Are you a real estate investor? Are you looking for great places to start rental leasing in sunny South Carolina?
Real estate investing can be quite lucrative, but only if you know where to start. South Carolina is a bustling market. Everyone from 20-somethings looking for beautiful, affordable apartments to retirees on a fixed income is flocking there. In fact, it was one of the most popular states to move to in 2020.
The mild climate, low taxes, and the great combination of city and country are just a few of the reasons folks love the Palmetto State. Yet investors will want to make sure they're choosing areas with a lot of growth.
Here are some of our favorite markets.
Charlotte Suburbs
Many young professionals, families, and retirees are discovering the value of living in the suburbs of Charlotte in northern South Carolina. These afford them access to all the perks of a big city while they enjoy low South Carolina taxes and excellent schools.
Areas like Fort Mill and Tega Cay boast bustling town centers. Many homes are new and offer modern amenities like spa tubs and porches. The area also has lots of opportunities for locals to enjoy nature and exercise.
Many folks rent in the Fort Mill or Rock Hill areas while looking for a permanent home. Others may simply be young professionals who are not ready to make a commitment to a mortgage.
If you're looking for a great place to invest in a rental property, check out the suburbs surrounding Charlotte.
Charleston
Condos and apartments in the Charleston area are becoming increasingly popular with renters. Its year-round climate rarely dips below fifty, and there is a growing job market.
Charleston also boasts beautiful waterfront scenery, pristine parks, and a booming sports scene. Northerners used to fine restaurants and museums will feel right at home in this growing city.
With its urban atmosphere, Charleston is a popular place for young professionals to rent. And it's a great place for investors to have some top-notch properties available.
Columbia
Columbia is South Carolina's capital city and a quickly booming metro area. Folks enjoy housing costs that are 11% lower than the national average.
There are a number of larger employers in Columbia, with new ones moving there all the time. Places like AT&T, BlueCross BlueShield, and the University of South Carolina are all popular reasons to move to this metro area.
Columbia offers an excellent climate and all of the amenities you would expect in a bustling urban area. Yet you'll also notice state parks, trails, and riverbanks that are great for getting some exercise and taking in nature.
South Carolina Real Estate Investment
If you're in the business of real estate investment, you'll be hard-pressed to find a market better than South Carolina. With many areas bursting with young professionals and empty-nesters, you'll have your pick of high-quality tenants for years to come.
Don't stop getting smart about investment opportunities now. For top-notch property management in South Carolina, contact us today.
