A recent article that we at Gracik Makinney Real Estate Group recently read confirms what we are seeing as real estate trends in Elmhurst and DuPage County…people are returning to real estate as a sound investment. NYDailyNews.com posted the article With slowly recovering economy, investors are beginning to turn to real estate investments once more and one of the more interesting points in the article is:

“If your home is the place you live in, don't be overly concerned about its value. But if you're a homeowner who wants to refinance, do it now. Rates are going up, perhaps significantly. If you are speculating on real estate prices going up, resist the temptation. Housing has too many obstacles. The one exception may be rental housing, especially multifamily homes, where higher rents can offset higher tax rates.”

The implications for Elmhurst, Illinois real estate is simple, Elmhurst provides numerous opportunities for real estate investment from short-term rehab properties to long-term rental properties. Additionally, it is an opportune time to take advantage of low rates if you are looking to buy anything from a small starter home to a larger home. The NYSailyNews.com article also cautions that homeowners in DuPage County need not be too concerned with their homes value, right now. Easy for us to say, but that indicates housing prices are about to rebound and homes will begin to approach their true value.

Gracik Makinney can provide counsel on the best home buying or renting options within Elmhurst. If you are looking to branch out into other areas of DuPage County, we also have extensive understanding and knowledge of the market, communities, schools, and recreation. We live in DuPage County and have a vested interest in our community.