Reasons To Invest In Property In Arlington, VA
The key to investing in real estate is to buy in areas where the historical home values are stable, and the projected growth is on an upward trajectory. The law of supply and demand is a crucial factor in determining the likelihood of a property returning positive cash flow and reducing vacancy costs if you decide to hold the property as a rental. Whether you are looking to buy a home to live in or purchase a fixer-upper to rent out, Arlington is one of the top markets.
Arlington has seen tremendous development along the Orange and Blue Metro lines, creating a desirable city for working professionals. There has been immense investment in the area contributing to the neighborhoods’ modernization. Arlington is one of the most densely populated areas with constant growth, making the area an exclusive location to own property. According to the Arlington Annual Development Report, in 2015 alone, 1,993 residential units were completed, and by the end of the year, an additional 2,275 units were under construction.
Many of the new residents who flock to Arlington are recent college graduates who are looking to rent an apartment or home, giving you another opportunity to make a profit on your investment. A Washington Business Journal article noted that 21.4% of Arlington’s population is between the ages 20-29. Arlington was named the 2016 best city for recent graduated to move to, proving the ongoing influx of younger residents.
With the recent development and proximity to Washington DC, Arlington has become the ultimate hot spot. If you have a family or are looking to start a family, Arlington county has one of the country’s most renowned public school systems. With the direct correlation of home values to the public school system’s quality, Arlington property will continue to go up in value.