Are you interested in buying an investment property in San Diego? Not sure if it’s the right place for you? In my opinion, San Diego can be a great place for first-time investors and seasoned pros alike. So why do I think it’s so great?
The San Diego real estate market has been booming for years. Since 2011, the median home value has increased by more than 70%1 and rent prices have climbed more than 75%2. It is one of the most sought after places in the world to live, and that has left Real Estate investors of all kinds happy and coming back for more.
High Rent Demand
Although this is not true everywhere in San Diego, much of the county has extremely low vacancy rates, because so many people want to live here. It’s not uncommon for property listings to have more applicants than they know what to do with, in the first few days of advertising their property.
One of the biggest risks in real estate is being stuck with huge vacancy losses. Knowing how competitive the San Diego rental market is, makes it an exciting investment opportunity.
Great For Vacation Rentals
It’s not for everyone, but if you are interested in running an Airbnb or another short term rental property, San Diego is a great place to consider. Between Sea World, the Zoo, and the countless beautiful beaches and other sites to see, San Diego is a constant draw for tourism. According to NBC San Diego, San Diego’s tourism industry brought in more than $17.9 billion dollars in revenue in 2017 alone3. Its endless supply of vacation spots and beautiful weather make it a year-round hub of potential renters for your cottage on the beach, and a terrific investment.
Fun Place to Work and Live
One of the best reasons to consider investing in San Diego real estate is that you will be forced to spend at least a little bit of time here. It hosts a diverse set of gorgeous landscapes and an endless list of world-class restaurants, breweries, and other activities that will make it worth your while. If you want a successful investment, make sure you invest in something you are passionate about. If you are considering buying a rental property I cannot imagine a place that would be more fun and enriching to do it in than San Diego
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Call us today at (858) 274-3500 or fill out the form below to set up a free rental consultation.