Climate change cannot be ignored, whether it’s crazy cold weather forming a polar vortex in the Midwest or record-breaking storms threatening certain stretches of the East Coast, wild weather seems like it’s here to stay.
Taking the weather into account may be a solid deciding factor when trying to determine where to buy that next property. Here are some great fair weather areas that also appear to be wise buy and hold real estate investments.
All of these metros enjoy a temperate climate almost year-round in addition to rising home values and other strong indicators of good investment material.
Dallas, TX Real Estate
Homes like this stone-constructed, French-country-inspired estate in Dallas are prime examples of the real estate investment potential available in the lone star state right now. This well-built and charming home sits on a half-acre tree-lined lot for $899,000.
Dallas home prices are expected to rise faster than the national average in 2019 – despite already rising close to 13% last year. One of the reasons being the Dallas metro areas strong economy.
Plus, with temperatures staying between 77 degrees Fahrenheit and 55 for most of the year, this area also passes the fair weather test.
To find out more about Dallas and Southlake Texas homes like this that are available now, contact Sharon Hodnett.
Fort Lauderdale, Florida Real Estate
This sprawling water-front home in Fort Lauderdale features 100 feet of water frontage and three guest bedrooms with on-suite baths. Everything about this place suggests an oasis of luxury, making it an ideal vacation rental for the savvy investor. Offered by Barry Levinson.
Fort Lauderdale is a desirable area to find that picturesque place to turn into a busy Airbnb in the short term and possibly retire to long term.
With sunny days almost year-round and clear blue water everywhere, Fort Lauderdale has the desired climate for people from colder parts of the county looking to soak up the sun. In fact, according to PWC’s housing report, the Miami/Fort Lauderdale metro area is the 3rd highest target destination from migrating people from other cities in the US.
Orlando, Florida Real Estate
Located in the central part of the state, a day’s drive or puddle-jumping flight from the Miami/Fort Lauderdale metro market lies Orlando.
All indicators point to the Orlando area market being one of the best in 2019. Prices rose by over 10% last year, so those who already own investment property here are enjoying the equity boost.
Orlando has plenty of new buyers. According to the U.S. Census Bureau, population rise of Orlando is ahead of the national average by more than 12%.
Add lower than average mortgage rates, a booming economy and “cold” temperatures that bottom out in the high 50’s and Orlando, Florida looks like a welcome addition to your real estate portfolio.
Charlotte, North Carolina Real Estate
This stunning estate in the private gated community of Morrocroft was renovated in 2015 by renowned architect, Ruard Veltman. This tasteful stunner has seven luxurious bedrooms and sits on over an acre while still being close to the heart of the city. Offered by Reside Realty.
Charlotte has evolved from a NASCAR niche area to a financially-focused metro that is both the largest city in North Carolina and a smart real estate investment. With cool winters and warm summers, residents can enjoy Charlotte’s sports and nightlife year-round.
Whether an investor is looking to flip, buy and hold, or invest in one of the many multi-family properties being built uptown, this Southeastern hub has the great weather and wealth-building potential to be a real estate star.
Ready to Own a Home in a Fair Weather Area?
These real estate markets may be hot, but their average temperatures tend to be more moderate.
Weather shouldn’t be the only reason to invest in an area, but it’s certainly worth considering. with all of the extreme weather events disrupting people’s lives these days. Before investing, find a local real estate expert to help save time knowing where to look and to get the most for the money spent.
This article includes housing market predictions for several metro areas in 2019. Real estate forecasts are the equivalent of an educated guess and are far from certain.