Van Horn Realty

Debbie's Facebook  Debbie's You Tube Channel  Debbie's Linked In

Debbie Van Horn, Broker

Fonville Morisey, Company Wide Associate of the Year

Top Real Estate Agent In Triangle Area, NC

Smart Investing

Smart Investing

Rental properties can be a great long term investment! For optimum ROI, you need to be savvy about location, realistic about expected rental income and understand your costs.

  1. Location – Is the home in a sought after area? What is the growth forecast for the area and are there other expected development projects that could have a positive or negative impact?
  2. Rental Income – What are comparable rentals nearby going for? If in a planned development, you also need to consider association dues.
  3. Costs – Will the home need updates or maintenance before you can rent it? Always good to get quotes on projects!

As an example, my current listing on 2194 Pineola Bog Trail, Apex is in a growing, thriving area of Apex. Current rentals in the town home development average around $1800/month, and there are association dues. This home is pristine – no updates needed! It does have a floored, plumbed unfinished attic so that could be finished if you wanted a larger rental unit.

Of course this is just an overview of the many factors to consider before purchasing a rental investment. I’m always happy to help with your questions!

Sorry, comments are closed for this post.

"By far, Debbie is the best real estate agent I've met. Her knowledge of the Triangle area is unparalleled. She also is a 'beast' as a buyers agent -- zealously does anything in her arsenal to serve her client"
Redecorate on a Budget

Redecorate on a Budget

It’s easy to sink a lot of money into a complete home redecoration plan. Design shows on TV make it look easy to add a pop of color here or a new sofa there. Redoing your home can be expensive, but it doesn’t have to be. Before making a redecoration plan, consider these ideas that can save you money.

Continue Reading