Forbes Real Estate Council Reveals which Real Estate Markets Are Booming in 2018

 Posted on December 00, 0000 in Commercial Real Estate

To be successful as a real estate investor, you need a vision. More importantly, you need to be willing to change your vision, according to the market trends. For example, you may have started out as an investor who buys and flips houses, but the trends show that such investors are making smaller returns. As such, you may need to expand your portfolio into another market (i.e. commercial real estate or residential rental properties).

Where you invest is also important. After all, it does little good for one to invest in areas that are distressed or declining. To help you find direction, the Forbes Real Estate Council recently revealed which market areas are expected to boom in 2018. Furthermore, you shall learn how the aid of a seasoned real estate attorney can help guide your investment choices for the future.

Major Metro Areas in the United States

Metro areas are almost always a safe investment choice because they are continually growing and expanding. However, the market analysis team at Forbes found that some areas are likely to better than others in the current year. Seattle, Long Island, and Chicago were among some of the top metro areas listed for growth in 2018. These areas have also shown good growth, historically.

Investing in Smaller Communities

While some investors choose to focus on booming metro areas, others are willing to assume more risk for a greater profit and, instead, invest in smaller, up-and-coming communities. The state of Illinois has several of these communities, and many are located within driving distance of Chicago, which is currently one of the fastest growing metro areas in the country. Careful consideration of the location and due diligence, particularly in the way of zoning regulations, are highly encouraged for any investor who wants to work outside of the developing metro.

Commercial or Residential Investing?

Location is not the only consideration that investors should make. One should also examine both commercial and residential investing options. Remember that diversity in an investment portfolio is important, as it provides you with more streams of income and decreases your overall risk of a complete loss, should the economy experience another crash.

Contact Our Naperville Real Estate Lawyers

Skilled in assisting investors with both commercial and residential investment transactions, Lindell & Tessitore, P.C. is the firm to call when you need sound legal counsel. Schedule your personalized consultation with our Naperville real estate lawyers for more information. Call our offices at 630-778-3818 today.

Source:

https://www.forbes.com/sites/forbesrealestatecouncil/2018/04/03/15-booming-real-estate-markets-that-are-trending-in-2018/#34cc3ed426f6