Realtor Advice Transforms Home Buyers Into Savvy Investors
Maximizing Return on Investment
Beyond the initial purchase, realtors can provide guidance on how to maximize your property's return on investment (ROI). This might include recommendations for renovations that increase property value, strategies for renting out parts of your home, or advice on refinancing options that could lower your mortgage costs. For example, adding energy-efficient upgrades can not only reduce utility bills but also increase your home's market value, making it more attractive to future buyers2.
Additionally, realtors can assist in identifying properties with rental potential, allowing you to generate passive income. Whether you decide to rent out a basement suite or invest in a multi-family property, having a realtor who understands local rental laws and market demand is essential for making informed decisions.