Why Purchasing A Townhome in Charlotte, NC is a Great Investment
Purchasing a townhome in Charlotte, NC is not only a smart real estate investment, it’s an investment in your day-to-day life. This bustling Southern city attracts more and more Carolinians and transplants from across the country each and every day, all eager to enjoy the perks of urban living, proximity to outdoor recreation, and access to a job market fueled by nearly ten Fortune 500 companies that call Charlotte home.
Whether you choose to purchase a new construction townhome as your forever home or as a starter home that you’ll turn into a long term investment property, the Charlotte real estate market is a safe place to increase your initial investment. And townhome communities like Hooper Communities make it easy to find a home with high-end finishes and locations in some of Charlotte’s most popular neighborhoods, including Lower South End, Davidson, Barclay Downs, and the Historic West End.
4 Reasons Charlotte, NC a Good Place to Invest in Real Estate
If you already live in Charlotte, you know this big city offers a quality of life you can’t find anywhere else. From charming neighborhoods with walkability, restaurants, and vibrant communities to world-class NBA and NFL sports teams and performing arts venues to a warm friendliness you’ll only find in North Carolina, there are countless reasons to call this place home.
And that’s exactly why it’s a great place to invest in real estate. Charlotte is only going to continue to grow and purchasing a townhome in Charlotte now puts you ahead of the curve.
1. Big City Amenities and Small Town Charm
Big cities don’t always have a reputation for smiling neighbors, always ready to lend a hand. However, in Charlotte, you’ll get all of the urban advantages — restaurants, shops, shows, and a major international airport — but with unbeatable small town charm. From local spots where everyone knows your name to parks, walking trails, and rec leagues, the warmth and community feel of Charlotte make it a place everyone wants to move to.
2. Job Market Growth
Because of a favorable corporate tax and moderate taxes for workers, Charlotte continues to attract major companies and talented employees to the Queen City. Thanks to Bank of America’s initial entry into the market, finance has been a mainstay in Charlotte for several decades, but Fortune 500, tech, and fintech companies are now joining the party. With companies inviting more workers to explore Charlotte, that means they’ll need places to live. As long as the jobs keep coming, an investment in Charlotte real estate is a sure thing.
3. Affordable Cost of Living
According to Forbes, the cost of living in Charlotte is lower than the national average, which is a draw for anyone looking for a more affordable way of life. Plus, over 40% of Charlotte’s population has moved from another state in search of the slower, Southern lifestyle that Charlotte has to offer.
4. Rising Property Values
All of this adds up to property values that are only going to continue to rise — which is why you should look to buy now. Over the course of 2022, property values in Charlotte rose nearly 6% and Zillow predicts Charlotte will be the United States’ hottest housing market in 2023. Yes, that’s in the entire country!
How to Build Equity through Home Ownership in Charlotte
When you invest in a home in a market that’s increasing in value, you start building equity almost immediately. Equity is the amount of home you actually own – thanks to your downpayment + subsequent mortgage payments + the increase of your property value in the marketplace. This amount is what you walk away with after selling, which is your sales price minus your outstanding mortgage balance.
How to Find the Right Townhouse to Invest in
In order to increase your equity as you’re exploring investment opportunities in Charlotte, NC, you’ll want to focus on the areas where property values are increasing rapidly. The easiest way to do that is to invest in an area that is desirable. Look for walkability, convenience, and access to the city’s many amenities. At Hopper Communities, that’s why we’re all about location, location, location. From the Lower South End and West End to Davidson and Barclay Downs, our townhomes are in neighborhoods that will maximize your ROI.
Additionally, look for a high quality, but low maintenance home. You want something that will look as good as new, even long after you’ve signed the closing papers. Hopper Communities focuses on luxury finishes, but without the upkeep of a single family home. Move in and enjoy — then sell or rent and make a pretty penny on your investment. And, when you’re buying with the Home Builder of the Year (no big deal!), you’re guaranteed to buy a quality home.
Are you ready to buy that one-way ticket to Charlotte, NC yet? Check out our available homes and let’s talk, the cost of living in Charlotte is lower than the national average, which is a draw for anyone looking for a more affordable way of life! We’d love to discuss which Hopper Communities townhome is right for you and your family. We’re currently offering up to $10,000 towards closing costs on select townhomes for a limited time!
