23 Sep

Looking For An Ideal Place To Own Your First Property? Reasons to Invest In the Atlanta Real Estate Market

Real estate investing is one of the booming businesses in the U.S. if you have adequate capital to develop or acquire properties. However, it is worth noting that real estate markets in the U.S. have recovered at different rates since the real estate crash that affected the country several years ago. There are places in the U.S where real estate markets have fully recovered and some areas where real estate markets are still struggling to catch up with the rest of the country. It is important to do some research before buying your first real estate property so that you can take advantage of U.S. real estate markets that are doing very well. Here are some basic reasons why investing in the Atlanta real estate market is a wise decision.

  1. Atlanta has a low cost of living

The cost of living is relatively low in Atlanta and many people are relocating to work and live there. Atlanta is actually ranked fourth nationally based on the cost of living and housing affordability. According to Rent Appeal there is high demand for housing in Atlanta and getting renters to occupy your real estate property is not a problem.

  1. Steady and slow market growth, making real estate affordable

Atlanta is among the few places that have experienced slow and steady growth of the real estate market since the 2008 real estate market crash. If you are an aspiring real estate investor, it is possible to get good properties in Atlanta at very pocket-friendly prices. The good thing is that you are sure that your investment will continue to appreciate as you enjoy your rental income. You are sure to make good profits even if you decide to sell your Atlanta real estate property in the future.

Atlanta Real Estate is affordable

  1. Atlanta is experiencing rapid economic and population growth

Low cost of living has caused many people to relocate to Atlanta causing the population to grow rapidly. Additionally, the economy of Atlanta is doing very well and there is adequate access to job opportunities for Millennials looking for a place where they can live and work.

  1. High number of universities and colleges

It is worth noting that over 30 institutions of higher learning are located in Atlanta. Therefore, if you are planning to invest in real estate and target student tenants, Atlanta real estate market should be your ideal place to acquire your next rental property. Most of the higher learning institutions located in Atlanta do not offer student accommodation, hence the demand for rental houses is very high, especially near colleges and universities.

  1. Low mortgage interest rates

Mortgage interest rates have been very low in Atlanta for many years, even before the 2008 real estate crash that affected the country. If you are a real estate investor planning to acquire your first property on loan, Atlanta is the first place you need to consider. Here you enjoy low mortgage interest rates and it is easy for investors to maximize their cash flow and pay off the mortgage within a very short period.

  1. Atlanta is a center for corporate businesses

Atlanta is a business city and a home to many corporate multinationals such as Coca-Cola, Delta Airlines, and the United Parcel Service among others. Whether you are planning to invest in commercial or residential properties, there is no doubt that you will get renters to occupy your properties. There is high demand for business stalls and residential houses, making Atlanta one of the most suitable places to acquire rental properties.

  1. Very few restrictions and paperwork is required

Atlanta is one of the major cities in the U.S. where real estate is not highly restricted. Whether you want to buy an existing property or build a new one, there are very few restrictions and minimal paperwork is required. It takes a very short time to complete buying a property or to have your documents approved so that you can start developing your real estate properties. For example, I purchased a property in Marietta GA and within two weeks all my documents were approved. This is great for getting your investment started right away.

  1. Good security and political stability

Atlanta is one of the largest cities in the USA where you will get people from all corners of the country and even foreigners. Thousands of people move to Atlanta every year to look for greener pastures and affordable housing. Consequently, the state and local authorities are committed to make sure there is good security and political stability in Atlanta. Aspiring real estate investors have nothing to worry about when it comes to the security of their properties in Atlanta.



23 Sep

What Makes A Great City Livable? Key Real Estate Rules When Buying a Home

The most joyful moment to many people is when they buy their first home. Imagine life without having to worry about a landlord knocking at your door or getting a phone call from a property manager whenever you are late with your rent. However, as much as you want to move from renting to owning a home, it is important to make sure your house gives you maximum comfort and satisfaction. Many people rush to sign papers when buying their first home simply because it has a low asking price. It is important to do extensive research when buying a home to make sure you do not regret your purchase several months after you have moved in. You need to ask yourself why the home is selling for a very low price and why the previous owner is quick to dispose. Is the city you want to buy your home livable or are people selling to move to other cities? In order to make informed decisions when buying a home, the following are the key rules to guide you on what makes a great city livable.

  1. Good security

Many people are lured by cheap price when buying a home and forget about asking about the security of that area. For a city to be livable, it has to have good security and political stability. No one wants to buy his or her first home in a city with political instability or a high crime rate. It is very sad to live in a city where you are always worried about your safety and your belongings.

Security is very important when buying a home

  1. Access to job opportunities

Access to job opportunities is a very important factor to consider when buying a home. This is because you need to continue working and support your life and that of your family members. Unless you are looking for a home to retire to, it is important to consider a city with plenty of job opportunities. You need to buy your home in a city close to your place of work to save on transport costs and for convenience purposes. If you are not on a permanent job, it is wise to buy a home in a city with access to job opportunities so that it can be easy for you to change jobs when need be. If you are a businessperson, it is good to consider buying a home in a city where there is a conducive environment for your business to thrive.

