Investment Property

What To Look For In Your Next Investment Property!

Have you been thinking about purchasing an investment property? Real estate can be a great investment if you know what you’re doing, but there are some risks involved. Below, we’ve compiled some things to look for when considering a rental property.

Investment Property
Photo By: Gavin Kiker
  1. Location – This first tip is an important one. When searching for a rental, location is the top thing tenants are interested in. Choosing an area that is close to schools, shopping, and healthcare is a good way to draw tenants in. Rentals in college towns or ski towns can be very profitable, but it can be difficult to lease one of these properties in the summer months, so that is something to keep in mind.
  2. Safety – Safety is very important to most people. Choosing a location with low crime rates is always smart when shopping for real estate to rent out. Installing quality locks and even a good security system can increase the appeal of your property!
  3. Parking – While not as crucial in rural areas, reserved parking for tenants in cities and more populated areas is a must. Rental properties with off-street parking or even a garage or carport can be a huge selling point to prospective tenants.
  4. Fresh Property – New builds or freshly renovated properties are usually more attractive to tenants searching for a rental. Moving into a new space is a fresh start for tenants, the rental should be as fresh as they feel!
  5. Open Space – An open floor plan with plenty of natural lighting feels a lot larger than a closed off space with no windows of the same size! Potential tenants will subconsciously lean towards a bright space over a darker one, so properties with lots of windows and lighting are preferable.
  6. Appliances Included – No one wants to buy appliances for a house they don’t own! Including essential appliances will add value to your rental property and will most likely get it rented sooner!
  7. Outdoor Space – Connecting with the outdoors is important to a lot of people; Especially in Colorado! An outdoor space like a backyard, deck, or even a small balcony to enjoy the mountain views can add a lot of value to your property. This is one feature that is typically more important in rural areas than it is in more urban environments.
  8. Pet Friendly – Pets are family to a lot of people, and no one wants to give up their family to move into a rental! Consider looking at more pet-friendly properties, as they will be more desirable to a lot of tenants. A house with a decent backyard and hard floors is ideal for a pet friendly rental.
  9. Job Market – Locations with a growing job market, or a strong established industry will draw more tenants. Job security is an important factor to consider when renting, so choosing a location with a strong job market is a good idea when looking for investment property.
  10. Trustworthiness – Tenants looking to rent a house want a landlord or property manager they can trust completely. Being honest with potential tenants and disclosing any negative aspects of the property that you are aware of is a good way to build trust as a rental owner. These people are depending on you to provide them with a safe and functional living space for months or even years at a time!

These are just a few tips to help you in your search for the perfect investment property! To speak with a NextHome RMR agent about purchasing your investment property, give us a call at (970) 507-8655. If you want to view our current inventory, visit our featured rentals page here!

 

JUST LISTED! 318 Grenadier

SPACIOUS 4 BEDROOM HOME IN LAKE HATCHER AREA WITH MOUNTAIN VIEWS! This home has great mountain views and plenty of yard for all activities or just to sit on the deck and enjoy the peacefulness. Lake Hatcher subdivision has so much to offer if you prefer to not be in the heart of tourism and traffic. Only 6 miles to the grocery store and access to the 5 stocked lakes and the Rec center which houses the indoor salt water pool, Jacuzzi, weight room and more. Hatcher lake being a trophy lake, this home would be a dream for the family fisherman. Views of Pagosa Peak. The upstairs is like a huge master suite with its own deck and family room. Downstairs are the other 3 bedrooms including the original master. Dual Masters! Both levels of the home have their own free standing stoves. Sellers are motivated to sell and are looking for a new family to enjoy their mountain home Pagosa.

 

1 2

LOGO  HUMANS

It is always nice to hear from owners – it is especially nice to hear that they are happy with our services.

Britney,  I want to thank you and your staff for your professional service, your prompt replies to questions, you work late hours, you are reliable, and you get things done.  It is a pleasure to have a professional working relationship with you, and looking forward to many more years.
Wishing you a Merry Christmas.
God Bless
Samuel Selters

 

Congratulations to Bennie & Elizabeth Garcia!

We are pleased our agent, Terrence Limebrook, was able to help Bennie & Elizabeth find and purchase 240 Glade Dr. Bennie and Elizabeth have also chosen Terrence to list their home at 22 Brassie Ct, and we greatly appreciate their continued loyalty to NextHome Rocky Mountain Realty!

Lot at 240 Glade Dr.
Lot at 240 Glade Dr.

 

**Attention Pagosa Springs Homeowners**

Looking to buy, sell, or rent your home?

From Real Estate to Rentals, we do it all! Check out everything NextHome has to offer:

۞ Reduced Commissions

۞ Advertisement on Over 500 websites for Rentals and Real Estate

۞ Friendly and Professional Agents

۞ Extensive Background Checks on All Rental Applicants

۞ Inventory of over 85 Long and Short Term Rentals

۞ Long Waiting List for Rentals

Let us do the work for you! Stop by our office today to discuss buying, selling, or renting your home, and pick up some NextHome goodies while you’re in!

Click on the above image of Luke to meet our agents!
Click on the above image of Luke to meet our agents!

Featured Listing: 33 Bienvenido Cir

RARE OPPORTUNITY TO PURCHASE ONE OF THE FEW 4 PLEX’S IN PAGOSA LOCATED IN DESIRABLE DOWNTOWN. 4 Units all occupied with leases. Potential for higher rent as they expire. All one level. Listed for $500,000. Great investment property!

untitled

Click on the picture above to view the full listing and our other properties for sale!
Click on the picture above to view the full listing and our other properties for sale!