Smart investors know that timing is everything when it comes to acquiring new properties for a successful real estate portfolio. The Ashburn rental market is currently strong, and if you’re looking for an investment property that offers the potential for excellent returns, talk to us about what you can gain by acquiring a home in this area.
Ashburn Investment Properties: Location Matters
Ashburn is a city in northern Virginia that’s less than an hour from Washington, D.C. Its proximity to the nation’s capital makes it an ideal place to buy and rent out an Ashburn property. The suburban location opens investors up to a variety of properties, from single-family homes to townhouses and condos. Commuters to Washington have an easy time coming and going; there is metro rail service from D.C. to Ashburn, through Reston. This is a huge selling point to both investors and tenants, especially when rush hour traffic makes the drive unappealing.
Ashburn’s Economy and Employment
The economic conditions in northern Virginia are positive, and there is no reason to believe that economic growth will slow down at any point in the near future. There’s always a low unemployment rate in the area, thanks to the availability of jobs in the entire metropolitan Washington, D.C. area. The area is often referred to as “Silicon Valley East” due to the numbers of data centers in and around Ashburn. There has been a lot of real estate growth in the area, which means investors have some great opportunities in several established and emergent neighborhoods.
Strong Ashburn Tenant Pool
Once you own a property and list it on the Ashburn rental market, you won’t have to wait too long to get it rented. Attractive, well-maintained homes lease quickly to high-quality tenants. This will save you money on vacancy costs, and ensure you place a tenant with a good income and a solid rental history. The tenant pool in and around Ashburn is well-educated, highly paid, and stable. Most families are looking for a home in a good school district and most professionals want to rent a home that’s close to work and all the attractions and opportunities in Washington. You’ll be able to achieve high rents in this market, ensuring consistent cash flow and impressive ROI in the long term.
Investment Options in Ashburn
Another benefit of investing in Ashburn is that you have access to so many different levels of investing. Many buyers look for single-family homes, which are great because they usually bring in higher rents. However, they also require the most money for maintenance, so make sure you budget accordingly. Townhouses and condos are available, and those are often very desirable to prospective tenants and easier to maintain. You’ll find excellent homes in Ashburn, Fairfax City, and all over Loudon County.
When you decide to work with us, we’ll be happy to review your options and see how they best fit into your investment plans. Please contact us at Castle Property Management, and we’ll tell you more about how we can help you invest wisely.