Looking for a real estate investment in Prescott, Arizona?
Prescott, Arizona, is a fabulous place to retire as well as raise a family. The real estate market in Prescott has something for everyone . . . condos, luxury homes, subdivisions with fabulous amenities, as well as fix and flip investment properties.
Below four tips to ensure the real estate fix and flip investment is a sound one:
1. Think location, location, location
The first indicator your investor clients should look for is to pay attention to areas that have proximity to good schools, restaurants and shopping centers that have low inventory. The resell data can provide a lot of valuable information.
2. Follow commercial developers
When commercial developers move into a neighborhood to renovate old shopping centers, that typically means they are seeing growth in that neighborhood, and residential real estate will follow that trend.
3. Pay attention to design trends
We’re all seeing buyers becoming more savvy in terms of design and architecture trends — thank you, HGTV — so it’s important to spend money on renovations where it counts most.
4. Consider the quality
A good flip takes quality into consideration.
For more information on real estate investments in Prescott, Arizona, please give Tim Anderson with BloomTree Realty (928) 308-9595. Let Tim Anderson put his over 35 years of real estate experience to work for you.