Smart Moves: Real Estate Near a University

The RealEstateJournal.com has an intriguing article on “safer real estate bets” in a changing market.

The long story short:  properties near universities is a great investment.  Likely pricier than surrounding communities, but there is a higher level of turnover in properties closer to universities.

In addition to Eastern Michigan and The University of Michigan in and around Ann Arbor, we also have Pfizer and other research firms that are constantly moving employees into and out of the area.  Buying a property in Ann Arbor can pay nice dividends over a period of time.

Are you interested?  Drop me a note and we’ll talk about your options!

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0 Responses to Smart Moves: Real Estate Near a University

  1. Maureen,

    Not only is Google coming to A2, they will hire about 1,000 and create an additional 1,200 in basic employment in the A2 area across 5 years.

    From my perspective, it almost makes the RealEstateJournal.com article prescient for Ann Arbor!

  2. how bad of an idea do you think it is to buy a house on n. maple street because of the heavy flow of traffic it seems to get?

  3. Deanna,

    If you haven’t already, check your email for my response. The long answer short; it depends on your intentions for the property on N. Maple.

    I simply don’t know enough about the property and your intentions with the property to give a knowledgeable answer. Let’s talk about it!

    Todd

  4. Todd,

    Great website, I’ve found it very informative. I’m looking to purchase my first property in the Ann Arbor area. Would you recommend this market for a new investor? Along with Google, Toyota is also building nearby. I’m thinking with the increase in jobs from the both of those, the market should really boom in the upcoming years.

  5. mike,

    Thanks for reading through the site! My aim has been to provide timely and sage advice in this changing market.

    I assume, from your question, that you are talking about purchasing your first investment property. That being the case, YES! I do recommend buying in this market. Inventory is high, cost of money near historic lows, prices are sliding sideways if not declining a little bit, this would be a great time for you find the right property and purchase.

    If investment properties are what you are looking to purchase, I have some analysis that you should consider prior to purchasing. Let’s continue the conversation via email.

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Todd Waller Real Estate
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