The City of Alpharetta is a great place to own a home. This is true whether it is a primary residence or an investment property.
While Alpharetta has been around for many years, it is essentially a new city with 91% of homes having been constructed since 1980. Partly because of this 83% of the homes are valued at more than $200,000.
That makes it hard for an investor to make the numbers work for cash flow, but if long term holding for equity growth is the objective, there is no better place in the Atlanta area to own a property.
Our years of experience in property management in Alpharetta have taught us that the pool of interested renters is top quality. People living and working here pay their bills on time. That’s wonderful news for landlords. They also usually take good care of the property too. We have many homes under management in Alpharetta that have had the same tenant living there for over 10 years. That’s a landlord’s dream come true. The greatest cost over the life of an investment home is the expense of turnover.
Another point of interest is that the city recently constructed a state-of-the-art city hall, and made big investments in renovating the downtown infrastructure. They are also years into the development of Avalon, a huge-mixed use development with high end homes, apartments, retail stores, restaurants, and Class A office space. Coming soon is a 300 room luxury hotel.
Alpharetta also host the Verizon Wireless Amphitheatre, a 1200 seat venue that is attracting some of the hottest musical groups in the country. It seems like Alpharetta has it all.
If you would like more information about homes for sales or property management in Alpharetta, please contact us. We will be most happy to serve you.
Daniel R. Wilhelm
3 Options Realty, LLC., CRMC®, The Green Broker
dan @ 3OptionsRealty.com
The author of this Blog is neither an attorney nor an accountant. Nothing written should be construed as legal advice. Conclusions conveyed are outcomes based upon practical experience and should not be depended upon to be a common outcome of other similar circumstances. Consult with a professional before making tax or legal decisions.