Back to Basics In Real Estate
To succeed in this real estate market, investors and managers need a new kind of toolbox. While financial implements are still critical, more traditional tools of the trade, a hammer, paintbrush and the number of a good plumber, for example, have joined them.
As the industry experiences one of the worst downturns in decades, real estate investors and managers are reconsidering strategies for success. Many of them have embraced a back-to-basics approach that provides a path for staying strong in a difficult economy. A key part of that approach: actively maintaining their properties.
Gone are the days when making a profit in real estate involved a financial transaction and little else. Now, in an effort to remain viable, real estate professionals are focusing on 1) protecting and enhancing the value of their assets; 2) adapting to a changed investment climate; and 3) reallocating precious resources.
And despite the rough sledding, there is a good likelihood that these strategies, taken together, will yield success. To be sure, a meaningful recovery is not imminent. But there is a growing list of companies lining up to take advantage of the recovery when it occurs, giving perhaps the first indication that a slow turnaround may be beginning, at least in some sectors.
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Feels like we're seeing more and more renovated homes these days as home owners are looking to increase the value of their home and their quality of life inside their home.
Posted by: Toronto Homes | Nov 29, 2011 4:39:48 PM
"protecting and enhancing the value of their assets".... agreed. But I'm curious how much of this is online marketing and how much of it is in off-line marketing (i.e., renos, landscaping, etc)?
Posted by: Peter | Aug 26, 2011 8:38:00 PM
Yes, of course today the real estate profits are not still to the money transactions only. It does include your current assets to be valued up everyday.
Posted by: Jeff Morris | Aug 18, 2011 1:01:19 PM
brampton real estate
One of the greatest and most obvious reasons to consider buying a home is the interest rates. Interest rates today, are some of the lowest rates that we have seen in years. It is possible that they will go even lower. You may think that getting a home loan in order to take advantage of these rates is impossible. Although credit standards and loan approval may be higher than before, obtaining a loan is well within the reach of homebuyers with a good credit rating and a steady income that can support the monthly mortgage payments.
Posted by: torontohomeandhouse123 | Jun 11, 2010 3:06:09 AM
The new comers of real estate market can learn secrets and tricks from experts. Books, CDROM course and training course on online are available to get valuable information about real estate market. I got CDROM course from http://www.commercialprofitblueprint.com and now I got more secrets from that CDROM course. You can also check out that site if you have interest to know the secrets of real estate market.
Posted by: Alara Cockburn | Aug 24, 2009 4:59:06 AM