Those looking for secure investments should look no further than real estate. People will always need places to live it, meaning that there’s no worry about the future of this business. The only concern is finding the right time and the right place to make an investment.
According to Zillow, a company that tracks real estate data, now seems the right time to start buying properties. In general, the prices of real estate in the USA are fairly low, but that’s about to change pretty soon. This means that if you have some extra money, putting it on real estate is bound to bring big profits in just a couple of years.
To make sure that the profit is as high as possible, you need to choose the location wisely. The good news is that the Forbes has done a research to find out which US cities are the best for housing investments. Here are a couple of them.
Grand Rapids, Michigan
The second-largest city in Michigan is the best place to buy real estate at the moment. According to the data from Numbeo, the average price of a square meter in this city is 586.03 dollars. Of course, being the average, this means that you can find even cheaper properties in Grand Rapids. The population in this city has grown by 3.1% rate in the last 3 years, while the employment rate is also rising constantly. Both of these factors make investing in Grand Rapids’ real estate a smart choice.
With the population of over 2.3 million people, Orlando is a heaven for investors. On top of that, the fourth-largest city in Florida is also a big tourist center. In fact, it’s been called the “theme-park capital of the world”, having more amusement parks than any other city on the planet. When it comes to the prices of real estate in Orland, they are currently very low. The average price of a house stands just over 200 thousand dollars.
San Antonio, Texas
San Antonio is another real estate jewel, where you can find homes in great condition at very affordable prices. The prices are even lower than in Orlando and if you find a good real estate broker, you can buy a house for less than 150,000. That is one of the reasons why it’s wise to have a list of realtors in your possession.
Charlotte, North Carolina
Charlotte is the commercial center of North Carolina, which makes it a favorable spot for real estate business. But, it’s not only the uptown that’s been in the focus of investors. In fact, the suburbs of Charlotte is where the money lies. Investing in a house worth about 200 thousand dollars is expected to bring fine returns in just a couple of years. Apart from investing, Charlotte is also a great place for the families looking for a new home. Not only is crime rate low, but you can also choose from a huge number of spacious, luxury furnished houses in the 200-300 thousand dollars range.