Best Investment Real Estate Locations

Where are the best investment real estate locations? If you have enough experience investing in real estate, you can make money almost anywhere, but there are always places that are better or worse for real estate investments. For maximum profits, you want places that have a better demand/supply ratio. You can use the questions below to find them.

Real Estate Demand

1. Does the area have decent job growth? Ask local authorities and use census information. Ideally, you want to see job growth equal to or exceeding population growth. You also want areas with professional jobs moving in. It is estimated that for every professional job created, there are four service jobs created, and all those employees need a place to live.

2. Is the population growing? You can check the US Census figures online, or ask the local government if they have the statistics. Stay away from areas that have little growth.

3. Is there a decent quality of life? It's subjective, but important. Are there theaters and bookstores? Count coffee shops and cafes. Trendy areas usually have increasing demand for housing. It's also a good indication of a high quality-of-life if people are willing to take lower-paying jobs just to live there.

4. Is there wealth in the area? It's a good sign when there is some degree of wealth in a town. Look for nice homes. Wealth means everything doesn't die when the economy slows.

Real Estate Supply

1. Number of homes for sale? Lower supply of homes for sale means upward pressure on prices. This indirectly drives up rents as well, which makes for better investing.

2. New construction? Census figures can tell you what's happened over the last ten years. Check with the local authorities to see if the the number of housing units they've issued permits for is more or less than the expected population growth.

3. Rent and vacancy levels? Rents have to be high enough, and vacancies low enough to justify investing. When we first came to Tucson, every building had vacancies We saw a man holding a sign that read, "Apartment - $250 Per Month." A great place for renters, but not so great for landlords.

4. The available land that is buildable? Of course, less available land is better for future appreciation. When the land runs out, the prices start accelerating upwards.

When you use these questions to compare various towns and cities, you'll see the differences more clearly. You'll have an idea about how housing demand compares to supply in each. This will help you pinpoint the best investment real estate locations.

Posted by Karen Phillips on December 13, 2008 at 12:00 AM

About Karen Phillips
Karen Phillips is affliated with Coldwell Banker Schweitzer, which is located in Troy, MI. For further assistance please use the contact information located on the right.

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Local Information for Troy, MI

Latitude: 42.580141 -- Longitude: -83.14298

ZIP Codes for Troy, Michigan	48007 48083 48084 48085 48098 48099
Area Code for Troy, Michigan	248
Time zone for Troy, Michigan	EST

Other Area Cities: Macomb, MI Troy, MI Pontiac, MI Sterling Heights, MI Rochester, MI Auburn Hills, MI Sylvan Lake, MI Waterford, MI West Bloomfield, MI Lake Orion, MI Lake Orion Heights, MI Pleasant Ridge, MI Rochester Hills, MI Bloomfield Hills, MI Clarkston, MI Commerce, MI Huntington Woods, MI Keego Harbor, MI

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The first land purchases in what became Troy Township were recorded in 1819, when the first land was purchased in section 19. The first settlement was two years later by Johnson Niles, who purchased 160 acres on the SW corner of Square Lake & Livernois, which became known as Troy Corners. Four years later, Ira Smith built the first house at Big Beaver Corners and the first public school taught at Troy Corners. Troy Township was organized on May 28, 1827. In 1966, I-75 was completed in Troy. This gave a major boost to Troy's economy and Troy saw the development of its library, nature center and many other recreational venues. -- Source: Wikipedia.com

Michigan 2000 Census Population Profile Map

	Troy	Michigan	United States
Population	80,959	9,938,444	281,421,906
Median age	38.1	35.5	35.3
Median age for Male	37.2	34.3	34
Median age for Female	39.1	36.6	36.5
Households	30,018	3,785,661	105,480,101
Household population	80,724	9,688,555	273,643,273
Average household size	2.69	2.56	2.59
Families	21,874	2,575,699	71,787,347
Average family size	3.23	3.1	3.14
Housing units	30,872	4,234,279	115,904,641
Occupied units	30,018	3,785,661	105,480,101
Vacant units	854	448,618	10,424,540

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Best Investment Real Estate Locations

Local Information for Troy, MI

Latitude: 42.580141 -- Longitude: -83.14298

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