Why You Should Keep Investing in Charlotte Real Estate

Why You Should Keep Investing in Charlotte Real Estate

charlotte real estate invest

With real estate a seller’s market right now, you may be wondering about the Charlotte investment market. Charlotte is still a great place to invest. From buying wholesale properties to tenant-occupied homes, a supply still exists for investors. We’re seeing clients buy homes to keep as rentals, and others who buy to renovate and sell. Granted, the decision time for making offers is tightened due to a decreased supply; however, the investment market is still thriving. As school starts back and the weather gets cooler, the market historically slows down. The fall and winter seasons are also great times to buy investment properties and renovate them for the upcoming late winter/early spring rental market.

The Greater Charlotte region encompasses Lake Norman to Lake Wylie, Gaston County across to Cabarrus County, all of Mecklenburg County, and the surrounding areas. Charlotte continues to garner a top spot on the list of places to invest, including ranking #3 of the Top 20 Markets in “Emerging Trends in Real Estate – United States and Canada 2016” by PWC and Urban Land Institute.

Rental rates continue to increase, anticipating a higher profit margin for investors. Vacancy rates in the area are low at 5.7%. Charlotte boasts a strong economy, four-season climate, and low cost of living, making it a desirable place for business and life.

Strong Business Economy

  • Mecklenburg County’s Business Investment Plan (BIP) promotes job growth.
  • Operates a Minority, Women’s and Small Business Enterprise (MWSBE) Program to encourage diversity.
  • Home to facilities for 291 of Fortune’s top 500 businesses.
  • Seven Fortune 500 companies and 10 Fortune 1000 businesses are headquartered here.
  • The 16th largest city, with the region rivaling Atlanta and Miami in radius population.

Steady Rental Market

  • Residential rental rates are increasing every year.
  • Demand for rentals outpaces supply, driving up rental rates. Demand for apartments is growing.
  • Many people are opting for renting over buying to experience a low maintenance lifestyle.
  • Properties under Henderson Properties management regularly receive multiple inquiries and applications per property.

Desirable Living Environment

  • Large park system attracts business and residents (sustainability)
  • Strategically located two hours from the Appalachian mountains and three hours from the east coast
  • All type of homes and neighborhoods, from city-center condominiums and townhomes to suburban master-planned developments and single family golf course communities.
  • Building permits and inspection requests are increasing every year according to the Land Use & Environmental Service Agency – a sign of good economic health.
  • Home to major and minor sports teams: Carolina Panthers Football; Charlotte Hornets Basketball; Charlotte Checkers Ice Hockey; Charlotte Knights Baseball; Charlotte Independence Soccer; Belk Bowl college football championship host

 

Interested in purchasing more investment properties? Contact Sales@HendersonProperties.com or 704-544-0253 x256 if you do not already have a sales agent. Do you have a rental property that you would like Henderson Properties to manage for you? Call Brandon at 704-535-1122 x233 or Investors@HendersonProperties.com.

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