Skip to main content

Real Estate Property Future Value



Trying to find a home on your own can be a very difficult task, and if you're not familiar with the market you might end up getting the short end of the stick. Purchasing a home for the first time can be stressful and overwhelming, and it might bring potential pitfalls. But according to NYC real estate executive Adam C. Hochfelder, being aware of those issues can protect you from costly mistakes and make you shop with confidence.

When it comes to buying real estate property, you should have all the information available in order to ensure success. But perhaps even more important than the good sides are the pitfalls than one must avoid, so you can play the property game with ease and confidence. There several factors that can affect the present and future market value of a property and as a potential buyer understanding those key factors will help you in making a safe and smart investment decision. First and foremost, Hochfelder stresses that you need to focus on both the short and long term, and make sure your investment decisions are in accordance with your overall strategy.

You can never know too much about your investment. Once you know your market you can buy accordingly. Apart from the present value, Hochfelder reveals it is useful to estimate what the property might be worth in the future. And although even in the best of markets, one cannot predict what will happen tomorrow, nor to perfectly predict the future of your chosen neighborhood, still paying attention to the information available to you now can help you avoid any unpleasant surprises or situations in the future.

Quite often first-time buyers are young people or couples who are eagerly waiting to solve their housing issue. Young couples or singles mostly buy smaller, one bedroom apartments, which for the time being might be the perfect thing. But as time passes and life changes, so do their needs and demands. Because of that they should thinking whether they can sell or rent the property for several years. As Adam Hochfelder further explains, location, successful real estate, interior and infrastructure will always be attractive to potential buyers, and thus are key factors for home buyers. Good transport connection, proximity to schools, colleges, kindergartens, shops, building with elevators and parking spaces are just some of the things that will always be appreciated.
Labels:
Location: New York, NY, USA

Comments

Post a Comment

Popular posts from this blog

Adam Hochfelder

Adam Hochfelder was born 1971 and was brought up on Long Island, in Old Westbury, New York. He attended the University of Pennsylvania's Wharton School of Business, from which he graduated in 1993.

Mr. Hochfelder began his professional career while still in university, after his sophomore year, when he took on an internship position at Newmark and Co, a major real-estate services company.

In 1996, Mr. Hochfelder co-founded Max Capital Management Corp and began building his commercial real-estate portfolio, that reached up to seven million square feet, measuring up to holdings of some of the most prominent real-estate magnates. In 1998, Adam Hochfelder was one of the youngest people ever selected to serve on the Real Estate Board of New York.

Thanks to Adam Hochfelder’s exceptional business management skills, his real estate investment firm in NYC reached over $3 billion in assets under management. Under Mr. Hochfelder’s stewardship, the firm added some major acquisitions includin…
Post a Comment
Read more

Building a Career in Real Estate Development

Real estate development is often described as the engine that propels growth in the real estate industry. Real estate developers purchase real estate, make improvements to the existing structures or build new ones and sell the property at a profit. That is why all successful real estate developer must be able to recognize opportunities for making money as well as predicting trends. Adam Hochfelder is one of New York’s most admired real estate executives whose reputation is built on the hallmarks his clients and partners have come to rely on. Here Mr. Hochfelder breaks the key steps for starting a career in real estate development.

Read more...
Post a Comment
Read more

Real Estate Taxes in New York

In last three years in New York State, almost three billion dollars were collected from real estate taxes. So that, in 2015, were collected 828.6 million dollars, which means 13 percent less than in 2014, when from real estate taxes 950.7 million dollars were collected.

Also, that is 27 percent less than in 2013, when 1.13 billion dollars were collected. These data were the basic reason for Adam Hochfelder to reduce the taxes on real estates. Helen Keit - a licensed real estate broker, says that reducing the taxes by 2 percent will considerably increase the turnover.

Mr. Hochfelder explains that it is the total amount of money collected on taxes, including sale and purchase, inheritance, maintenance and all other types of real estate turnover. Known as the "Wharton Whiz Kid" for his fast rise to fame, Adam Hochfelder has the ability to leverage exclusive deals, fearlessness towards risk and endless ambition. All this helped him generate multimillion-dollar deals as well as …
Post a Comment
Read more