Attractive Market: The Best Places to Invest in Real Estate in 2021
Real estate investing will make you rich…if you do it right. But don’t take out word for it! Listen to the 19th-century billionaire industrialist, Andrew Carnegie, who claimed that 9 out 10 millionaires generate their wealth this way.
As one of the richest men in American history, you can trust what that guy had to say. However, he’d have been the first person to admit that not all property’s made equal. To find success in real estate you have to buy high-quality property, in first-rate locations, and in an attractive market to boot.
Alas, all that’s easier said than done when you’re new to the game. Know the struggle and want some insider tips on where to look for investment opportunities this year? Check out this guide to the best places to invest in real estate in 2021.
Scottsdale has been on the radar of real estate investors for a while now. Why? Because, from its high quality of life and attractive tax rates to solid rates of appreciation, it offers investors an array of enviable benefits.
In addition to the incentives we just mentioned, the median income in Scottsdale’s double the national average, and the weather’s great too. Combine those facts with a limited supply of housing that’s available and it’s no wonder the demand to live here’s so high. Throw in a set of laws that make evictions, maintenance, and entry requirements easier for landlords and you’re onto another winning place to purchase an investment property- especially for rental purposes.
Houston’s another place that’s well-known among real estate investors. The market here is always active, with high rates of demand and turnover. Invest in Dallas property, then, and it should be easy to find a) tenants for any rental and b) buyers whenever you look to sell.
This thriving market’s driven by a variety of factors. First and foremost, though, gas and oil are major employers in the area, which means the job market’s strong (and unemployment rates are low) at all times. The city’s also become a hub of international trade and is growing fast, which is driving up demand in the process.
Oh, and the mass of land in Texas makes housing relatively budget-friendly too. Whether you’re buying townhouses, repossessed villas, or loft conversions, you’re onto a winner in the Dallas real estate market.
The capital of Idaho, Boise, is both a beautiful place to live and an amazing real estate investment opportunity. House prices are high, but they’re continuing to increase thanks to attractive fixed-rate mortgages and limited inventory. With an annual appreciation rate on properties of around 10%, anyone who invests in Boise can expect a sizable profit to come their way.
Don’t miss out. The housing market here’s hot right now, with a fast-growing population, a strong job market, and low rates of unemployment. All told, the high demand for property in Boise is well-founded, making it the perfect location to buy yourself some real estate.
Another location with a strong job market and fast-growing population, Florida’s regularly ranked #1 on ‘best investment opportunities’ lists. For good reason, too.
Alongside those considerable incentives, few places offer their inhabitants as many social and economic benefits as Orlando. Property remains affordable (especially when you consider the qualities on offer), taxes are all-but non-existent, and the climate’s incredible throughout the year. Oh, and Florida’s also incredibly popular with tourists.
All told, it’s easy to see why so many people want to live here! Purchase Orlando property and you’ll leverage that demand and enjoy hearty profits on the investment over time.
Colorado Springs, Colorado
Most Colorado-based real estate investors head straight to places like Denver. This makes sense as it’s the most populous city in the state. However, we recommend paying attention to underrated Colorado Springs as well.
The cost of property’s much lower here (think two-for-the-price-of-one kinda low), non-farming jobs are on the rise, and it’s very much a seller’s market right now. In other words, demand outweighs supply and your investment stands to make a good profit!
You can see Colorado Springs as an up-and-coming marketplace. It may not be as attractive as other places right now in terms of appreciation rates, but there’s huge untapped potential that’s increasing every year.
Looking to invest internationally instead? Well, cities don’t come much better for it than the UK Capital, London.
Brexit might have muddied the waters, but there’s no question about the demand for property here. London’s population is growing all the time, employment opportunities are rife, and the quality of living in most areas is unparalleled. It’s also an exciting, historic location with amazing attractions for people of all ages, which pushes housing prices up as a result.
You’ll need a sizable amount of capital to get your foot in the door. But once you’re in, you’ll never struggle to find tenants, exit when the time’s right, or see a healthy rate of appreciation each year.
Remember These Attractive Market Insights in 2021
Real estate investing has been and always will be an amazing way to make money. After all, you’re buying a physical asset that can drive revenue in perpetuity and increases in value year over year. Don’t be fooled though…
The potential on the table doesn’t mean it’s easy. Success in this field requires strategy, experience, and an attractive market to boot! Buy the wrong property at the wrong time in the wrong place and you’re on a one-way ticket to financial trouble.
We hope the suggestions in this post will help any aspiring investors avoid that fate. Keep these places to invest in real estate in mind and you should be one step closer to the positive financial outcomes you’re pursuing.
If you want to learn more about real estate investing, browse the ‘Real Estate & Home’ section on the website now.