Think of the scenario: You're looking for the perfect investment property, but you just can't figure out what area of town is the right fit for your needs.
Navigating the North Carolina real estate market by yourself can be rough. How can you be absolutely sure you're choosing the right area for investment? We've got the information you need.
Let's go through the top areas to invest in Charlotte.
Uptown (Center City)
Uptown Charlotte is the city's central business district and a hub for businesses, entertainment, and cultural activities. It has seen significant development in recent years, making it an attractive area for real estate investment.
Residential properties, particularly condominiums and apartments, have been in high demand because it's so close to job centers, restaurants, and entertainment options.
NoDa
NoDa (North Davidson) is one of the most artsy and eclectic Charlotte neighborhoods. It's known for its artistic community, galleries, live music venues, and historic mill buildings.
It has been undergoing revitalization, making it an attractive location for investment, particularly in residential properties and retail spaces.
It's also an attractive spot for tourists since it features breweries, shopping, and other things that tend to bring in guests. So it's a good spot if you're looking to invest in short-term rentals.
University City
Home to the University of North Carolina at Charlotte (UNC Charlotte), this area attracts students, faculty, and staff. Additionally, it offers proximity to major highways and Charlotte's light rail system. Investing in student housing or rental properties can be an option to consider in this area.
But when you're working with students, it's even more important to be on top of your property management. It's a situation where you might want to rely on the professionals for help.
Steele Creek
Steele Creek is a rapidly growing area in the southwest Charlotte area. It offers a nice balance of suburban and urban living, with access to major highways, shopping centers, and outdoor recreational opportunities.
The area is home to several good schools, making it appealing to families with school-aged children. These families are more likely to renew their leases, as they'll want to stay in the same area.
Investing in single-family homes, townhouses, or apartments for young professionals and families can be a good choice here. It's one of the most popular places for people looking to buy a house!
Plaza Midwood
Plaza Midwood is a diverse and trendy neighborhood. It's known for things like:
- A unique character
- Historic homes
- Local shops
- Bars and restaurants
- Vibrant arts scene
Plaza Midwood attracts a wide range of residents and visitors, making it an appealing location for real estate investment.
The high demand for housing in Plaza Midwood, driven by its unique atmosphere and amenities, can result in favorable appreciation potential for real estate investors over time.
Choose the Right Areas to Invest in Charlotte Today
Now that you know the best areas to invest, you'll be able to create the right choices for your needs.
Do you need help managing your Charlotte investment properties? You don't need to search very hard.
Carolina Property Management has the skills and experience you need to succeed. This company is honest, has integrity, and will do whatever it takes to help our clients. Contact us today.
