From its flexibility to its security, real estate is one of the best investments you can make—and San Diego real estate is no exception. If you’re on the fence about investing in San Diego real estate market, here are some reasons why you should take the leap!
Strong History of Appreciation
Appreciation is one of the main reasons why people choose to invest in real estate. In the last year, home prices have been going up at an unusually quick pace across the nation, but especially in Southern California markets like San Diego. Prices aren’t done rising. It’s been predicted that house prices will rise another 11% by May 2022!With appreciation this strong, you should quickly see a return on your investment.
Low Mortgage Rates
Even though mortgage rates have grown a little in recent months from last year’s record-low rates, they are still some of the lowest borrowers have seen in many years. This makes it much easier to take on the temporary debt of an investment knowing that interest won’t be so much of a burden.
Great Vacation Location
Since the city is such a popular vacation destination, San Diego real estate also makes a great investment if you want to rent out the property short-term for vacationers. While this can require a little extra effort on your part because you have to deal with cleaning and maintain the property in between tenants, it can be well worth the hassle.
Strong Demand for Rental Properties
San Diego is more than a hot place to vacation. It’s a popular place to live. The San Diego area is a big contributor to the global economy. Where you can find jobs and a strong economy, you’ll find a demand for housing. In fact, last year, San Diego was named one of the most popular places for renters to move. So, if you are wanting to invest in rental property, San Diego is definitely a good place for it.
Work with the Horton Realty Team When Investing in San Diego Real Estate
Clearly, the San Diego real estate market is ripe with opportunity! You’ll have a much smoother experience with real estate investing when you have a great real estate agent at your side. That’s why you should turn to the Horton Realty Team. Our experience with San Diego real estate can be a major asset when you’re just starting your real estate investing journey. If you’re ready to get started, get in touch today!