Real Estate Investor's Guide
Explore what it takes to start investing in Real Estate, and
Contact Nathan
when you're ready to start the process.
CALL TODAY · (423) 417-2111
Explore what it takes to start investing in Real Estate, and
Contact Nathan
when you're ready to start the process.
Where your property is located immediately adds or subtracts from it's value. From vacation homes to living quarters... picking a prime location is always key and something Nathan can help with.
Rental Investments usually require a higher down payment than your standard family home mortgage (15%-20%). Down payments are determined by credit score, income, & debt-to-income ratio. All are things Nathan can help you with.
When measuring your Return-On-Investment (ROI) for your rental property... it's best to use this 1% Rule. Every month, you should be set to bring in NO LESS than 1% of the price you paid for your rental investment property.
Making accurate projections for expenses surrounding your rental investment is a major component to investing wisely. Some of these expense are fixed, but oftentimes, they are not. While it is not always possible to measure expenses with complete accuracy... Nathan can provide you with key insights & expense planning to ensure you're ready for anything while also staying profitable.
How hands on do you want to be with your property? If this is one of many investments... it very well could make sense to pay a management company or use a tenant to bet setup as your landlord. By freeing you up, you can now focus on other investments and continue to expand your portfolio. Nathan has excellent solutions on both fronts!
As with any investments, there are risks involved that must be addressed. Considering them all with a professional Risk-Benefit Analysis is what will truly allow you to determine if the property is right for you. Nathan can help you address all risks and the potential benefits to help you make the best possible decisions with any real estate investment... especially rentals!
There's a reason investors focus on the Kichen above all else when implementing home imporvements. Kitchens have become the central gathering place in homes and where most buyers/renters look first. This is a great starting point for home improvements, but knowing what to renovate and how far to take it is key to getting maximum ROI. Nathan can help you focus on what's important... and save more of your budget for other improvements that provide more value.
Bathroom come in as a close second to kitchens when implementing home improvements. Allocating resources can be key to getting the most out of your investment, and you can oftentimes simply replace fixtures, cabinets, & hardware can be a great way to increase value with little additional investement. Savvy realtors like Nathan know how to look out for this and advise on the best course of action to preseve your budget while getting the most out of your investment.
Sometimes, the most basic home imporvements can make the biggest difference. A fresh coat of paint can make all the difference. Ensuring the flooring is new and good shape also goes a long way. These are two staples to any real estate investment that always maximize ROI at very little cost to your budget.
You don't get a second chance to make a first impression. Focusing on minor landscaping needs like fresh cut grass, mulched gardern, and even a potted plant by the front door can help incentivize buyers by helping show the possibilibies. Sometimes... it's the little things.
No one wants t live in a dim, dark cave. Having enough lighting is very real focus for saavy investors. The quantitiy of lights can help alleviate this need cost-effecitvely, hoewver, the quality of lights can make a big difference. Trendy, dimmer swithces and lighting options per room can help increase the value of your investment.
Your investment will bring in much more if the property is energy efficient. The accumulated savings are attractive to any buyer/investor, and will help you justify a higher price tag. The money they'll save over decades of living in the property in comparison to your higher price should be nominal so investing in energy efficiency is also key to success with you rinvetment.
Although adding onto a home should never be your primary tactic to get more out of your investment... it CAN make a huge difference in your ROI. Many properties are set up to easily add on, and Nathan can help you identify these opportunities in the home shopping process.
What home imporvements are most profitable for you investment? The answer is it truly dependso on your market and the property you're considering. There are many variables to consider, but consulting with a quality realtor like Nathan on the how to best cater to the market is probably the MOST important thing you can do before strategizing or making any home improvements. Contact him today to help juggle all of the variables and examine the market. He'll ensure the process goes swimmingly and ensure you make much more off of your investment than you would going it alone. This is one step you can't afford to skip!
TN Livin seeks to provide the best possible experience for guests visiting the East Tennessee area. There is nothing more reassuring and calming, than finding a place that feels like a second home on your travels. We aim to give you thought through your experience with us. Contact Us if we can do anything to help in that process.
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