The past year has been very successful in real estate for both home buyers and sellers. Low mortgage rates and a steady inventory of homes for sale have shown the market great favor. Because of this, I have seen many people this past year looking to purchase properties as an investment and not just a personal home.
Across the county, we have seen the real estate investment trend taking over the market as savvy investors look to put their money into an appreciating asset. In general, markets with high growth are better bets than those with lower growth, but a stable growth rate is just as important in the long run.
Here’s a few reasons why now could be the right time for you to purchases an investment property:
- Passive Income: The short-term rental market has opened up a new world of opportunity for investors and our local area provides the perfect location for people looking to rent, especially in the winter months. The potential for making a significant return in a short period of time is extremely high.
- Low Rates: As rates for affordable lending continue to drop, buyers are able to get more for their money! Buyers are taking advantage of these low rates to help purchase investment properties once thought to be unattainable.
- Appreciation: Studies show that the overall home price index has increased on a year-over-year basis every month for the past seven years. Long-term price appreciation of real estate could be your key to not only a safe investment, but also one that can provide a significant amount of wealth and equity.
If you’d like to discuss more about your ability and intentions on real estate investments, I am your go-to person! There is a plethora of options and routes to take and it would be my pleasure to sit and discuss them with you!