The rage of flipping houses is long gone, with the real estate market stabilizing and the price of houses rising steadily. This means it's time to take a different approach in US property investment: buy for long-term. Either you think of becoming a landlord or you just want to relocate your family, now is the perfect time to buy a house you will own for many years to come.
In the following, we take a look at the best areas across US for buying real estate.
General guidelines for new investments in 2015
Before you buy a house for the long term you need to look at some of the most important factors which can alter its value in the future. These are jobs growth, overall development of the area and the current market value.
All the places on the following list of Best places have under-evaluated properties, which means they are still underneath the average price, despite the rise in house pricing. On the long run, you will buy at a rather low price and then you can sell at a higher price or rent at a higher rate. Speaking of rentals, the level of development of a certain area and the number of jobs is very important – the more jobs will emerge in an area, the more people will move into that area, thus, the price of houses will rise even further. This is why economic growth is very important right now to make a successful deal. With these in mind, here are the best places for US property investment in 2015.
Austin, Texas - The first pick of specialists when it comes to real estate investments is Austin, Texas, which promises to offer a steady supply of renters. This is because the annual job growth rate is around 3.6%, which is one of the highest rates in US. This means that more people are expected to settle down in the area, thus looking to rent or buy homes.
Grand Rapids, Michigan - With an impressive job growth of 3.7%, this is a great competitor for the first entry. It lands on the second place because Austin's metropolitan area growth is at 8.9%, beating Grand Rapids' 2.8%.
Orlando, Florida is the third best place for US property investment in 2015, so if Texas is not your favorite, head for sunnier beaches.
These three places provide stability and they make great real estate investment opportunities, so pick a house and bid for it. Check Here
In the following, we take a look at the best areas across US for buying real estate.
General guidelines for new investments in 2015
Before you buy a house for the long term you need to look at some of the most important factors which can alter its value in the future. These are jobs growth, overall development of the area and the current market value.
All the places on the following list of Best places have under-evaluated properties, which means they are still underneath the average price, despite the rise in house pricing. On the long run, you will buy at a rather low price and then you can sell at a higher price or rent at a higher rate. Speaking of rentals, the level of development of a certain area and the number of jobs is very important – the more jobs will emerge in an area, the more people will move into that area, thus, the price of houses will rise even further. This is why economic growth is very important right now to make a successful deal. With these in mind, here are the best places for US property investment in 2015.
Austin, Texas - The first pick of specialists when it comes to real estate investments is Austin, Texas, which promises to offer a steady supply of renters. This is because the annual job growth rate is around 3.6%, which is one of the highest rates in US. This means that more people are expected to settle down in the area, thus looking to rent or buy homes.
Grand Rapids, Michigan - With an impressive job growth of 3.7%, this is a great competitor for the first entry. It lands on the second place because Austin's metropolitan area growth is at 8.9%, beating Grand Rapids' 2.8%.
Orlando, Florida is the third best place for US property investment in 2015, so if Texas is not your favorite, head for sunnier beaches.
These three places provide stability and they make great real estate investment opportunities, so pick a house and bid for it. Check Here