| In general, lenders do not want
you to spend more than 28% of your gross income per month on a
mortgage payment or more than 38% on monthly debts.
Are condos good investment?
Condos have held their value as a good investment
in Orlando, they have appreciated about 100% in the past few years.
The changing demographics are making condos more attractive for
single buyers, couples with no children, empty nesters and first-time
buyers in expensive markets.
How
do you increase the value of your property?
Market condition, which is the biggest factor that can affect
property value, is completely out of your control. However the
condition of the property, neighborhood safety and home improvements
are other factors which you can have an impact. Home improvements
which can increase your property value above the cost of the improvements
themselves are updated kitchen, additional bathroom, and professional
landscape. Remember, a bad remodeling job will do little to boost
your property value. |
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