|
When deciding where, when, and how to invest your hard earned money, it can easily be overwhelming with options ranging from stocks and bonds to mutual funds. While these investments can be great, there isn´t a surer and safer bet than investing in real estate, Indianapolis real estate to be exact. Currently, Indianapolis is ranked as the most affordable housing market in the United States. According to an August 2006 report by the National Association of Home Builders, " Indianapolis, Indiana maintained its standing as the most affordable major U.S. housing market for a fourth consecutive time in the second quarter of 2006". These rankings are determined by a Housing Opportunity Index created by the NAHB and Wells Fargo. Among the statistics involved is the fact that 87.4% of homes sold in Indianapolis during the time of this report were to people earning the median household income of $65,100. Thus, there is no better and affordable investment in the nation than Indianapolis real estate.
Despite the high rate of affordability in buying Indianapolis real estate, renting is also common in the area with 38% of homes being rented. Therefore, you have many more options when buying real estate like renting the property rather than occupying it. Some of the most popular areas in Indianapolis to buy homes to rent out are in Broad Ripple and around Butler University on the north side. Many young professionals, couples, and college students occupy these areas and as a result make them great places to buy rental properties. Another option is to buy then "flip" a property. Although both of these options can be timely endeavors, the benefits of renovating then selling real estate or being a landlord can allow you to make a great profit.
Other factors contributing to the potential success of your Indianapolis real estate investments include the low cost of living and continuous increase in cultural activities in the city. As the 12th largest city in the United States, Indianapolis´s cost of living is 20% under the average for the rest of the country. Both overall cost of living and housing in Indianapolis is below the national average and therefore add to the list of reasons why this city is a great place to call home.
If you start assuming that maybe the cost of living and real estate is so low because Indianapolis is not a great place to live, you will be pleasantly surprised to find that that is far from the truth! Over the years Indianapolis has developed into a city full of cultural and entertainment opportunities. As Indiana residents are known to be crazy over basketball, do not let this stereotype mislead you. We love all sports! Home to the Pacers, Colts, Fever, Indians and the Indianapolis Motor Speedway to name a few, sporting events are happening year round and a popular past time for all residents. Plenty of museums and concert venues are also found throughout the city such as the NCAA Hall of Fame, the Indianapolis Museum of Art, the Murat Theatre, and more!
Making an investment in Indianapolis real estate can be one of the smartest things you can do. Indianapolis is full of great neighborhoods for however you want to use the property. Whether you occupy, rent, or "flip" your property, you will not be disappointed by the benefits you will see after making the smart move to invest in Indianapolis real estate.
|