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Charlotte Recognized as Top U.S. Investment Housing Market
Townhouse Rentals vs. Condo Rentals in Charlotte, NC
March 28, 2017
Most Common Home Buying Mistakes in a Seller’s Market
April 19, 2017Home Union, an online real estate investment management firm, has ranked Charlotte as No. 9 among U.S. single-family rental markets. No other North Carolina city ranked in the top 10.
The results of the study come as no surprise to local real estate professionals. The Charlotte Business Journal has published numerous articles on favorable Charlotte real estate conditions:
- The median sales price of a Charlotte-area home rose 13.3% in March 2017. (A 2.23% higher increase than the national average).
- Niche.com ranks 12 Charlotte-area suburbs and towns among its top 25 Best Places to Live rankings in North Carolina.
- Rising home prices and rising interest rates may push first-time home buyers out of the market, increasing the number of people searching for a long-term rental.
Charlotte Magazine recently published a Charlotte real estate FAQ article featuring ATTOM Data Solutions Senior Vice President and national housing guru Daren Blomquist. He indicates that Charlotte housing data does not show signs of a market crash.
There are numerous factors to take into consideration when considering Charlotte-area investment property. A Realtor with extensive local knowledge and expertise can help investors feel confident about investment decisions.
Real Estate investors should consider the following when exploring real estate investment markets:
- Climate. If the market changes, will weather and climate still drive people to relocate to the area?
- Rental Rates. Do rental rates support a positive rental yield?
- Tax Savings. Will expenses such as maintenance, mortgage interest, and property taxes reduce taxable income?
- Job Market. Housing isn’t the only market to watch. Does the job market have a favorable outlook?
- Financing. The mortgage industry has changed a lot after the foreclosure crisis of 2006. Be sure to research current mortgage interest rates and downpayment requirements for your investment property.
- Property Management. Can you utilize the services of a reputable property management company to handle the day-to-day tasks of investment property ownership?
Do you have Charlotte property investment questions? Get in touch with our Real Estate Investment Team or call our main office at 704-535-1122 with any questions regarding Charlotte income properties and investment properties. Feel free to search Charlotte real estate for an initial introduction to our local market.
Shelly Henderson
Shelly calls herself a “Charlottean” because her family has been there since her elementary school days. She serves as Henderson Properties’ co-founder, along with her husband Phil, managing the day-to-day operations, social media branding and leadership development. Her different life experiences, both positive and challenging, earned the title to her first book Starting From Scratch. Shelly has a servant’s heart and leads her company with purpose and passion. She is mom to two sons who continue as young adults to make her heart swell.