Making an investment is no easy task. Before you buy a property or spend some cash on opening your own business, it’s a good idea to plan ahead and do your math first. Any wrong move or miscalculations can throw all your hard-earned money to waste. Aside from your capital and expected returns, check which places are the best to invest your money in. And if it’s a property you’re looking for, one of your best options is Atlanta, Georgia. Here are a few reasons why:
Atlanta is one of the fastest growing metros. In fact, between the years 2010 and 2014, more than 200,000 people moved to the area.
Atlanta has a low cost of living, not only for groceries but also the low cost of housing. Interest rates on mortgages are comparatively low, which gives you a good opportunity to maximize your cash flow or quickly pay off your property.
While plenty of people enjoy living in the suburbs, the city itself is experiencing a period of enormous growth, thanks in part to the immense amount of development. The BeltLine is a former railway corridor around the core of the city, which has begun to be transformed into a multi-use trail. Much of it is already completed, and the entire project is slated to be finished by 2030. At the same time, old factories are in the process or have already been converted to mixed-use spaces. Ponce City Market is housed in the historic Sears, Roebuck & Co. factory, and the Krog Street Market used to be a 1920’s warehouse.
Additionally, Hartsfield-Jackson Atlanta International Airport is the busiest in the world. As a hub for Delta Airlines, the airport boasts nonstop flights throughout the US and internationally, making the city extremely easy to get to.
Several Colleges and Universities
There are more than 30 institutions of higher learning in Atlanta, ranging from Georgia Institute for of Technology and Emory University to Georgia Perimeter College. Students often live in off-campus housing, providing ample opportunity for renting properties to undergraduate and graduate students.
Older Homes Aren’t Expensive
Atlanta may be known as the city that constantly rebuilds, but there are many old home available to invest in. Older neighborhoods in the city offer ample choices for renovations, especially in Kirkwood, Edgewood, Old Fourth Ward, and other communities.
Many of these old houses are extremely affordable. Many were built in the first quarter of the 20th century. However, you can easily renovate them in a smart home to make them more attractive to renters.
Properties in Atlanta are fairly inexpensive. Depending on the area, you could invest in a three bedroom, one bath in a desirable area under $300,000.
High Capital Growth and Rental Returns
Atlanta is home to several large and popular corporations, namely UPS, Coca-Cola, The Home Depot, Delta Airlines, and more, offering many jobs and a consistent income growth rate. Additionally, Atlanta is now known as the third largest film industry in the country, behind only California and New York, bringing more growth to the city. Partnered with an increasing population and strong demand, capital growth in Atlanta is expected to continuously be on the rise.
Contact us today to talk about your options!