Before investing valuable time and energy into shopping potential purchases, we find it critically important to first diagnose what you are looking for before prescribing potential properties that fit these criteria. Here at Stewardship, our agents prefer to avoid inundating you with properties that don’t meet the criteria that you provide, and instead, sending you fewer, but more strategic properties for your consideration. We also believe it’s important to have a clear understanding of one’s level of risk tolerance with potential investment properties. Every investor tends to have different comfort levels regarding debt, types of areas to invest, current condition of a potential property, and many other factors.
For more seasoned investors, our owner, Merle Miller loves to add value wherever possible! He would gladly meet with you to compare income and expense analyses on any particular property to help determine cap rates, ROI, etc.Property Analysis
For more than 20 years, Merle has been making offers and purchasing rental properties himself and continues to this day. Something we believe that sets Stewardship apart is that he is happy to share his custom-created analysis with every potential buyer to determine current versus future potential income and expenses of any property you’re considering. Consistent with our core values, Merle or others on our team will walk through the analysis process with you to give as clear as possible a picture of current and future potential financial performance.
When you are ready to get started, call us at 330.600.4556 or complete this short form and one of our agents will be in touch.
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Tips For Buying
Don’t Max Out Your Budget
Just because you’ve been approved for a max amount, doesn't mean you should spend it all on the home's sale price. You will want to set some of that aside for closing costs, taxes and potential home repairs or remodeling.
Get to Know the Area
Make sure the neighborhood works for you and your family - are you close to schools and is shopping conveniently located?
Don’t Skip the Home Inspection
Inspections are worth their weight in gold and will draw attention to problems you may not otherwise see, giving you peace of mind and letting you make more informed decisions about your purchase.
Getting pre-approved by a lender lets the seller know you are serious and ready to purchase a home and that you are not just window shopping.
Know what you can live with and what you cannot live without and also those things that can be taken care of with a simple remodel. If you need a 4 bedroom home, don't buy one with 2 that requires a massive addition which can break your budget.Look at the Age of Appliances and Other Systems
Appliances are some of the most expensive portions of the home and you should pay particular attention to their age and whether they have required service. Other systems to have inspected are your HVAC, hot water heater, and your septic & well, if applicable. You may be able to get the seller to add a home warranty when buying.Check For HOA Requirements
Most neighborhoods have HOAs that govern what you can and can't do - be sure you know what the rules are for your neighborhood.