Washington, DC is a beautiful city home to several high-tech companies, businesses, and organizations. Its real estate value is increasing at a high rate, and more people are seeking accommodation in the city and its suburbs than the space available.
Therefore, if you’re looking for the best city to invest in exquisite properties, here are some reasons to consider Washington, DC
Here are 5 Reasons To Invest in Washington, DC Real Estate Property
1. What the Data Say
Perhaps, the first thing you will be interested in as a real estate investor is the return on your investment. According to available data, Washington, DC is a good performer in this aspect. PropertyShark report shows that the city yielded the second-highest returns to east coast real estate investors between 2009 and 2019, with a 42% increase in value within a decade.
2. High influx of Big Companies
It’s no news that Amazon’s headquarters is in Washington, but that is just one of several high-tech companies coming to the city. Financial institutions, law firms, and multinational businesses are now competing for space in the capital of the United States. This is driving more lobbyists and high-net-worth individuals to the city. There will be more demand for exquisite properties than the supply. We all know how the market will react to that.
3. Small Size With a Large Population
Washington, DC is just 177 square kilometers, but about 700,000 people are living in it. The influx of big companies also means thousands of people will be coming daily to work. This is undoubtedly one of the reasons for the increase in the demand for accommodation, making homes more expensive. We can expect the need to keep rising.
4. Regulation Against Construction
Despite the need for more homes, the city has strict regulations against constructing tall buildings. Hence, there is little room for expansion in the central city. This is driving more people to areas like Alexandria and Arlington, opening up more prospects for real estate investment in those areas and their neighborhoods.
5. Exquisite Yet Affordable
When compared with cities like New York and California, homes are more affordable in Washington DC. Hence, you can get the same value at a lower price in DC.
We Can Help You
Whether you’re planning to relocate to D.C. or invest in real estate in the city, we can help you. At The DC Team, we help sellers find buyers for their homes and help buyers find homes that meet their needs and budget. Our services are available in DC, Maryland, Virginia, and many areas around the cities. We’re licensed to deal with sales of both residential and commercial properties. If you’re considering selling your home or buying a luxurious property in Washington, DC or nearby cities, you can contact us. We will always be ready to help you.