If you’re looking to learn how to get started in turnkey rentals, one of the first topics you’ll be exposed to is location. Location is one of the most important factors in investment rental properties – it’s one of the first factors tenants typically look for, and can make the difference between a completed agreement and a potential client looking elsewhere.
At Americas Housing Alliance, our rental properties and communities are placed exclusively in excellent locations for the entire family. Let’s find out some of the most important factors that go into determining whether a location is desirable in real estate.
From a property value standpoint, there’s little more important to location than what it gives the renter and family access to. This can change based on preference, but as far as the overall market goes, a few typically desirable areas near a property’s location include:
There are also a few areas of proximity that are typically considered location downsides:
Neighborhood safety is another big crux point, especially for people with children or who may have children in the near future. It’s easy to look up crime statistics online these days, and also to check whether neighborhoods have a neighborhood watch in place. Safe areas attract the best tenants, who in turn help raise property values over time – it’s a good cycle to get in on the ground floor.
Proximity to schools deserves its own paragraph because of the way it can vary in real estate valuation. Some people view living close to a school as a positive, especially those with children, and many areas will have values that reflect this. Others, however, especially those without children, prefer to live away from the traffic and crowding that can often come with living very close to a school. You may have to do some research on the specific effect of schools in an area you’re looking at.
We can help with that at Americas Housing Alliance, and we’re here to assist with any other concerns you may have in the turnkey rental industry as well. Speak to one of our experts today.