Location Matters in Real Estate
Virtually anyone today knows that in real estate, location is king.
A home may be perfect, but if it is too far away from work, entertainment, school, and other high-priority amenities, it’s useless to its owners. Or, a home may be located in a perfect location – but may not be the best type of home for that location.
That makes sense for people buying homes to live in, but what about real estate investors who need Birmingham property management services to handle their portfolio of assets? What role does location play in that arena?
More than you think!
A Metro Area Is a Mosaic of Communities
Picking the right homes to add to your investment portfolio is a matter of knowing enough about the surrounding area to know what constitutes a good investment for the right place.
For example, the Birmingham metro area is divided broadly into two basic areas: Birmingham proper and the Over the Mountain communities of Homewood, Vestavia, and Mountain Brook. Even within the Birmingham proper, there are several distinct neighborhoods, like Red Mountain, Southside, Crestline, East Birmingham, North Birmingham, Woodlawn, Titusville, and approximately 16 others.
Each area of the metro has its own qualities, characteristics, amenities, and traits that matter more than the homes themselves.
Understanding the local dynamic for each is a big part of making a wise investment.
Choose Wisely: Know Your Neighborhood
It helps to have a thorough understanding of each community before you make a decision to purchase a home for rental income and need property management.
It also helps to have Birmingham property managers who understand the communities in which you already have properties you need effectively managed.
If you are looking for property managers who take location to heart with an intimate knowledge of the Birmingham community, contact gkhouses.com and call 205.940.6363.
Matthew is the CEO of Evernest. He is a student of the book Good to Great and is passionate about building the best property management company on the planet (and maybe even the universe if Elon Musk will hurry up). You can usually find Matthew at the baseball field with his son, at a dance recital with his daughter, or at his favorite restaurant with his wife, when he’s not in the office. And if you can’t find him in any of those places, it probably means he’s traveling.