How to Find Hidden Gems for Investment Properties
Investment properties, whether you’re choosing short- or long-term rentals, will always be a big part of the WNC landscape. As the cloud of the novel coronavirus begins to lift over time, vacations will start back up again in our mountains. People will move in and out of the city. So how do you find those hidden gems? Here are a few tips to help you look outside the box.
Look Outside the Asheville Zip Codes
Asheville has been booming for a long time. The pandemic might change the housing inventory for a while, but it can still be expensive to move into one of the Asheville zip codes. That’s why looking outside of Asheville for investment properties in nearby, but still commutable areas may be a great bet.
Some places to look can include:
- Candler
- Fairview
- Weaverville
- Bent Creek
- Woodfin
- Swannanoa
Listen for Great Deals
Another trick to finding the right place to buy is just to listen for good deals. Friends, family, acquaintances, or anyone you meet might give you some insight on places they believe are a good fit. It’s always worth checking out those leads.
Be Patient
Another important factor for buying an investment property is patience. Unlike buying your permanent residence, which can sometimes come with a sense of urgency, a rental property doesn’t need you to jump as fast. You can take your time looking for a really good deal.
Long- or Short-Term Rentals
In the Asheville area, of course, it’s also important to consider what kind of investment property you want to buy. We’ve explored these questions in the past, so we encourage you to take a look back.
Keep in mind that some things have changed, so always do your research and due diligence.
Are you looking for an investment property in the Asheville area? Call GoPrime Mortgage of West Asheville, 828-348-1907, to learn about your financing options today.
If you want to take the first step to buy a house or refinance, call Zachery Adam at GoPrime Mortgage in West Asheville today.
