HomeVestors Declares Townhouses Great Investments

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Picking the perfect property can be a problem. Townhomes offer great opportunities for all investors.

Dallas, Texas HomeVestors has had the opportunity to work with properties of all sizes and shapes the last 15 years. Every property has potential. However, townhouses are some of the best investments for beginner real estate investors.

Apartments have a mystique that attracts a certain clientele. Although most of these are reputable individuals, townhomes attract a slightly different clientele. As a general rule, townhomes are considered the upper end of rental properties. They are well crafted with upper end finishes. Therefore, their clientele generally consists of middle class and upper end individuals. This also means the clientele is willing to pay a little more for the pleasure of living there.

The great thing about townhomes is they can be located just about any place. Elegance differs among communities. Since townhomes set the standard for elegance, they can be modified to fit into any neighborhood. In fact, even one with basic features is still very desirable.

Selecting a decent townhome investment is not difficult. Real estate investors should look for properties that have recently been built. By housing standards that is usually within the last five to ten years. These properties will need fewer repairs now, and the majority of the rental money can be used to pay off the mortgage, reinvest in the property, or save for major asset repairs.

Properties that are older are not bad properties. They will simply have to have more repairs and replacements in a shorter time frame. Older properties can usually be negotiated to a cheaper price if the right supporting evidence can be produced.

Townhomes provide real estate investors with many benefits.They are easy to manage. All of the properties are located in one centralized location. This makes collecting rent or fixing repairs quick and easy. Townhomes also make providing clients with top quality security easier.

In addition, the multiple units reduce the impact of one vacancy upon an investor’s bottom line. With rental homes, one empty house does not have other tenants to make up the rental difference. With townhomes, there are fewer major assets to repair. For example, instead replacing lots of roofs, there are only two or three large ones to take care of. Real estate investors looking for an easy to manage investment property will benefit from choosing townhomes.

About HomeVestors of America Inc.

HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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