RentSimpli is a full-service, residential property management company serving San Diego and Riverside Counties, including a specialty focus in the Temecula Valley and Murrieta areas. With the experience we have and our strong presence throughout Southern California, we’re often asked where people should invest and why they should consider the San Diego market.
There are a lot of excellent reasons to buy an investment home in San Diego and the surrounding areas. Today, we’re focusing on the top five reasons.
Location Counts: Temecula and Murrieta
We always advise investors to consider markets within an hour of San Diego, such as Temecula or Murrieta. These areas are particularly attractive because you can buy more house for less money than if you’re buying in San Diego or anywhere in Orange County. The California real estate market can seem prohibitively expensive, but in places like these, it’s easy to get a lot of value on a property. You can buy a newer house for a reasonable amount of money. For the same amount in San Diego, you’ll have to buy something a little older or a little smaller, and it might not be in the most desirable neighborhood. So, when you’re looking at locations, maximize what you have to spend. You’ll earn more, and your property will continue to appreciate while your tenant pays down your mortgage.
Outstanding Schools for Tenants with Children
Many of the tenants you’re hoping to attract will have children, and they’ll want to be sure those children have access to great schools. Throughout the San Diego area, the school systems are excellent. This will be a huge selling point when you’re renting your property out to great tenants.
Transportation in and around San Diego
San Diego has a number of freeways running in, out, and through the city. Whether you’re looking to buy something downtown or in a market like Temecula and Murrieta, the freeway system will be a great selling point when you’re attracting tenants. Commuters will be looking for an easy way to get to and from work, while enjoying a high quality of life that doesn’t include spending half of the day in the car. When you invest in this area, you’ll be able to highlight the ease of commuting.
Desirable Communities for Military Families
The San Diego market is also a great place to invest because of the strong military presence. We have Camp Pendleton and Miramar in the area, and military families who are stationed at these bases will always look for high quality housing. Military members make excellent tenants, and you won’t have to worry about a shortage of good renters when your investment property is located close to Pendleton or Miramar.
Growing Economy and Quality of Life
People love living in San Diego, Temecula, Murrieta, and the surrounding areas. There’s a high quality of life, and a lot of opportunities for entertainment, culture, and recreation. The area is growing quickly, and the economy is strong. Employment is high, and jobs continue to be created for people at all skill and income levels.
We’d love to tell you more about why you should invest here. Please contact us at RentSimpli to discuss your unique investment goals.