Has being a rental property owner sparked an interest in investing in additional properties? When investing in rental property, you are also investing in the neighborhood. Choosing the right location is as critical as the home itself, and can result in attracting quality tenants willing to pay higher rent and in enhancing the long-term value of the property. Here are some tips to consider when choosing the location of your New Hampshire rental property.
- Crime: Trends in foreclosures, vacancies and crime rates in the neighborhood can tell you a lot about the area.
- 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.
Ensure you partner with the property manager who runs your property like a busines. Using our experiance and real estate knowledge of the local area, Real Rroperty Management can help you assess potential properties to make a solid investment.
Tags: Property Management, NH Real Estate, RPM Seacoast NH, Seacoast New Hamspshire
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