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March 26, 2008

US Communities with Plenty of Real Estate Potential

Filed under: Real estate news and opinion — Colleen Morrison @ 9:55 am

According to some real estate analysts, the market for high-end, luxury condominium units in southern Florida is thriving. The upscale Trump Hollywood project, in Hollywood Beach, is one excellent example. With easy access to all the attractions of both Miami and Ft. Lauderdale, the 40-story glass tower offers 200 homes; each of them has private elevator service, breathtaking views and access to a perfect beach. The shared amenities include a beach-front pool deck and concierge and valet service.

The value of the US dollar has plummeted relative to other international currencies, which is an open invitation for real estate investors from Canada and Europe to take a good look at properties in the area. Still, many pre-construction properties in the Ft. Lauderdale and Miami areas are holding their value, so buyers must put forth some effort and shop around to find an exceptional deal.

Counties on the Grow

Young families and professionals may not be in the market for a beach-front condo right now, but that does not mean they cannot take advantage of the many opportunities available to investors throughout the United States. According to a study recently published on Forbes.com, there are several places in the US that are worth a look today.

The online source recently evaluated every county in the United States in an attempt to find communities that have an expanding job market, potential for increased income and more or less stable real estate markets. Their findings? There are a number of excellent locations throughout the country that fit that description; among the top ten counties are Stafford County in Virginia; Forsyth County in Georgia, and Charles County in Maryland.

Stafford County, Virginia is located midway between Washington, D.C., and the state capitol in Richmond. Rich in history, the area today offers a good job base and ample access to recreational resources for residents who enjoy boating, fishing, golf and other forms of outdoor recreation. A number of builders have pre-construction off plan property deals available for investors.

Forsyth County in Georgia recently celebrated its 175th birthday. The county’s physical attributes are almost irresistible: gorgeous fall foliage, rippling streams, brilliant sunsets, and delicate spring blossoms are sensory delights. The healthy local job market and close proximity to Atlanta are additional draws. Buyers and investors can find new builds and pre-construction properties in a wide range of prices. If you have a family, take a look at Vickery Village - a self-contained community within the larger community of Cumming.

Officials in Maryland’s Charles County are actively pursuing partnerships to bring business and industry to the area. While they know a strong economic base is essential for the welfare of residents, they are equally proud of the wealth of their natural attractions. Close to Washington, D.C., real estate in Charles County is both desirable and affordable.

If you’ve been dreaming of owning a property in the United States, you might want to strike while the iron is hot and the dollar is low - and looking at some of these interesting opportunities could be a very good way to start.

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