It's common knowledge that Northern Nevada's economy is doing well. No corporate income tax, no personal income tax, and a cost of doing business that's 6% lower than the national average are all excellent reasons why so many businesses are moving to and launching in the area. Real estate is also going strong in Northern Nevada and you can read the latest real estate market report here. Or check out the latest in economic news. Many people are interested in investing in real estate and the Northern Nevada region is an excellent place to purchase an investment property. Below we've highlighted some tips to help you decide what might be a good property for you.
Higher Education- The University of Nevada, Reno, Truckee Meadows Community College, and several tech school in the area mean that Northern Nevada is home, at least temporarily, to adult students. An investment property in an area close to a college is likely to garner interest from students or professors.
Tahoe-Reno Industrial Center- Located about 8 minutes east of Sparks, this 107,000-acre business park is home to Tesla, Switch and Google, among many others. All of these businesses have employees, many of whom will have moved from other areas and are looking for a rental home.
Current Real Estate Market- Real estate is in demand in Reno-Sparks, especially in the under $300,000 market. So many people are finding it difficult to buy homes that are within their budget and choose to rent instead.
Working with an experienced, local real estate agent is key to helping you find an investment property in Reno-Sparks. Sallan Real Estate has been helping people buy and sell their Northern Nevada real estate for more than 2 decades and would be honored to assist you.