So, you are thinking about investing in some sort of property, but have no idea of what to buy or which state is the best for buying properties. The most common and reliable type is real estate investment.
This is the only type of investment which has a lot of value and you will be able to regain your initial investment very quickly. But the most important element to focus on while buying an investment is the location or state where you are buying the property, the value or the rates of properties are very much influenced by the state they are located in. So, if you want higher returns on your investment, you should keep this element in mind. Just for your help, we have compiled the list of top eight states to buy property in which will help you triple your savings in no time. So, sit back, relax while we give you all the Intel about the best ways to invest your savings.
1.) Colorado City
Many people do not know this but the state of Colorado is listed in the top ranking for real estate home values across the whole country. According to zillow.com, the average home rates in the state of Colorado is almost around $378,300. Colorado house values have increased around 3.4% or even more in the last few years, and even after this amazing rise, it has an estimation of an increase of 1.5% in the coming few years. The average list rate per square foot in the state of Colorado is $263. The rates of houses that are currently listed in the state of Colorado and the rates for the homes that have been sold already range from almost $431,900 to $366,800.
2.) The Volunteer State Also Known as Tennessee
The state of Tennessee ranks in one of the most reliable places to invest in or buy real estate property. The average home rates value in the state of Tennessee is almost $168,600. Tennessee home values have also increased around 6.0% or even higher in the last two years, and even after this amazing increase, it has an estimation of the rise of 3.1% in the coming three years. The average list rate per square foot in the state of Tennessee is $136. The rates of houses that are currently listed in the state of Tennessee is $259,800 and the average rent price in the state of Tennessee is $1,400.
3.) The Tar Heel State Also Known as North Carolina
The state of Tar Heel also known as North Carolina is also one of the most common and reliable places to buy or invest in property. The average real estate rates in North Carolina is around $186.800. The rates of properties in North Carolina have increased up to 7.1% in the past few years, even after this incredible rise there is a prediction of a 3.9% increase in the real estate rates within the next few years. The average list rate per square foot in North Carolina is around $135. The rates of houses that are currently listed in North Carolina and the prices for the homes that have been sold already, vary from around $275,000 to $203,500.
4.) The Beehive State Also Known as the State of Utah
The main secret to Utah’s rise in terms of the real estate house market lies in the fact that it is the most popular state amongst relocating companies. The average house rates in the state of Utah is $342,700. Utah home values have increased up to 8.8% over the past few years and it is predicted it will rise to up to 3.7% in the next coming years. The average list rate per square foot in the state of Utah is $192. The average rate of homes currently listed in Utah is $369,900. The median rent price in Utah is $1,550.
5.) The Golden State Also Known as the State of California
The State of California is an amazing place to buy property in, it is listed in some the best ranking for real estate properties. The average house rates in the state of California is around $548,600. California house rates have increased up to 1.3% over the past few years and there is a prediction that the prices will fall by -0.1% within the coming year. The average list rate per square foot in California is $323. The average rate of houses currently listed in California is almost around $549,900 while the average rate of homes that sold is almost around $502,800. The average rent rate in the state of California is around $2,800.
6.) The Beautiful State of Idaho
Idaho is home to one of the most increasing and booming rates, especially for real estate properties. From the stats of the home market in the state, Idaho is no stranger to top ranking in the house market performance around the states. The most abundant in these sales of property is a city in Idaho known as Meridian ID, the average values for homes for sale in Meridian ID are around $268,900.
7.) The State of Nevada
Now, this might be a shocker to some of you but the state of Nevada is one of the best places to invest in right now. Nevada City holds the first position at Realtor.com. The house values in Nevada has increased so much in previous years and still have a prediction of an increase in the coming years.
8.) The State of Texas
Texas is also home to some of the most flourishing economy, maybe that’s the reason why so many companies are expanding their business to the state of Texas. So, by that being said Texas is with no doubt one of the best places to invest your savings in.
Now, that you know all about the best places to invest your savings in, you better get started to find the best place for you to invest in or buy property in. So, get ready to double if not triple you’re saving in no time.