Decatur Georgia is a Great Place to Buy a Rental Property
Decatur, Georgia, is a charming and vibrant city located just a few miles east of Atlanta. Known for its rich history, vibrant arts scene, and excellent schools, Decatur has become an increasingly popular destination for families, young professionals, and retirees alike. One of the many benefits of living in Decatur is the opportunity to invest in rental property.
If you're considering buying rental property in Decatur, there are a few things you should know. In this article, we'll take a closer look at why Decatur is an excellent place to invest in rental property, what to look for when buying a rental property, and how to get started.
Why Invest in Rental Property in Decatur, Georgia?
There are many reasons why Decatur is an excellent place to invest in rental property. For starters, the city has a strong and growing economy. Thanks to its close proximity to Atlanta and its position as a major transportation hub, Decatur is home to a diverse mix of businesses, including technology firms, healthcare providers, and educational institutions.
In addition to its strong economy, Decatur is known for its excellent schools. The city is served by the highly regarded Decatur City Schools and the DeKalb County School District. Families with children are often willing to pay a premium to live in areas with top-rated schools, making Decatur a prime location for rental properties.
Finally, Decatur is a highly desirable place to live. The city has a rich history and is known for its vibrant arts scene, excellent restaurants, and beautiful parks. With its walkable downtown area, convenient public transportation options, and easy access to major highways, Decatur is an attractive option for renters of all ages.
What to Look for When Buying a Rental Property in Decatur
When buying rental property in Decatur, there are a few things you should look for. First and foremost, you want to find a property in a desirable location. Look for properties in neighborhoods with low crime rates, good schools, and easy access to public transportation.
You should also consider the condition of the property. Look for properties that are well-maintained and have been recently updated. Properties that require extensive repairs or renovations can quickly become money pits, eating into your profits.
Finally, consider the rental potential of the property. Look for properties with a strong rental history or properties that are in high demand due to their location, amenities, or other factors. The goal is to find a property that will generate a steady stream of rental income and appreciate in value over time. It is best to buy in an area that really desirable even if you have to spend a little more for the location.
How to Get Started with Buying Rental Property in Decatur
If you're ready to invest in rental property in Decatur, there are a few steps you should take to get started. First, consider working with a local real estate agent who has experience working with investors. A knowledgeable agent can help you find properties that meet your criteria and can provide valuable insights into the local market.
Finally, make sure you have a solid plan for managing your rental property. This may involve hiring a property manager or handling the day-to-day tasks yourself. Regardless of your approach, be sure to have a plan in place to address issues like maintenance and repairs, tenant relations, and rent collection.
Decatur, Georgia, is a fantastic place to invest in rental property. With its strong economy, excellent schools, and desirable location, Decatur is an attractive option for renters of all ages. By following these tips and working with a team of experienced professionals, you can invest in rental property in Decatur with confidence and enjoy a steady stream of rental income for years to come.
Atlanta Property Management Solutions is here to ensure your success with your Decatur rental property. We have over 20 years of experience with renting and managing Atlanta rental properties to help our clients achieve their financial goals.
Contact us today to learn more about our services and how we can help you succeed.
info@atlantapropertymanagementsolutions.com
404.889.8369
Written By: Melanie Van De Grift
Melanie Van De Grift is the Owner and Broker of Atlanta Property Management Solutions.
With over 20 years of experience in the real estate industry in Atlanta, Melanie has built a reputation for her unparalleled expertise, exceptional customer service, and unwavering commitment to her client's success.
