Investing in real estate is a very popular movement for many serious investors around the globe. Especially, investing in land is a safe option for people who are characterized by low-risk choices, and this is because it never loses its value. In other words, what you buy now is what you can sell in a few years. Of course, the market can be influenced by the world’s changes and this is what we are here to discuss. What we mean by saying that land does not lose its value is that it is not an object of physical damage and decay, while this is not a fact for most investments.
In addition, if you play smart and buy in places that are now low-cost and that are expected to grow you are possible to have a positive outcome in your pocket. Also, buying real estate gives you the opportunity to have a passive income and avoid the market’s stressful ups and downs. A golden rule is to always try to invest in places that are becoming touristic or are expected to develop shortly. Depending on your personality, the place you live, or further investments you may have in mind to do here you can see a variety of options. In this article, we focus on the area of the United States and specifically the cities.
- Boise, Idaho
Boise is the capital of Idaho and the first one to gather the State’s population. It has gained the reputation of a terrific real estate investment area for long term investments. Even during the covid19 period, housing prices have not been affected. A reason for that is that it seems rather easy to find a job in this city.
The existence of jobs in an area is a solid indicator of the overall economy of the area. Unemployment is an unknown word in this city since the unemployment rate is below 4% and Forbes has it listed in the 10 cities with the best job growth. All of these come as a result of the comfortability that the city provides for people who want to start their own business, including the low cost. As if this wasn’t enough the population growth is 3 times higher than the rest of the United States making housing and land attractive and hard to find.
- Houston, Texas
Houston along with Dallas is a terrific option for a new businessman in real estate. Houston is the fourth biggest city in the United States, while Dallas has big oil wells plus it is a major railway and air hub.
Focusing on Houston we would like to underline the fact that it is also a trade center, which is a great benefit for the city’s economy and therefore its value in the real estate business. Apart from, these objective factors one should also keep in mind that it has a vivid economy related to real estate, which often gives opportunities for new beginners to catch up on the market. The industry of real estate in Houston is developing over the years and it is now believed to be one of the safest options
- Las Vegas, Nevada
The city is Nevada’s most inhabited area and the population per square meter has had an increase of almost 3% during the last year. Again the lead parameter to decide whether the city is suitable for real estate is its economy as a whole. Gambling and touristic resorts are spreading like mushrooms.
As a result of this policy, the construction industry is growing a great deal. Besides all kinds of companies and businesses are growing as well, such as restaurants and finally houses to provide a roof to all these employees. Well, proof of that is the fact that the housing price tends to increase rapidly within the last couple of years.
- Spokane, WA
Spoken is a different occasion in the real estate market. The city constitutes an upcoming force in this industry competing with Seattle and Portland. It is affordable for lower budget pockets and it mostly attracts families and people who simply want to live in a nice city. It is not over-crowded, yet the rent prices are rising rapidly.
The average monthly cost for housing is around $ 1300, correspondingly the price to buy a house to live or rent is around $ 220,000 right now. All the estimates show that the upcoming investors will benefit if they through their money on this quiet market for the time being. The type of housing that is most popular in this city is the detached houses and the area you want to invest in is the Northside. To conclude, Spokane is a perfect low-budget opportunity, as long as you move fast. It has not shown its stability on the market and the fact that it is a hot seller right now does not mean that this is a tendency that might keep on forever.
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