Thinking About Investing in Arizona Real Estate?
The real estate market in Arizona overall is very HOT, and is not likely to change.
If you’re unsure about the type of property to invest in, ask yourself these two questions:
- How much can I afford?
- What are renters looking for right now?
It may be tempting to purchase an apartment building that is within your budget, but it’s important to understand what renters are looking for in the specific city or area where the property is located. Do you know the average rental rates in that area? Have you factored in potential vacancies?
These are all questions you should be asking when you’re buying an investment property in Arizona.
Which Cities Are Best for Arizona Real Estate Investing?
Phoenix in particular is expanding, has a diverse job market, fantastic weather, and a proven history of increasing values for single family homes. Neighborhoods like Arrowhead in Glendale have topped the entire country during times of surging property values. New growth areas like Surprise, Avondale, and Gilbert bring comfort and affordability with new-build style and family friendly neighborhoods. Cities like Paradise Valley and Scottsdale have consistently led the nation in appreciation rates, and continue to draw desire from upper-class buyers in all corners of the country. Not only can you find a great value on price for a new family home, you can also find luxury at a discount or a wonderful vacation-style property. The Greater Metro-Phoenix boasts every type of property, and in every price range…you need to buy here, but you need the right experts to assist you!
Shop smart & buy right…mistakes are easy to make!
Whether you are investing in a rental property, or buying a personal residence, you need to make sure you know all of the “facts”. Many agents in town will sell you any house that you want, but is your agent qualified to find you the best possible match for you needs? Tell a local Realtor that you have $100k to spend, and they’ll show you the easiest 100k house they can sell you. Remember, Realtors don’t get paid until a deal done…so, the sooner the better, right?
Have you considered what questions you should be asking your agent about investing in AZ? If you are purchasing a rental property in Mesa or Tempe, are you in the right school district? If you buy across the street will you lose value, or potential appreciation? What are the benefits for renters in this neighborhood? What are some of the challenges? Better yet; has your agent ever rented out a property, or do they own any investments of their own? If this is answer is a “no”, why are you shopping with this agent? We all have friends and family who either know, or profess to know the market in Phoenix, but before you spend any time or money, make sure you are working with a true expert.
Creating a truly successful investment portfolio will require using someone who knows the in-and-outs of this specific market.
Experts in the Valley
At HomeQwik, we not only buy, sell, and manage real property, but we also invest and own rentals ourselves. Our team has been immersed in the local Phoenix market for the last 12 years, and we proudly boast about our clients measured successes. We have proven portfolios under management today, from investors who have used our services to help them earn outstanding profits. With an experienced team of professional Realtors and Property Managers backing up your purchase, you can rest assured that our agents will help you find properties that perform!
I’ve been a satisfied customer for a few years. I respect their advice, and I’d recommend them to an owner considering a property management company. They take most of the stress out of being a landlord. They were very quick to find tenants when my property was vacant. The transitions between tenants has been very smooth.
Areas We Serve
Since 2013, HomeQwik has served property owners and investors by providing expertise in the areas of residential property management, property leasing, and real estate sales.
HomeQwik has managed privately owned single family homes, town-homes, condos and apartment complexes throughout Maricopa County and Pinal Counties, which covers:
- Litchfield Park
- Paradise Valley
- Sun City