3 Benefits of Investment Properties Close to NYC
Feb 9th, 2018 by admin
While New York City is one of the leading financial centers of the world and, of course, the most visited city in the country with more than 50 million visitors each and every year, you would think that investment properties in the City would be most appealing. However, there are reasons why real estate investors may want to look outside the City at Rosendale NY Real Estate, for example. Here are 3 of the main benefits of investment properties close to NYC, but not in one of the boroughs.
1. Properties Can Only Grow in Value
Even when real estate is on a downward spiral as in the time just following the last market crash, you can always count on property around major financial epicenters to either remain in stasis or continue growing. Growth may be sluggish during those times, but the main point is that the value of real estate close to New York City will always continue to rise. There are only so many properties to rent and limited space, so over time, properties near the City will be prized possessions. Over time you will see fewer and fewer on the market and that is, perhaps, the number one reason to invest in properties close to NYC now. Keyrenter Salt Lake City Property Managment Company have very reasonable interest rates for real estate investors.
2. Peaceful Rentals for Foreign Investors
Home of the NYSE (New York Stock Exchange) and the world-famous investment capital Wall Street, foreign investors visit New York regularly. Sometimes they stay for extended periods of time while negotiating contracts or monitoring the market they have invested in. As an investment property, those spacious dwellings outside the city can easily be converted to luxury homes, fully furnished for investors looking for a short-term or annual lease. It is true that some visitors like to stay in the City but those who want to stay extended lengths of time soon tire of the noise and congestion.
3. Close Enough to Do Business but Far Enough to Enjoy
Which brings us full circle to the fact that communities like Rosedale on the thruway are just less than a two-hour drive from Manhattan but close enough for quiet enjoyment. Some foreign investors come from cities like Beijing, Hong Kong or big cities in London as well as congested citiesthroughout Europe like Bucharest, Romania. These visitors simply want to be close to the financial epicenter but far enough away to enjoy a bit of peaceful, natural beauty. While it is a treat for people coming from rural communities to stay for a time in the Big Apple, most investors hail from financial epicenters in their homeland and are anything but eager to spend even more time on crowded streets.
These 3 benefits alone should explain why you simply can’t go wrong with investment properties close to New York City but far enough away to enjoy. Whether you are looking to do a bit of improvements on the property in order to flip for a profit or simply want a luxury rental for out of town business professionals and investors, consider the smaller communities near the City but far enough away to enjoy a bit of quiet, rural life.