MARYLAND REAL ESTATE CLUB · RESOURCES
Real Estate Investors in Maryland
Evaluate the property, the numbers, and the work involved before deciding on your next opportunity.Start with your investment goals
Are you considering a long-term rental, a renovation and resale, or another strategy? Define your budget, target locations, timeline, available reserves, and capacity to manage repairs or tenants. A property should be assessed against the plan you intend to carry out.
Build a complete property review
- Purchase and financing: Include acquisition costs, lender fees, and the terms that apply to your intended use.
- Condition and renovation: Obtain inspections and written contractor estimates. Allow for delays and unexpected work.
- Ongoing expenses: Consider taxes, insurance, maintenance, management, utilities, vacancy, and reserves.
- Market evidence: Review comparable sales or rental information and question assumptions about future demand.
- Property requirements: Verify zoning, permits, rental licensing, association rules, and other applicable requirements with the responsible local authorities.
Test more than one scenario
Consider how the plan changes if renovation costs rise, the property takes longer to sell or rent, or the eventual price is lower than expected. Estimated income and appreciation are not guaranteed. Review financing and tax questions with qualified professionals.
Discuss your next search
Share your preferred property type, locations, budget, and timeline with Lisa. I can help you evaluate market information and organize the transaction process.
Let’s talk about your next step.
Lisa Graham · Execuhome Realty
Practical guidance for your Maryland real estate goals.