake in the emerging market, buy a regular detached house and renovate it because they’re always in demand, and if you have the luck and money to do so buy an apartment in NYC! However, if you’re in the market to just buy a house, read this to know how to reduce to monumental costs of buying a property.