Topic > Foreclosure.com Scholarship Essay - 1698

Two properties have been featured as possible investments. Careful consideration must be made to determine which of these assets is the most worthy investment. Before you can make an intelligent decision about which property to choose, the houses themselves must be inspected, the economic and social position of each house in which it is located must be analyzed and, finally, the market for properties of the same size and location must be studied to determine the potential profit of the properties. Property A Of the two options presented, the first is a 1,700 square foot home in Chapel Hill, North Carolina. This house has three bedrooms and two bathrooms and is designed for a single family. The only thing stopping this property from belonging to an investor is $125,500 in cash. The only image in the listing for this property shows a quaint little blue house with white trim. The house has two large windows on either side of a chestnut-colored door and appears to have a small porch in front. In the yard there are two medium sized trees near the front of the house, a large tree to the left of the house, a gate, most likely leading to a yard, to the right of the house, an uneven lawn surrounding a brick walkway to the house and a well-kept hedge that borders the courtyard. While there are no photos of the interior of this home, the article states that "[i]t needs some TLC, with outdated appliances, cosmetic changes and other upgrades required." Overall, this property appears structurally sound, although some capital will be needed to transform it into something that will catch the eye of a potential client. Once you've examined your potential investment under a hypothetical microscope, it's time to zoom in on the top view. After all, the chances of selling or renting this asset could greatly depend on where it is located and the circumstances that are occurring