Good Luck or Good Management

More sharing of stories to encourage intending home owners/buyers to have a plan, a criteria, a time frame, a budget; and why I get so passionate about spreading the words is what I witness on my daily walks around the local streets with so much demolition, refurbishment and building going on.  My lucky story is I have lived here for more than 35 years and witnessed the prices skyrocket.

There are many theories about investing, some simple, and some analytical.  So here are a few to ponder:

• If there are more buyers than sellers the price goes up.
• If there are more sellers than buyers the price goes down.

Fluke infrastructure plans promoted by developers and approved by Councils, eg

• A shopping centre springs up locally.
• A bus route is extended.
• A state of the art Secondary School is announced within easy access or walking distance.
• A Medical Center opens locally.
•  A coffee shop pops up around  the corner.
• A retirement village is planned, and so on. 

These things gradually have a positive impact on the areas popularity, which in turn creates demand, hence real estate valuation increases. Yes, it is relatively easy to spot good locations, but there is a lot of luck knowing "when and how long" it will take.  The good thing is if you are young time is not a huge factor.

When values are inflated the only "snag" can be a downturn in the economy leaving some home owners/builders vulnerable.  This is where a certain amount of luck, and persistence to hang in for the right time  to sell really pays off.  See Chapter 9.

https://www.ritapaulos.com/content/archive/simple-steps-blog-by-rita-paulos