The real estate market is one of the best investment choices especially for realtors wishing to invest around Phoenix, Arizona. The real estate market collapse was indeed a blessing in disguise for Phoenix, the boomer region that has seen an upsurge in real estate profits ever since. Other than the excellent home value, many investors prefer Phoenix for many reasons. Here are some of the reasons why many people turn to Phoenix and why investing in the city is a great idea.
Snowbirds Invade Phoenix in the Winter Months
Snowbirds or retirees who prefer spending the cold winter days in warm and pleasant weather mostly choose Phoenix. This provides a great demand for properties to rent and buy, which is why you should be among those benefiting from this market. Such people look for the most prime property and are ready to pay $20,000 for homes near resorts and other luxury amenities. There are therefore pleasant returns for investors who can get anything from 9-12% annually.
A Fast Growing Population
Phoenix population is growing fast as the economy diversifies, making real estate a smart investment choice. The fact that there are great job opportunities including top institutions such as Arizona State University makes Phoenix a magnet for career people. So why not use this moment to multiply your revenue through investing in real estate to house the massive population?
Phoenix, AZ has a rich real estate potential considering its wealth of natural resources that make people want to live there. The South Mountain Park and botanical gardens like Desert Garden attract new dwellers to the area every year. Investing in such an area is great as there will be plenty fun activities that residents can engage in and this is definitely a great selling point. Regular visitors prefer buying real estate to use when they are in the area and rent it out for the rest of the year.
Lots of Sun
Phoenix boasts 320 years of splendid sun in a year, making it an ideal destination for ardent golfers. People dream of setting up home in phoenix because then they can enjoy unlimited golf at world famous courses like Superstition Springs Golf Club and Arizona Baltimore Adobe. Besides golf, other sports enthusiasts like to buy real estate in the area because then they will share homes with major teams like Cardinals Football Team, Phoenix Coyotes Ice Hockey team and the Phoenix Mercury Women’s’ NBA team to mention but a few.
Phoenix is the Hot Spot for Real Estate
People are constantly looking to live in Phoenix for the great sunny weather as statistics show the area as one where real estate properties never sit empty for long. This is why every potential investor seeks property in the area rich with foreclosure properties that every investor would love.
Phoenix, AZ is ideally the real estate hot spot of Southwestern U.S but benefits certainly do not come without sheer hard work. You have to prepare and parade your property in the best possible way to attract anyone seeking to buy. A good marketing strategy, choice of location and size of property are some ingredients for absolute success in the Phoenix real estate market that every investor must consider.