Wednesday, October 1, 2008
It's October! The days are getting shorter, but it's been 80 degrees this week. I love Oregon! Business has been steady. Even with all the shake up in the economy and nervousness about our financial future as a country, people still need to take care of their homes. In fact, for most "main street" people, their home is their biggest investment. Like all investments the real estate market surges up and then settles back a little, but over time, real estate has consistently been one of the safest investments. I have dabbled in rental properties myself for the past 10 years and been quite happy with the overall experience (of course my wife does a lot of the work of managing and maintaining the properties...). In the event the crunch does come and it's necessary to sell, it helps if the home is in good shape with no noticeable damage or needed repairs. And, by the way, a new roof is a great selling point!