A modest home is perhaps the best investment, if you buy properly and maintain it can be less than your $1200 rent payment. Home ownership builds equity, you can pay the mortgage down quickly and be debt free or use as a down payment for a larger home. Smaller homes are very sought after, first time buyers, retirees, people getting out of condominium living, investors, flippers, second home owners, everyone likes a small home, it is the quintessential way to have a safe place, built wealth and have the American dream come true. A great year for us is to sell the smallest home and the most expensive legacy property, home ownership is wonderful when handled prudently, why are you waiting?
Set up your own custom search, realize many of our towns are ridiculously small, do not refine the search too much as you may miss an opportunity. Call us for a custom search as we have special tools at the office, duplex, rehab, special land, etc. we can also give you historical data if you are trying to determine if your goals are realistic/exist in your search criteria. Give us a call we would be happy to assist.