Build a House and Maximize your Investment

Build a House and Maximize your Investment

Article by Ben Harris

Build a House and Maximize your Investment ? Real Estate

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Most tangible items depreciate in value the second you buy them. For example, new cars loose value when driven off the lot. Computers are outdated the next week and cell phones the next day. However, if you take the correct steps in building a home, homes can appreciate in value soon after the home is built. For many people, their home is their largest investment; it can also become their largest financial asset. New homes are typically worth more than existing homes. Therefore, by building a new house one can maximize their investment by choosing the right lot location, picking the right home features, and building at the right time.Choosing the right building lot location can add thousands of dollars to the future appreciation of your home. All cities have community locations that are more desirable than others. This is why some parts of town are more costly to live in than others. If, for example, there is a new anticipated community breaking ground for residential building lots, it would be advantageous to be one of the first homes built in the neighborhood. Generally, as the neighborhood grows, the lot values increase which gives the first homes built instant equity. In addition to building in the up and coming subdivisions, it is also important to not build a house that is substantially larger or more expensive than other homes in the neighborhood. Also, avoid building near busy roads, telephone lines, and on odd shaped lots.When building a home, it is important to furnish the home with appropriate products and materials. Many people will add expensive home furnishings thinking that an appraiser will value their home higher. In actuality, appraisers do not give as much credit as they should for upgraded products in a home. Appraisers simply look at the square footage and compare the homes? pricing to similar homes in the neighborhood. However, it is good to build a home to appeal to future buyers, but this does not mean going over the top. For most buyers, granite counters, stainless steal appliances, nice cabinetry, and solid wood floors will suffice.Timing is everything when trying to gain a solid equity position in a home. In todays down economy, the real estate market is slow, this creates a perfect opportunity to build a home knowing that the real estate market will soon correct itself and provide for a great opportunity for home appreciation, for those who bought at the bottom of the market. On the contrary, it is a poor time to build when the market has been strong for many years. With many years of strong real estate comes a slowdown that must be avoided by new home owners.Unlike many investments, the building of a new home can allow for future appreciation on your investment. Many of the wealthiest Americans gained their riches through real estate. For most people, a home is their largest investment and should likewise be their largest financial assets. If one chooses the right building lot location, the right home features, and builds at the correct time, he or she can maximize their investment by building a new home. Please see this link on how to build a house for more information on home building.

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Please see this link on how to build a house for more information on home building.

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Ben Harris

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building a house

Tags: appropriate products, Business Finance, Author Guidelines, solid wood, Investment Article, Investment, Build

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Source: http://www.mybuildingpro.com/building-cost/build-a-house-and-maximize-your-investment/

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