Is buying a 1995 house not considered an investment?

Asked by Kiran Adimatyam, Orange Grove I- Plaza, Marana, AZ Tue Oct 8, 2013

I was told that for investment purposes we need to buy newer houses. Currently I am looking for a house in Coppell ISD that is 18 years old in Valley Ranch area, Irving. I am not sure how old is really old or upto what year we can consider houses as new? for ex. 2000 is considered ok but after 2005 they are considered new?

Thanks in advance.
Kiran

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7
Poogle N, Agent, Flower Mound, TX
Thu Aug 14, 2014
Hi Kiran,

Coppell has one of the highest rent per sq.ft. in the DFW metroplex area. I own my investment properties and most are built around 1995. As long as you buy the house in good condition and maintain it, the houses built in 1995 provide a great investment properties.

Good luck:)

Poogle
Ph: (972)408-7402
Email: poogle@rocketrealtytx.com
0 votes
Bruce Lynn, Agent, Coppell, TX
Tue Aug 12, 2014
This is not true. Most investors buy older houses, not new houses. It also depends on your price range and area. Look at average age in Highland Park for example. Probably older than average and have gone up more than average in the past 3-4 years.

Buying in Coppell? Most new houses will be $400-$500K or up? What if you only want to spend $250K? No choice but to buy older house.

Also I think there is a lot better chance for the lower priced older homes to increase in value, vs the newer $500K-$600K homes.
0 votes
Chris Hutchi…, Agent, Hurst, TX
Thu Nov 14, 2013
It sounds like you need to work with someone that know what they are doing in regards to investing. If you are trying to buy a house and hope it appreciates in value that isn't investing. It is called speculating. It is very risky business and I would not recommend it.

Now if you are looking at actively investing through flipping houses (dealing homes) it isn't about the age of the house as much as it is about the value of comparable homes in the neighborhood.

If you are buying an holding for rent (cash flowing properties) this is more of an investment. Typically you try to keep the age of the house newer than 1978 to avoid issue regarding lead based paint but the same principals apply that you are looking at comparable properties sold in the neighborhood and looking at comparable market rents. You want to buy you home at a discount, repair any issue to make it perfect and rent it out at a competitive market rent.

Give me a call if you are serious about looking at investment properties. I have fix and flip as well as buy and hold investors that use me to help them find properties and manage their properties.

Regards,

Chris Hutchinson
REALTOR®
The Michael Group
972.809.0607
http://www.chrishutchinsonrealestate.com
0 votes
Kenneth "Ken…, Agent, Dallas, TX
Thu Oct 10, 2013
Everything is subjective to your goals. We can not give you advice on what your investment goals are. You will have to determine if this is something you can afford and handle. Every investment has risks.
http://www.tcrdallas.com
0 votes
Dixon Wong, Agent, Dallas, TX
Wed Oct 9, 2013
Hi Kiran,

The age really shouldnt matter as long as the house was well built and it is in good condition.

However I think you will be better off purchasing in Coppell and Valley Ranch. Coppell's home just has increase in value and the City of Coppell has done a great job in the city building parks and has a great school system.

Dixon
Realtor
http://www.findyourtexashome.com/coppell
0 votes
Pat O'Reilly, Agent, Irving, TX
Wed Oct 9, 2013
I think the location has more to do with a good investment more than age. Coppell and Valley Ranch are great locations. Close to both airports and midway between downtown Dallas and Fort Worth. The Coppell School district has a great reputation and is a good rental market for families that can not afford to buy at this time.
Both of these areas are hot rental markets.
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Oct 8, 2013
I work with investors world wide, AND a real estate investor myself. I am a City Commissioner for Coppell feel honored work with you develop a short/ long term business plan be successful.

GREAT myths... out their I would consider the "source who is providing you guidance". Have they SOLD millions for dollars in real estate ? Worked with leasing ? Investor themselves?

My website is updated daily therefore saves you time search accurate information

Contact my office today where I can show you many amazing homes work with your family specifications.
_________________________________________
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

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