When deciding where to invest in property there are many variables that need careful consideration. Rochester in New York is an up and coming investment hub, and given that property management in Rochester, NY is well supported with excellent services, it is a location worth investigating. Investment Benefits Despite prices sitting somewhere in the middle of the market, you’re more than likely to get a lower than peak price for a particular property here. There are more buyers than sellers and therefore lots of healthy competition. The economy here is thriving, thanks to the diversity of industries, and many commercial buildings and homes have been here for a century or more. Although the city is small, it is very amenable. This makes it a desirable prospect for families and young people looking to get on the property ladder and enjoy a good quality of life without paying a premium. Read on for more reasons why this place is a top choice investment opportunity. Population Growth Predictions put this city as one of the top 50 places to live in the States in the next 50 years. Currently it is the 3rd most populated in New York State. A well connected place, its population may only have grown by 0.3% over the last 10 years, but predictions have it doubling in the next half century, making it a viable place to buy. Job Market The job market is healthy and growing. Between September 2020 and the same month a year later, the city added 22,200 private sector jobs, demonstrating a growth rate of 5.3%. Rochester Regional Economic Development places it as the top metro area for economic growth and strategic investment in tech innovation. It is also worth noting that this city has a bustling international airport, a port on Lake Ontario that serves the Atlantic Ocean and 19 colleges and universities. It has also been rated as one of the top 100 places in the USA for business and careers. Attractive for Renters The trend for renting is increasing and renters equate to around 61% of city dwellers. Lots of ex New Yorkers are moving here for a better quality of life and are choosing to rent to avoid tackling the housing market. Property management in Rochester, NY, is big business and if you’re considering investing, there are numerous professional, knowledgeable and reliable services. Quality of Life As a smaller city, and one that offers good job prospects, excellent education opportunities, and affordable housing, the city provides its residents with a relatively good quality of life. The cost of living here is 11% below the average and there are more options for outdoor activities compared to neighbouring cities. The average commute time here is 21 minutes, compared with hours in other places, and the climate is desirable – which is a plus when you have more time on your hands. Outstanding Services and Support for Property Management in Rochester, NY The real estate market in this city and its attractiveness for investors is growing. Supported by excellent property management in Rochester, NY’s charming neighbour is a very sensible option when it comes to investment. Make sure you choose a reputable management company and you won’t look back. Author Plate Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience dealing with both domestic and international investors. Providing a holistic service for the property management in Rochester NY of both commercial and residential properties, the company brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.
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