  1. Access to social amenities

Social amenities determine your comfort in the city you want to buy your home. For a city to be livable, it has to have good roads, health care institutions, recreation centers, water and electricity supply, schools, good drainage and road network among others. It is wise to pay more for a home in a city with adequate social amenities than buying a cheap home in a city where you have to drive hours to take your children to school or to do shopping.

  1. Consider the cost of living

The cost of living is a very important element to consider when buying a home because it affects your comfort in your new home. If you are a first time home buyer or a millennial working on a tight budget, understanding the cost of living in the city you plan to buy your home is very important. You need to make sure the cost of living is affordable to you and you can sustain your family’s comfort. Remember that there is life after you have moved to your new home. You need to buy food, pay for healthcare services, pay utility bills and other social amenities. It is unwise to buy your home in a city where the cost of living is very high and you cannot even afford to take your children to a good school. Always consider buying a home in a city where you can afford to live comfortably without having to struggle to make ends meet.

home safe for family

  1. Good climate

Prevailing climatic conditions is one of the key factors that should guide you when buying a home. You need to do proper research about the prevailing climatic conditions in the city you intend to buy your home. Make sure the city does not experience harsh climatic conditions such as extremely high temperatures, extremely low temperatures and snow. You need to make sure the climate in the city you want to live is favorable to you and your family members.

  1. Vibrancy and hospitality

Another important rule when buying a home is to always consider the hospitality of the people and the vibrancy of the city. Human beings are social beings and it is important to buy a home where your neighbors are welcoming, social and supportive. Your children should live in a city where they can play comfortably with other children in the neighborhood. Moreover, a livable city should be vibrant with relatively active people. Life can be very boring if you buy a home in a dull city where there is very little activity taking place.



23 Sep

Owning Real Estate in Denver Made Easier with Presence of Reliable Property Management Companies

Owning real estate is one of the best ways a person looking to invest and create passive income can do. However, real estate investing is highly competitive and property owners are required to hire good property managers to look after their investments. Sometimes real estate investors are unable to realize their dreams due to lack of reliable property managers to take care of their investments. If you are aspiring to own some property in Denver, availability of property management services should not worry you. There are numerous property management companies in Denver ready to help real estate investors take care of their investment properties. This is actually one of the key reasons why owning real estate in Denver is a good move. The following are essential services that real estate investors enjoy from rental property management companies in Denver.

1. Property Repairs and maintenance services

Real estate investors do not have to worry about doing repairs for their properties and other maintenance services. It is the responsibility of the property manager to repair and handle maintenance needs on behalf of their clients. According to McGuire property management, All a real estate investor needs to do is to mandate their property managers to do repairs and other maintenance services for their properties. This should be included in the agreement between the property owner and the property manager.

2. Free property marketing services

Denver Real Estate is quite competitive and it can be difficult for property owners to reach potential renters and buyers, especially if they do not have adequate marketing skills. However, property owners do not have to worry about potential buyers and renters if they hire a professional. Denver property management companies market properties on behalf of their clients. Once you have hired a reliable property management company to look after your real estate investment, it automatically becomes their responsibility to look for potential tenants.

3. Screening of new tenants

One of the biggest challenges to many real estate investors is to screen potential tenants in order to identify honest ones and those who might cause problems in the future. Sometimes real estate investors end up accepting unruly tenants in their properties because they want their houses to be fully occupied or because they lack skills to screen potential tenants. When you own a rental property you can hire a property manager to look after your investment and screen new tenants on your behalf.

4. Collection of rent and rental deposits

Although rental properties are a good source of passive income, running after tenants every end month can be very stressing. Collecting rent can be very tedious, especially if you are dealing with uncooperative tenants. However, this does not need to be an issue since there are reliable property management companies that you can hire to look after your investment and collect rent on your behalf. Owning real estate in Denver is now easier than ever because you do not have to keep running after tenants every end of month, you simply need to hire a competent property management firm. Once you have hired a property management company to take care of your investment, you can rest assured that money will be deposited in your account every end month or according to the agreement between you and your property manager.

5. Handling legal issues

Property management is a very sensitive undertaking that involves adherence to various laws and regulations(https://en.wikipedia.org/wiki/Landlord%E2%80%93tenant_law) governing housing in different states. Some real estate investors find themselves in problems for not abiding by housing regulations and state laws. Hiring unqualified property managers to look after your investment can also put you into problems with tenants. However, property management companies in Colorado handle all property related legal issues on behalf of their clients and property owners do not have to worry about legal issues.

6. Regular property inspection

Real estate investors have the obligation to inspect their properties regularly to make sure that it is in good condition. This can be very stressing if you live far from your property and you’re dealing with uncooperative tenants. However, this should not worry you if you have a property management company working for you.They will inspect properties on your behalf and on regular basis to ensure your rental properties are in good condition. They also advise property owners whenever maintenance is required so that their properties can keep on appreciating.

Home rentals in Denver

7. Responding/ addressing tenancy issues

Addressing tenancy issues and responding to calls from tenants whenever there is an emergency or an issue to be solved can be very stressing, especially if you live away from your property. However, you do not have to worry about responding to tenancy issues in Denver as long as you have hired a competent property management company to look after your investment.