Three Reasons Why You Should Invest in Real Estate in Charleston

Don't miss the Investment Boat!

If you are asking the question, "Will I benefit from investing in property in the Charleston area?", the answer is a resounding YES. Despite the uncertainties of a global pandemic, real estate prices in the Low Country remain on the rise. The median price of a single-family home is up 20% from 2019.

Here are the top three reasons why you should invest in real estate in Charleston:

1. Low Interest Rates- Due to historically low-interest rates, buyers can afford a lot more than they could previously. Your mortgage payment remains the same while the budget for your home increases.
2. Rent Continues to Increase-The median rental prices have been climbing year after year. Owning property allows you to lock in your monthly payment.
3. Build Equity- When you invest in a home, the return goes directly towards building your net worth. Even if you choose not to occupy the home, increasing rental prices ensure you will profit from your investment.

Still on the fence? Consider that the onset of Covid19 is causing more people to work from home and evaluate their quality of life. People are rapidly moving out of dense metropolitan areas and relocating to Charleston where they can enjoy nature and have more space. These factors attribute to the increasing value of property in the area.

Let 2020 be the year that you let your money work for you. Start investing in property and watch your net worth grow. Contact me at ErinEiseleRealty.com to find your investment property today.