South Carolina since it’s formation back in 1729, has been on the real estate investors list. This is mostly because of the geographical location of the state along the Atlantic Ocean. From retired personals to young investors, everyone looks towards South Carolina, for its low cost of living and pristine landscape.
If you are also looking forward to purchasing a property in the state of South Carolina, here’s a list of the best places you should check out.
You can find properties for every need here. Charleston and its surrounding communities offer everything from luxury waterfront homes to condos and apartments in dense downtown. The city is a little pricier as compared to the median price of the overall state and more suitable for people seeking leisurely experience.
Home to the University of South Carolina, Columbia is the largest community across the state. One of the major reasons why this city can yield higher rentals is the military installations in the city. Also, there are jobs in the healthcare and education sectors. The city offers highly affordable property options to cater to all communities.
3. Hilton Head Island
Hilton Head Island is ranked as the most expensive real estate in South Carolina. Popular amongst retirees and seasonal residents, this popular vacation destination offers some of the highest returns on rental properties. You can expect around 9-10 percent return on your investment just by renting out your property to tourists during the spring and summer months.
4. Lake Keowee
If you are looking for a home away from all the hustle and bustle of city life, then Lake Keowee is the place for you. With less competition and more options at hand, this artificial reservoir offers some pristine scenic experiences to its occupants. According to Matt Roach from Top Guns Lake Keowee Real Estate, the location offers a variety of recreational activities. One can enjoy, swimming, fishing, and kayaking in the lake.
The home prices have risen by 8.2% over the past year in the community of Greenville. The community presents interesting opportunities for real estate investors. The city now has more expensive housing in the state with the median home value of $186,900.
Not everyone desires to own a lavish home. For the ones looking at more affordable options, the smaller community of Sumter offers some of the least expensive opportunities. The median value is well below the state’s average value at $83,300 against $165,500. The city witnessed a whopping 14.9% increase over the years, and further predictions suggest that it will continue to rise by another 9% over the next year.
It’s always smart to partner with a real estate agent who is rated top amongst the local community. This would help you acquire the hottest properties at affordable prices. Although the internet offers some information regarding the properties in almost every region, the local market expertise of professionals cannot be replaced. Investing in the wrong property with no returns on your investment can be avoided with the help of a seasoned realtor.