The Seattle real estate market is believed to have reached the peak and property are very expensive. If you do not know, some of the expensively priced homes in the country are found in Seattle. However, the truth of the matter is that home prices are relatively affordable now compared to where prices were before the bubble burst. In fact, this is the right time to acquire properties there if you have plans to do so because the demand is still high and prices are not coming down anytime soon.
Seattle is a beautiful city and the real estate market is expected to keep on rising in the coming years and those buying properties now are expected to reap huge returns. It is also important to make sure you have chosen the area where you want to invest wisely because not all parts of Seattle are real estate hot spots. Try as much as you can to buy in the growing areas because properties are cheaper and are likely to gain more value in the future. It is advisable to work with some local property managers (http://tsquareproperties.net/) if you are planning to invest in rental properties so that they can help you get a good deal. Meanwhile, here are some of the best areas to invest in real estate in Seattle.
Top Surrounding Seattle Areas To Invest In
Kirkland is a very attractive place to invest real estate in Seattle because many people love living there. The area is a short distance from Seattle across the bridge and suitable for family people and people those who do not like living in the heart of the city. Kirkland has its own shopping center and many beautiful parks that make residents feel at home. Job opportunities are available in the area and its neighborhoods and demand for rentals are very high. The majority of the people who rent houses in the area are the working class in the area and its surroundings. You can, therefore, invest in both residential and commercial properties and make good money.
If you are not conversant with Redmond, let me refresh your mind a little bit. Redmond was ranked by CNN, in 2012, among the top five best places to live in the U.S. This is enough evidence that this is a posh area and real estate properties are highly priced. Demand for both commercial and residential properties is very high in the area and many investors are rushing to acquire more properties there to take advantage of the booming market. Employment opportunities are also available in the area. Remember that some of the leading companies such as Microsoft are found there.
You cannot afford to ignore this area when investing real estate in Seattle. Bellevue is a popular place that was ranked among top 40 best places to live in the country in 2012. The demand for real estate properties is very high in the area and home prices are quite high. There are adequate social amenities in the area to give residents maximum comfort. It is also worth noting that the area hosts some of the best schools, making it an ideal place for families and students. However, it is worth noting that more people work in Bellevue than those living there because residential properties are quite expensive. If you are planning to invest in Condos, family homes, and high-end apartments, then you should not hesitate because these are very profitable in the area. However, you need to make sure the properties are reasonably priced to attract more tenants.
Bothell is another real estate hub in the area that you should consider buying rental properties. The area is located near the downtown of Seattle and a popular place for renters working in the neighborhoods. The majority of the people who live area are financially stable with a medium annual income of about $105000 and do not mind paying more to hire a decent housing. Property management services are readily available in Bothell and other parts of Seattle. If you are looking for a reputable property management company, contact T-Square. Investors do not have to worry about who is managing their properties or tenant satisfaction.
I know that many people do not know this place, but it is among the places where real estate is growing tremendously in Settle. Just to give you some insight about the area, Issaquah was ranked among top 100 fastest growing cities in the country and top 5 in the state by Forbes. The area is a business hub and employment opportunities are numerous. This area is growing rapidly and therefore suitable for those looking for properties to buy properties now so that they can sell later to make profits.