Find out why now is the right time to invest in Lehigh Valley real estate
Investing in real estate can be a daunting task, and getting started can be the hardest part. Even though some believe buying, renting out, and maintaining a home other than their primary residence is too difficult or beyond their means or capabilities, the risk that many associate with real estate investment does not have to be as scary as it seems. Offering desirable living in a strong market, the Lehigh Valley can be a great place to start for first-time investors. Here are a few reasons why.
Convenience
Located under two hours outside New York City and an hour outside Philadelphia, the Lehigh Valley has become a haven for people looking to escape the high property prices and taxes in New York, Philadelphia, and New Jersey. Cities like Allentown, Bethlehem, and Easton offer an escape from these urban metropolises, charming potential residents with their small-town feel and modern cultural attractions. Each presenting a blend of historic and contemporary architecture, communities in the Lehigh Valley have spiked in popularity in recent years.
Buyers also get more bang for their buck here, with many properties presenting larger lots, grander homes and access to dining, shopping, entertainment, recreation, and more. There couldn’t be a better time to start looking at investing in Lehigh Valley real estate.
Rental Potential
When demand is high and inventory is low, buyers who want to call Lehigh Valley home but are holding off until their dream home hits the market may opt to rent until that day comes, which--in a hot market like the Lehigh Valley--could be a while. Thus, rental potential for investment properties in the Lehigh Valley is strong, providing another option for potential residents who may not be ready to buy or are looking for a less permanent living situation.
Resale Value
With inventory low and demand holding steady, home prices in the Lehigh Valley continue to go up. While it is difficult to predict trends down the road, the patterns Lehigh Valley real estate has presented in recent years are encouraging for investors who are looking to turn a profit on their investment. Lehigh Valley real estate is a great market to get into if you are looking to buy, flip, and re-sell a property, as there are a number of older homes in need of renovation, and the demand for newer homes is there.
If you are interested in investing in Lehigh Valley real estate, contact us today. It would be our pleasure to help you through the process.