These days, property investment is one of the most profitable investment options with the highest returns. However, you need to be sure that you’re buying a property in the right area. Nashville is undoubtedly one of the best choices for any property investment. Just a decade ago, Nashville became one of the most excellent places for real estate investment during a financial boom that carries on today. Apart from its robust real estate market, Nashville is best known for its country music and is a popular tourist attraction for this reason. In 2017, investment trends had a good outlook and continued to improve in 2018 as well. Here, we’ve compiled the top ten reasons why you should invest in the Nashville real estate market.
Well Established Economy With Attractive Job Opportunities
Nashville is home to a wide array of maverick industries including but not limited to: technology, health, and education. Also due to its proximity to the country music industry, financial sectors remain a solid opportunity in Nashville--creating a plethora of jobs for bankers, accountants, analysts, and budget professionals. A similar rising trend is expected to occur in the next decade particularly for IT professionals.
Better Demographic Trends
Compared to other parts of the country where the average age of citizens is 40-years-old, the average age of Nashville residents is 33-years-old, meaning that there are more young adults and children living in this city. Considering the attractive job market Nashville offers, a lot of people are flocking to the country music capital to buy homes and raise families.
Better Standard Of Living Attracts People Of All Age Groups
According to recent research, Nashville is ranked as the 11th best place to live in the country. With a low crime rate and quiet suburbs, it also remains an ideal contender for retired individuals seeking housing. Considering the growing economy and increasing population, Nashville hands-down is one of the most desirable cities for buying real estate. Acquire your dream property investment in Nashville while you can!
In recent years, the local Nashville government has concentrated its efforts towards a lot of positive redevelopment projects throughout the city.
High Headcount of Students
Nashville is home to a lot of universities including--Tennessee State University and Lipscomb University. Students seeking quality higher education flock to these institutions and seek living accommodations in the Nashville area as a result. If your real estate services target students, Nashville is undoubtedly one of the most attractive real estate markets where you can invest within the niche market of student housing.
Tourism Leads To Higher Demand
When making a real estate investment in Nashville, keep in mind that you can acquire a lot of tenants due to the city’s booming tourist industry. Nashville, TN is a bustling area where you will see a lot of tourists including families and couples who visit for a short time as well as students and other individuals working at famous attractions and eateries that serve this influx of travelers. As a result, there is a higher demand for the renters’ market in Nashville.
Higher Affordability Level
Compared to many famous cities throughout the U.S. like Los Angeles or New York, Nashville is a lot more affordable and cost-effective when it comes to housing and real estate. As an investor, you can purchase two large-sized houses in Nashville for the price of one condo apartment in California. On average, you can buy a house for USD $240,000 in Nashville, which is much more affordable in other desirable areas. Thus, buyers and investors can get an attractive deal you won’t see anywhere else except for the Nashville real estate market.
High Stability Level
Over the years, the rate of employment in Nashville has remained consistently high. According to recent research, this rate would be not majorly affected even if there was a rut in available resources. According to the Nashville Business Journal, the city is one of the most stable options in the country for real estate investment.
Landlord-Friendly Living Accommodations
Nashville has highly favorable landlord conditions. Unlike many other places, there is no written lease agreement required if the tenure is less than three years. Similarly, there is no need for paper receipts for deposit and rent payments. No interest but a fee applies on deposit payments but only if a valid reason is administered.
High ROI (Return on Investment)
Compared to surrounding areas in Tennessee, the rent prices in Nashville exceed by $200. In the case of houses and larger apartments, posted rent ranges between $1500 and $2000 per month. Due to higher density housing and higher demand, the slightly higher rent prices make Nashville a profitable area for real investment purposes.
Amy Jackson, The Best Real Estate Expert in Nashville
If you’re in need of a reliable and trustworthy real estate agent, Amy Jackson is the sole name to rely on for buying a home or property in Nashville, TN. Amy Jackson has a solid foundation of experience helping people acquire their dream home or property--from executives of Nashville businesses to top music artists. If you need more information regarding Nashville real estate, get in touch with Amy Jackson directly via phone or email to get started!