Buying Your Primary Home with an Investment-Centric Approach

Many of my clients are primary home buyers. Their plan is to buy a home that makes them happy in a part of town they love. And that’s awesome. 

However, I think it’s important that when you’re buying your primary home, you should be thinking about some other scenarios too:

• What happens if your life situation changes and you need to sell your house - will that be a challenge for you or relatively easy?

• In the future is your property likely to gain in value or stay relatively flat?

• Is there any serious upside or downside to living in your neighborhood?

So when I help you with the primary home buying process, I will of course walk you through all the typical parts of the transaction - from the property value analysis to the offer strategy to the inspection. But in addition, I will help you understand what is happening with the area and where it is going. And if for some reason your situation changes and you need to rent out your property, what would that look like? And on the other side, if you own for 10 or so years, where are you likely to be a decade from now?

I am a big believer in having options. If things change for the worse, at least you’ll have a nest egg or the ability to rent your property and stay a float. On the other end, if things go great and you decide to retire in 20 or 30 years, you can feel confident that you’re going to be in a strong and stable financial place. 

Thinking of buying your first home and need help evaluating properties through an investment-centric lens? Hit me up!