Real Estate is all about where you live and how that neighborhood is perceived. Does it have a good school system? Does it have nice areas to shop? How safe is the community? Is there a central area where the community and visitors can get together and hang out?
All these factors play a big part in the value of your home and the overall strength of your community. This is great news for property owners in Inglewood and the surrounding South Bay cities.
It is also leaving many residents in a position to reap benefits they could never imagine. They moved into position to profit from the growth of the city and the buzz surrounding it, after the announcement was made that we would be getting the Rams and a state-of-the-art stadium. Opportunities for residents are very different than just a few years ago.
The demands for rentals near the Forum are now allowing property owners to charge higher rates for rent. Higher rates than the city has seen in decades. Also with such a high demand, many owners have the opportunity to place their homes on www.airbnb.com, a website that allows you to post a picture of your home. You can either rent your whole residence out, or possibly just a room for a night, which can be very profitable, when used the right way.
Selling your home and moving away may not be the only option to make a profit on your home. With the rise in popularity of Inglewood and the surrounding South Bay cities, many home owners and longtime residents will have the opportunity to become successful landlords of the future.
Now is the time to start investing in your future by taking the time to clean up, renovate and remodel your properties, so that you may maximize your ability to demand Santa Monica/Culver City prices in the future.
You can get the money to do these projects by either refinancing a reasonable amount of equity out of your property or by using 1 of the many loan products available such as the SBA 504 Commercial Renovation Loan or the 203k Renovation Loan for residential homes.
It’s time to get up and prepare for the changes happening in our backyards. Don’t move, improve your property and take advantage of the rising values and changing views. Now is the time we have all been waiting for.
At WLM Financial, our goal and my dream is to teach people how to get in the position to be financially free, and with a little bit of hard work and endurance you can get there.
Be sure to come out for our “Don’t Move, Improve” home renovation seminar and learn how to make your old home look brand new. It happens this Saturday, March 26th from 12 to 1:30pm, 111 N. La Brea Ave., Inglewood CA 90301.