If you are thinking about making an investment into real estate in the next year, rest assured that there are many great markets to choose from. While some are still flailing from the recession that gripped the nation a few years ago, the fact is that many areas are in the recovery stage. When you learn more about the hot real estate markets for 2014, you will be able to make an informed decision about your investments.
Fort Worth, Texas
In and around the Fort Worth area, you can expect to see the three-year home price climb by 25 percent. More than that, the average residential home price is very affordable at approximately $168,000. This means that many investors can afford to purchase real estate in this year and can expect excellent growth over the next few years.
Charlotte, North Carolina
The Charlotte metropolitan area, which includes Gastonia and Concord, is another excellent market to consider. In this market, the three-year growth rate is projected to be close to 24 percent, and the average home price is approximately $201,000. This provides investors with ample opportunity for growth and profits.
The Nashville metropolitan area is another hot market for 2014. This area, which also includes Davidson, Franklin and Murfreesboro, has a projected growth rate over the next three rates at approximately 23 percent, and the average house price is approximately $199,000. This market is relatively comparable to both Fort Worth and Charlotte.
Houston has an active housing market, and you may also profit with an investment in this area. The metropolitan area includes Sugarland and Baytown. In Houston, the average housing price is approximately $191,000, and the three-year growth rate is approximately 24 percent. This is a large market with ample opportunity for investors to find a great investment.
Each of these and several other markets are bustling with opportunities for investors to seize. If you are looking for an investment closer to your hometown and your hometown’s market is not quite as attractive as these, you may also consider going a highly lucrative home renovation in Prince George. With a renovation of your existing home or the purchase of a fixer-upper, you may be able to increase the value of a property that has potential but that is not currently appealing to buyers. With so many great opportunities available in the market, you can rest assured that you have many options available for profiting in real estate in the near future.
About the Author: Kandace Heller is a freelance writer in Orlando, Florida. She loves researching, writing and sharing what she learns with others. This article was inspired after having spoken with a custom home builder in Prince George.