If you are thinking about buying your first home, the brothers say that you should get serious about it. “You have to think about whether you want to be in debt for a long time,” said brother Drew. “It’s easy to fall into this trap and not realize how much you’re spending every month.”
Property Brothers are the real estate experts who advise on their popular TV show. This video reveals the best advice they have received on buying property, from their first house to their latest renovation.
When you think of home improvement projects, you probably imagine some huge project that you can’t afford.
But when the Property Brothers start building their new house, the work they have to do is much smaller than you would expect. They’ve learned valuable lessons on what to look for when buying a home and what not to do.
With hundreds of thousands of dollars worth of real estate, the Property Brothers have gained an unrivaled perspective on what it takes to find, buy, renovate and sell a home. In this episode of Property Brothers, hosts Drew and Jonathan Scott discusses their top property advice. In this episode, Drew and Jonathan answer a viewer’s question about how to pick the perfect house and provide helpful tips on what to look for when buying a home.
What is property advice?
Property advice is what you get when watching the popular TV series Property Brothers on ABC. The brothers, Drew and Jonathan Scott, are very down-to-earth and helpful real estate experts.
They are currently renovating their own home, which they have built from the ground up, and have some great advice to share with you.
Tips for getting your first property
Looking at a new home and thinking you can’t afford it is easy. But if you’re thinking about investing in real estate, here’s a secret: you don’t need to buy a new home to start saving money.
Instead, it’s better to rent a cheap property than buy a pricey one. After all, you can always renovate and sell when the time comes.
Renting an apartment or a house is much more affordable than buying your property.
When you buy a property, you’ll pay a lot more in interest, insurance, and maintenance costs.
Before buying, you might also look at many other things, such as an investment.
So it’s better to rent than to buy.
Here’s a handy tip that helps you decide whether you should rent or buy.
Look at the value of the home. If you’re looking to save money, renting is a good idea.
A cheaper house is usually easier to maintain, and you won’t need to spend any money on renovations.
Plus, you’ll have the security of knowing you can move out anytime.
Choosing your next property
Property Brothers are the real estate experts who advise on their popular TV show. This video reveals the best advice they have received on buying property, from their first house to their latest renovation.
When you buy a home, you want to invest in a property that gives you a solid return on your money. However, you don’t necessarily need to spend much money on the home itself. There are plenty of ways to save money when buying a property, and that’s why Property Brothers give their best tips on choosing the right home for you.
How to find a good property
When you’re looking to buy a property, you’ll need to find a good one. Unfortunately, you can’t rely on luck or timing to find a great deal.
It’s often more about “the luck of the draw”, so it’s important to know what to look for in a property.
If you’re a beginner, you might be able to buy a property for under $150,000. But if you’re an experienced investor, you’ll be looking to invest at least $500,000.
So, what should you look for in a property?
First, you’ll need to decide whether you want to live in the property or rent it out.
Then, you need to consider your budget.
You’ll also need to find a location that meets your needs. If you’re going to invest in a property, you’ll want to choose a place that’s near your office or work.
Finally, you’ll want to ensure the property is up to standard.
Frequently asked questions About Property Brothers
Q: What are some of your best real estate advice when buying a property?
A: Buy in a community with other people looking to build or renovate, so you can share the work and get help from others. You want a community with active homeowners and other families who want to live there.
Q: What makes a property a good investment?
A: If you can renovate it yourself, that’s the best investment. If you don’t know anything about renovating, hire an architect, builder, and designer. You can also buy a fixer-upper that needs lots of work, which is very appealing.
Q: What’s the best way to choose between different neighborhoods?
A: Start by looking online. Check out realtor.com and Zillow to see what kind of homes are available, the schools, and the proximity to work and play.
Top myths about Property Brothers
1. A house is not a home without a backyard.
2. If your house has a backyard, it should have a pool or hot tub.
3. Every family needs at least one vacation property and a second.
4. They want to stay at a property with no money down.
5. They don’t want to pay for any renovations.
Conclusion
For me, one of the best pieces of advice I was given was to think about what my true passions were. I’ve found that people tend to become passionate about something that they enjoy, so I would encourage you to look for something that you genuinely love to do.
Then, please find a way to monetize it. This will be a good way to ensure you can spend more time doing what you love while still generating income.
