Top 3 things for investors to do during the winter season
1. Property Acquisition
It’s no secret that the winter season tends to put a chill on home buying. Many sellers will wait until spring to list their property. The winter months bring in less inventory, but that also means less competition. Fewer buyers are searching for the right properties. This means a lower risk of competing with over-asking offers, cash offers, and other negotiation tactics. Savvy investors can use this time to scour for good investments while the competition is still hibernating.
2. Take Inventory of Your Investments
If you aren’t planning on making any additions to your investment portfolio- now is a good time to take a look at your current investments. Go over the data, and analyze the performance of your investment properties. Are they performing how you expected? Do you wish to see more appreciation? Your Account Executive can give you all the information you need to get a full picture of your property’s plan. No matter what conclusion you come to, they can help you determine what the next step should be.
3. Property Improvement
If you do wish to see more growth in your current investments, property improvement could be the way to go. There are a variety of methods to improve your property’s value. Some can be as affordable as adding a fresh coat of paint. Better yet, the demand for contractors and home improvement is significantly lower during the winter season. This means faster turnaround time and possibly better prices on labor and materials. Now could be the most efficient time to schedule that home improvement you’ve been putting off.
Ready to invest?
Contact us today for expert guidance on all of your investing needs.