Small Cities Are Booming
Auburn and Opelika may not feel “small” anymore because of the new construction happening in town. Many people move to the area for the small-town feeling that Auburn & Opelika provide. “For investors, ...smaller markets might offer better returns than traditional big cities. Prices are often lower, and the potential for growth is higher as more people move to these areas.” With rising rental rates driven by Auburn University students and new construction opportunities all over Lee County, Auburn and Opelika are the perfect places to purchase an investment property.
Green Buildings Are in High Demand
“Sustainability has become a huge factor in property investment.” Residents in Auburn and Opelika want to save money on energy bills and live in eco-friendly environments. “Governments are also encouraging sustainable construction through tax incentives, which makes these investments even more appealing.”
Renting is on the Rise
The price of homes continues to rise across the country, and Auburn and Opelika are no exception. People of all generations, especially the younger generations, aren’t ready or able to buy and are seeking rental opportunities. Also, many and most Auburn University and Southern Union State Community College students rent off-campus during their time at school.
Property Tech is Changing Everything
“Technology is making a big impact on how properties are bought, sold and managed.” A strong online presence for your investment property will make a big difference in how many people know about it and want to live in it. High-quality photos, videos, and up-to-date information on your property are crucial for a successful investment property.
Watch Out for Interest Rates and Inflation
Finding an interest rate that works for you and your monthly mortgage payment is one of the most important parts of having a successful investment property. “As prices rise, so do rents, which means your property investment can still provide strong returns even in an inflationary environment.”
Affordable Housing is a Growing Opportunity
“There’s a growing demand for affordable housing, and governments are offering incentives to investors who can help meet this need.” Finding affordable housing in Auburn and Opelika can be a challenging task, so having a low-price product to offer is a great way to start an investment portfolio.
Staying up to date on the latest investment trends is a key part of having a successful rental property. The 360 Management Team is here to help you start, build, and grow your portfolio.
Our services can make a big difference! We allow you to get all the benefits of ownership with none of the headaches.
Real Estate license held at the Three Sixty {real estate} East Alabama office.
For access to the full Forbes article, visit this link: Forbes
