Hamilton’s real estate market is growing at such a rate that thinking “How much could I potentially make investing in real estate” isn’t as far-fetched an idea as it once was. There are two different avenues to go down. You could buy a house, make the renovations and sell it for a profit or you can buy it with the intent of renting it out to tenants. In this way you can profit both in renting it out on a monthly basis, and again when you subsequently sell the property. Both have their advantages and disadvantages but it’s important to consider all of your options. The best way to figure out if you should invest is to consider the future and do the math. Pay particular attention to how the prices move from decade to decade. According to the Realtors Association of Hamilton/Burlington, the average selling price of a house on the Hamilton Mountain was $334,571 in December of 2015. In 2005 it was $197,869. That’s a difference of $136,702, an increase of 69% over ten years.
Why Invest in Hamilton Real Estate?
- May 25, 2016
Broker of Record
CENTURY 21 Aberwin Realty Inc., Brokerage*