While it’s not completely possible to predict which places will see a huge surge in home values, such as Seattle or San Fransisco in the past 10 years, factors like economic outlook and population growth are clear indicators that an area will have potential for real estate growth. Using this data and other sources of information, we determined that these 6 places of the best for long term investment!
With coast to coast sandy beaches, tourist attractions, retirement facilities, and more, Orlando has been on the radar for quite some time. With all of the attractions such as shopping malls, the infamous Universal and Disney theme parks, and plenty of other attractions, this place relies on tourism. This means great things for real estate. The opportunity is ENDLESS, so consider putting your investment money into a nice little home in Central Florida.
Las Vegas, NV
According to Realtor.com, due to mass relocation to the area Las Vegas has seen a substantial increase in home value over the last year! The expected growth is said to be around 7.9 percent by the end of the year. If you’ve got an investment account, take yourself to Sin City and check out the potentially hot real estate market!
According to Holly Tachovsky, the CEO of BuildFax, Arizona has been a hotspot for investors recently. With it’s popular history and the old, established neighborhoods, lots of investors have had a keen eye on the market. They tend to watch the prices and rents, while getting to know the residents and becoming familiar with the communities. If you want to put your money in AZ, make sure you do your research to find the right deals, rental rate, and profit margins.
Colorado has been a tourist attraction for years on end, and it won’t slow up anytime soon. In fact, statistics are showing mind blowing real estate growth, up to a 5% increase in less than a year. With it’s growing economy, rise of the cannabis industry, and jaw-dropping outdoor scenery, millions have decided to relocate to the beautiful city of Denver. Luckily, there is still time to act before the market is over saturated.
This one flies under the radar in most cases. Though, within the last decade, Ohio has seen close to $20 Billion poured into varying forms of development due to the low house prices, even though the economy has a strong job market. Since most investors are over looking this Midwestern pot of gold, it may work in your favor to invest your money into a Cleveland property and reap the benefits!
Last but not least, the entire state of Texas has shown rapid increase in real estate, and almost anywhere in Texas could be a good idea to invest some money. Surprisingly, 7/15 of the cities with the most significant population growth have been in the Lone Star State. This has been a hot spot for investors for years, but it’s not too late to stick your foot in the door!
We hope you found some value in this blog! If you’re interested in finding a solid investment property within Florida, give us a call @ 321-348-8720 to get an insight on what properties and areas have the best potential for your needs!