How To Build Wealth Through Home Ownership
Washington, DC (WUSA9) — Whether you’re looking to buy your dream home or a piece of property to rent out, home ownership is a great investment. Here are tips from the Real Deal in Real Estate Team.
- Discern your buying power. If you casually browse Zillow or other real estate sites, home values may astonish you. You might think they’re all out of reach, but you just need to better understand your finances. A mortgage lender will be able to look at your income and assets, and determine what you can afford.
- Find an educated realtor. Once you understand your buying power, you can find an agent to show you homes in your price range. Communicate with your realtor other preferences and needs to refine your search.
- Narrow down neighborhoods. Depending on your objective, different areas offer different amenities. If you’re looking to own a rental property, nearby mass transportation may be a concern. If you need to upgrade to a larger family home, school districts would be more of an issue.
This article is sponsored by The Real Deal in Real Estate.
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