Mark Maupin asks “What does Style and Design have to do with investment Property?”

Questions get answered on the 3rd Thursday of each month for new and experience real estate investors in Livonia, Michigan

Livonia, Mi-- Obviously, what sells the best often depends on the area. Styles of architecture are different in different areas. However, there are certain things that always seem to increase the desirability of a home to a prospective purchaser.Among the most desirable things to look for is the style of a home. Brick seems to generate the greatest interest from buyers. If an investors have any experience in buying property, they probably already know that brick homes generally sell for as much as 20% more than their frame (wood, aluminum, or vinyl siding) counterparts.Historical features on older homes are things that should be taken care of and repaired to original condition whenever possible. This includes unpainted woodwork, wood floors, wood doors, fireplace mantels, leaded glass, etc. When working with an older home, keeping the character intact will always help you on resale. Keep this in mind when remodeling; drop ceilings NEVER go in Victorian houses.The most important factor to look for is size. One and two bedroom homes are difficult to sell. Never purchase any home with less than three bedrooms, with one exception. A two bedroom home with a large square footage may be a candidate for the addition of a third bedroom if they can convert some of the space into a third bedroom.A new investor should avoid houses that need major renovations, that have undesirable features that can’t be fixed cosmetically, or have an architectural style that does not fit into the neighborhood.Floor plans are very important. Bedrooms that have doors entering off the kitchen or living room, or have no hallways, will hurt you on resale. Renovations are expensive. Don’t go into a project with the intention of moving walls or doing structural changes.For more information on Mark Maupin and Investor Club meetings (look under resources) go to: http://www.MarkMaupin.info Information web site
Contact Information:National Real Estate Network, LLCMark MaupinTel: 248-939-6232
Email: Maupin.Mark@gmail.com