Doing your homework before you buy can ensure you have the right property for your Orlando real estate investments portfolio!
While it isn’t entirely the case, the real estate market can be at least a somewhat predictable investment. Knowing how your investment will – or won’t – perform for you can be based in part on certain economic trends as well as on local factors. However, if you know what to look for prior to purchasing a property, it can also be easier to predict whether or not a certain time is even right to buy.
This is because first, the changing economic variables can – and oftentimes do – have an effect on the price of housing. As an example, an increase in gross national product, or GDP, can be a driving factor. It has been shown that even just a 1% increase in GDP can be linked to a rise in real housing prices of between 1 and 4% after roughly three years.
Interest rates can be another key criteria. Here, a decrease of approximately 1% in rates over the short