Savannah is located alongside the namesake Savannah River. It is a mere twenty minutes away from the Atlantic Ocean. It was founded by the British as a British colony back in 1700 and it served as the primary port during the Civil War as well as the American Revolution.
Now, coming to the point where the reasons are enunciated why it is a good idea to invest in the Savannah real estate sector.
Well, in a nutshell –
- The tremendous growth in job opportunities
- Lack of usable grounds so that new housing could be built on it and
- A desirable quality of life – are some of the many reasons why people should invest in Savannah’s real estate sector.
With that stated, it is time to take a closer look into each of the aforementioned reasons in the sections that follow –
Savannah’s job market is booming
Savannah has been time and again labeled as an “economic star” and for the right reasons.
It has a bright future, especially in the following sectors –
- The defense sector
- The aerospace sector
- The tourism sector
- The entertainment sector
- The transportation sector
- The manufacturing sector
- The healthcare sector and
- The education sector.
All of the above-mentioned sectors (except one or two) also get a major boost from the deepwater port of the city thus ensuring that the job market of Savannah remains steady and strong even in these trying times.
A strong job market means more people will be coming here, start their families, and will look for homes for sale near Pooler – one of the most popular real estate market pockets located in the northwest of Savannah, even if they would have to pay a premium! So investing in Savannah’s real estate sector is a wise decision for people who want high returns on their investments.
It is well connected to the rest of the USA
The city is well connected as interstate highways such as –
- I-19 and
- I-516, pass through it.
Furthermore, it is in proximity to major metro cities such as –
- Charlotte and
On top of this, it has its international airport – the Savannah Hilton Head International Airport (or SAV for short). It caters to both commercial and passenger planes coming from and going to destinations like –
- Miami and
- New York City.
It is the best place to invest in properties to offer on rent
Savannah is often chosen as the location to shoot TV shows and movies. This is the reason why property owners here started leasing out their properties both on a long and short–term basis at premium rates as people associated with showbiz do have deep pockets.
Secondly, small apartment buildings and high-rise complexes are almost absent in Savannah as the local authorities have imposed strict building restrictions. This is driving people to opt for rental properties – another opportunity for property owners in savannah to make some money on the sides.
This is a convincing reason to invest in a property in Savannah today as, in these trying times, a little extra cash on your hands is not at all a bad thing, isn’t it!?
Buying a real estate property in Savannah, Georgia is a wise decision. For more details, it would be best for you to get in touch with a real estate agent or agency that specializes in real estate transactions taking place in Savannah.