- Crime: Trends in foreclosures, vacancies and crime rates in the neighborhood can tell you a lot about the area.
- Weather: Severe weather, such as hurricanes and tornadoes, tend to strike in recurring regions and result in extensive property losses. According to a study by WalletHub.com, states with the highest property losses from natural disasters are Missouri, Oklahoma, Texas, New Jersey, and New York.
- Financial Stability: Property values, tax rates, and future development projects in the neighborhood and surrounding areas can be useful in projecting the property’s long-term appreciation.
- Demographics: Population growth and average income statistics in the geographical area can provide insight into the value of the property, short and long-term.
- Transportation Improvements: Planned transportation projects can impact the appeal of the property to renters and the property’s long-term value.
- Political Leadership: Strong, forward-thinking political leadership can help to increase the value of real estate prices in the long run. A city that is innovative, entrepreneurial and flexible will attract good things for businesses and residents to that particular area.
Using our experience and real estate knowledge of the local area, Real Property Management can help you assess potential properties to make a solid investment.