What an exciting time it is to be a real estate investor in the U.S. This is not the time to be complacent; there is always someone out there who is looking for a new home.
Today, in fact, is one of the slowest times to buy a home in the U.S. Of course, that’s due to the fact that the real estate market is still in recovery mode, and people are still looking for a value home that will last them throughout their retirement years.
In many ways, the U.S. housing market has been recovering since the recession even though the average home price has now recovered to $177,000. However, there are still some pockets of affordability in the U.S., and even among those who are under water. Homes that sell for over $300,000 are a common place in many suburbs in California. In other areas of the country, we’ve had some good news.
The only real question I have is the price of a home. A couple years ago I bought a home and I was amazed that my wife, who is the daughter of a prominent real estate broker, kept it as a place she could afford. Now, I am wondering what her family has paid for it, but I’m sure it’s hard to imagine how much of a home life in the U.S. for $100,000 to $2,000 might cost her.
While it may be hard to imagine, the price of a house is an incredibly important factor in home ownership. Because people buying homes often get what they want rather than what they need, it’s important to keep that in mind. Also, because houses are so important to the economy of the state of California, you want to stay clear of homes that are just too expensive to be bought. (The median home price in California is $1.
Although I’m a little intimidated by people who don’t have the time to do household chores like cleaning or cooking, I would love to live in a home where I can actually get a good sound system.
In California, there are different degrees of affordability that are built into the market and are determined by the number of bedrooms, bathrooms, and the square footage of the home. So, while a 2,000 square foot home is relatively cheap, a 2,500 square foot home with a lot of amenities may be more expensive.
A lot of the work we do as a team is done by our designer, Dan, who is also a home inspector. He spends a lot of time on home inspections, and the results of these inspections provide us with a lot of information about the property. We can use this information to make some pretty cool suggestions on how to improve our new house, or make some suggestions that we can actually enforce into the contract.
We do a lot of work in our new house that we can’t really enforce into the contract (we can, however, make the contract enforce these suggestions). For instance, Dan has his own ideas on how to improve the home, some of which we can (and sometimes do) enforce. For instance, Dan has a lot of ideas for how to improve the home, but he has never tried them out.
That’s one of the reasons we have a contract. Dan’s suggestions are the ones that we can enforce into the contract, but Dan has never tried them out.