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What Makes A Place A Great Place To Invest In Real Estate? 8 Reasons
Dec 21, 2024
Investing in real estate is one of the most significant financial decisions many people make, and the question of where to invest often arises. In this episode of Real Estate Crunch, Anita explores the essential factors that define a great real estate investment location. Learn about personal considerations, economic indicators, and the importance of long-term growth potential to guide your decisions. Click here to dive deeper and read more about What Makes A Place A Great Place To Invest In Real Estate? 8 Reasons (https://real-estate-crunch.com/what-makes-a-place-a-great-place-to-invest-in-real-estate-8-reasons/) . #RealEstateCrunch #RealEstateInvestment #PropertyGoals #InvestSmart #MarketInsights #RealEstateTips #FinancialFreedom #InvestmentPlanning Support the show (https://www.buzzsprout.com/2029617/support)
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[Music]
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hi this is Anita from Real Estate crunch
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you know a lot of people when they are
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looking at real estate they what makes a
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place a great place to invest and here
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are some of the reasons why eight
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reasons why I have what makes a great
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place a place to invest first of all is
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a place you're going to live especially
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if this is the place where you are
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planning to
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live invest in the place where you're
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going to
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live first of all you'll build equity
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second of all you have a sense of
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ownership and third there'll be some tax
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benefits from you investing in a place
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where it's near where you live or work
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or where your family is or where you
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grew up that of course would be the best
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place for you to
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invest you know buying a property might
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seem daunting if you're living in a city
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with a high rental cost such as New York
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San Francisco but however if you plan to
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stay longterm you know investing there
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could be a smart move because you know
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then your money is building
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Equity um you know the other reason
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would be if the mortgage payment is the
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same or lower than rent you know
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sometimes the mortgage payment is the
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same or it's lower than your rent then
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that could mean that that's a good time
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to be able to buy and why this matters
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because you could save cost um you
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protection from rising rents and you
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know force you to save you're going to
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be building Equity you know into the
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property that you're buying you know
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remember you need to account for things
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like you know property taxes Insurance
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maintenance cost when comparing mortgage
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payments to rent and investigate
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programs for first time home buyers or
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you know low interest programs to make
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ownership more
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accessible you know you know you work in
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the city like people ask well should I
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invest where should I invest well if
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you're working there you know it's a
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logical choice if you're going to be
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close to your workplace if it's um you
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know convenient if you've got job
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stability if it's a job where you think
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you're going to be able to have it for a
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while and you've got to resell value I
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want to make a comment here about remote
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work a lot of people have started
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investing in other places during the
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pandemic because you know they thought
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remote work's never going to end well
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the truth is now many companies are now
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requiring employees to return to the
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office at least part-time and I believe
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that this is the trend which is going to
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continue where you know employees or
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employers are going to want people to
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return to the office at least part of
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the time or at least so many days a week
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to be into the office investing in a
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place where you are you know maybe it's
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not near your work may not be
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necessarily the wisest choice if you
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plan on staying there unless you're
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going to rent it out to somebody so if
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you're going to if it's going to be a
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rental property then maybe but if not it
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may not be the best choice another thing
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would be a city that's growing if you're
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in a city that is growing um you can
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look at the economic growth the job
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opportunities the infrastructure
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development you know some key indicators
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to look for with would be population
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increases are businesses locating there
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are there infrastructure projects going
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on and public transport and other things
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that are showing that they're going to
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revitalize neighborhoods and have
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growth um another one would be
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affordability and cost of living you
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know affordability is a crucial
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consideration when evaluating a a real
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estate investment does it have a
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reasonable cost of living you know if it
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has a High Cost of Living where Market
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values out Pace Rand it may not be good
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if it's sustainable you know resident
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more likely to stay long term but if
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it's a place where it's just too
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expensive nobody can afford to buy that
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might be a problem is there a potential
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then for appreciation or is the market
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so high now that you know maybe it's you
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know not the best time to buy I was
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talking to someone in fact this morning
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about they were looking to buy an
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apartment in Cypress and I said why
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didn't you buy one he said well because
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there's so many people moving there now
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from Israel and other places it's just
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the Market's just way too high I feel
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like it's too high for what you're
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getting so you know that could be an
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example of where you know maybe the
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Market's just so high now that you want
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to buy at the high end of the market so
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it may not be the best time to
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buy that's where you should also look at
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local real estate Trends price to rent
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Rao ratio this is um compar the cost of
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buying a home to the cost of renting a
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lower ratio often indicates a good
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market for buying to rent
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you know vacancy rates is there a lower
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vacancy rate you know suggest that
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there's a you know solid rental
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demand uh making you know tenants easier
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if you need to rent out and is there
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appreciation Trends you know other thing
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to look at lifestyle you know people
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want to invest in an area they want to
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be in an area where they know they're
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going to get a good lifestyle where you
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know do they have parks are restaurants
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is there entertainment is the shopping
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nearby is the area attractive to buyers
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and renters does that resale value will
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it sell at a you know will it sell at a
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higher price or will it sell faster are
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renters more likely to stay in an area
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with a higher quality of life is there
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some future development are they
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planning to do some commercial
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development is a city investing in
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transportation or public services you
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know property values likely to rise in
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the area these are all things to look at
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when you're looking to buy and this is
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why you know buying property can be a
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very complicated thing because there's
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so many factors you need to look at and
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you need to be able to decide is this
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the right place for me to buy and should
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I be buying property here and is this a
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place that you know if I'm buying here
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do I want to live and do I want to live
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long term this is Anita from Real Estate
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crunch we've hope that you've enjoyed
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this we're going to put a um link to our
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blog post on what makes a place a great
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place to invest in real estate eight
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reasons um into our description so if
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You' like to be able to read more and
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see some of the reasons you can be able
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to read more and see and if you're
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looking to buy then Happy buying if
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you're just investing happy investing
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thank you so much for listening
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[Music]
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