3 top property investment areas around Charleston
By Janet Fields / Images courtesy of Janet Fields
Though Charleston has become an oasis for investment properties, there are still some hidden gem neighborhoods bursting with potential for new investors.
As we all know, Charleston has grown exceptionally throughout the years. I, for one, have witnessed considerable changes to our once small town being born and raised in the Charleston area. While I grew up helping my parents flip and renovate our family’s investment properties, I watched from a unique perspective as Charleston flourished into the property management hub it is today.
Though Charleston has become an oasis for investment properties, there are still some areas bursting with potential for new investors. In fact, three of the top ones that perform well for investors and are sought after by tenants come to mind right away!
Investment costs and potential profits should always stay top of mind.
But before we start fantasizing about future investments, remember that it is best practice to identify your financial goals, strengths and limits before shopping for an investment property. Investment costs and potential profits should always stay top of mind.
Now, let's dive into those top investment areas!
Nexton is one of my absolute favorite places located in Summerville, South Carolina. This neighborhood is attracting eyes throughout the nation with earned awards and recognition. It is a top spot for investors to consider when investing in the Charleston/Summerville market.
Investors should keep in mind Nexton is a growing community with new builds at many price points.
Being recently named the 2021 Master Planned Community of the Year by theNational Association of Home Builders,it's no surprise. One of the most incredible points Nexton makes for investors and renters alike is its vast array of attractions, such as its numerous parks, green spaces, hike and bike trails, community pools, restaurants, and more.
Investors should keep in mind Nexton is a growing community with new builds at many price points. Renters historically flock to new homes, which is an advantage to investors aiming for a low-maintenance new build investment.
This hidden gem has renters eager to live there, so they will rent at a premiere price.
Nexton has a wide range of amenities that add to the total return on investment in the area, along with new big businesses attracting more local talent to the site by the thousands. This hidden gem has renters eager to live there, so they will rent at a premiere price. Home prices range from 300Ks - 800Ks.
2. Mount Pleasant
I have seen Mount Pleasant grow exceptionally over the years. One of the main reasons for the boom in population is its convenient location. Here, you are close to downtown, shops and some of my favorite beach day spots!
As an investor, Mount Pleasant properties will be at a higher cost at the start of your initial investment, which is why it is essential to remember your long-term investment goals.
The easiest way to grasp Mount Pleasant real estate is by breaking down this large area into Inner and Outer Mount Pleasant. Inner Mount Pleasant is near downtown Charleston and in this area, you will find older properties, and the location alone is one of the greatest draws for renters and owners.
Outer Mount Pleasant is situated north of the Isle of Palms Connector. In Outer Mount Pleasant, you will find much larger neighborhoods that are newer builds. Regardless of which part of Mount Pleasant you decide to invest in, you will find these neighborhoods filled with great amenities, including shops, golf courses, and swimming pools.
As far as I can see, properties in Mount Pleasant can bring in high returns if you can maintain long-term residency.
As an investor, Mount Pleasant properties will be at a higher cost at the start of your initial investment, which is why it is essential to remember your long-term investment goals. As far as I can see, properties in Mount Pleasant can bring in high returns if you can maintain long-term residency.
The final investment opportunity I wanted to discuss is Jedburg, which is located in the suburban area of Summerville. The properties here are mostly three- or four-bedroom single-family homes. Most are on the newer side with new builds starting as early as the 2000s.
Some businesses that already reside here are Volvo, Mercedes and Google with more to come.
Industrial development can cause a massive influx in housing needs. And this trend is undoubtedly occurring in this area! Investors must keep an eye on industrial growth because industrial growth equals renters.
The properties here are mostly three- or four-bedroom single-family homes.
AtOak Trust Properties,we have seen an influx of investors expanding their portfolios in these locations. Now is the time to grow your investment portfolio, and my team ishere to helpfrom start to finish!