With a slump in the home purchasing market, investors are targeting older apartments that they hope will bring profits from increased monthly rents and eventual resale. "It's definitely a good time to be buying apartments like these," says investor Monte Lee-Wen.
The National Association of Realtors reported that sales of existing single-family homes and condominiums dropped by 1.2 percent last month to a seasonally adjusted annual rate of 4.97 million units.
With a slump in the home purchasing market, investors are targeting older apartments that they hope will bring profits from increased monthly rents and eventual resale. "It's definitely a good time to be buying apartments like these," says investor Monte Lee-Wen.
A growing number of people looking at senior living communities are deciding that bigger isn’t necessarily better and are choosing smaller homes such as Lexington Place in North Dallas.
Curb appeal is just one aspect of picking a home’s exterior material. Three factors should be considered, said Jon Boyd, president of the National Association of Exclusive Buyer Agents: aesthetics, maintenance and economics.
In a house filled with every color of the rainbow, two curly-top daughters and a graphic designer husband, Mrs. Lidji's creative freedom is boundless. Photos: Tour the house
