Everybody knows that to be successful with any type of investment, you need to buy low and sell high. For this reason, many people ask me about when is the best time to begin investing their money in the Des Moines Real estate market. Lately, I have been singing it from the rooftops that right now is a fantastic time to invest in Des Moines real estate! Whether you are brand new to investing in real estate or looking to expand your empire, here are four reasons why now is the right time to strike.
1. There Is Room For An Increase In Property Values
From a big-picture standpoint, the first thing that you need to look at when considering investing in the Des Moines real estate market is the current state of property values. Even if prices seem to be on the higher side you need to analyze the potential for property values to rise even further. You won’t always have the opportunity to purchase your investments at rock-bottom prices. However, as long as there is a considerable margin for you to work with the investment will likely be sound.
2. The Job Market Is Growing Stronger
If you haven’t already heard, there are some very exciting things happening in the job sector of the Des Moines economy right now. One of the biggest additions is the anticipated arrival of an Amazon distribution center. This project alone will bring thousands of good jobs to our city which will help to increase the median income, as well as, the demand for housing. Increased demand will play directly into the likelihood of property values taking a swing upwards.
3. A Variety Of Financing Opportunities
Many people think that buying in a depressed market like what we saw during the Great Recession is the best possible time to start investing. However, consider the fact that if you will be needing financing the rules and regulations are far more stringent. Now that the real estate market has recovered and is much healthier, there are far more options and leniency to help you finance your investments. For example, if you own your own business, you now have the ability to get a mortgage to finance your investment property based on your bank statements rather than having to submit two years of tax returns.
4. An Increase In Retirement Costs
If you are constantly looking and waiting for the perfect time to invest you will cost yourself more money then you will make. One of the main reasons that people seek to start investing in real estate is to supplement their retirement fund. As you well know, the sooner that you begin saving and investing for your retirement, the sooner your retirement day will arrive. If you are concerned about the risks, opt for investing in buy-and-hold properties rather than flips.
Ready To Start Investing In Des Moines Real Estate?
We couldn’t be more thrilled for you that you are ready to start investing in Des Moines real estate. In order to get off on the right foot with your first investment property give us a call so that we can help you build a personalized strategy. From there we will save you time and money to identify the most profitable property, negotiate the best price, and handle all of the legality is and paperwork for you.
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