If you are looking for an investment property or rental home, check out the Venice real estate market. Currently, the Venice real estate market has a number of distressed properties for you to take advantage of and get the most house for your money. If you’re considering other areas to purchase a rental property at, Venice real estate agents would like to tell you just why you should choose the Venice real estate market for your next investment property purchase. When compared to many of the other major cities in the Los Angeles and Southern California area, rental rates for the Venice area were much higher; we’re talking about $1000 more than Sherman Oaks and Hollywood. Rental prices per sqaure feet have increased almost 3% as well.
The number of foreclosures in Venice has consistently stayed the same over the past few years, giving you many different distressed properties to choose from in the Venice real estate market. Not only can you get a good deal on purchasing a home, but you can also maximize your investment dollar because home prices have increased almost 30% in the past year. Many Venice real estate agents see this trend continuing, as well as the number of homes on inventory staying rather low.
If you’re looking to invest your money in a place where you’ll surely get back more than what you’ve put in, consider the Venice real estate market. With the number of foreclosures and short sales staying level, there are many different options for you to get a great rental home for an even better price. Contact you Venice real estate agent today to begin maximizing your investment dollar.