Real Estate News: How You Can Tell If The Property Has Potential

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

4/12/2010

How You Can Tell If The Property Has Potential

The best properties to purchase in today's market are properties that need repairs.

So which of these properties have potential?

In answering the question these are the factors to consider:

Location - You are better off to buy a lesser home in a better neighborhood.

Age - property to be less than 50 years old. Unless they are remodeled you will be dealing with old wiring, sagging foundation and plumbing problems.

Livable floor plan - A home with basic deisgn is the most economical. If you have to move walls it will become very expensive.

Light - The property with the most natural light will have the most potential.

Good Storage - Additional storage is very expensive. You save money with a property that already has storage space.