Did you know investing in real estate is one of the safest investments you can make? However, it does require research to find a property that will increase your passive income.
There is an abundance of property that is available, which can make it challenging to know when and where to invest. Don't worry. We are here to help. Keep reading to learn everything you need to know about the Staten Island real estate market and the potential ROI (return on investment).
Staten Island Real Estate
Many investors choose to invest in Staten Island property for a few different reasons. One of the main reasons is location.
Staten Island is located about an hour outside of Manhattan and an hour and twenty minutes from New Jersey. This appeals to many people looking to start a family and work or want to be close to the city but doesn't want to be around the hustle and bustle every day.
As an investor, whether you're looking to sell or rent, a family neighborhood is a great place to purchase a property. It's safe, with good schools, and lots of restaurants and activities.
Investing in Staten Island real estate is a great option because the quality of life is high. Many amenities, parks, schools, and beaches draw people in.
Neighborhoods to Invest In
There are a number of different ways to invest in the Staten Island real estate market. There are several up-and-coming neighbors, and they all have unique qualities and are expected to continue growing.
St. George
St. George is one of the most developed neighborhoods on Staten Island, making it a stable and safe investment. When you're choosing an area to invest in, you need to look at what the area offers.
The ferry and bus both run through St. George, which is a key factor for people who want easy access to the city. People also love a view when they are looking to rent or buy a property, and there are plenty of homes, apartments, and condos with waterfront views and a view of NYC.
New Brighton
New Brighton is another neighborhood that you can invest in and get a positive ROI. It's close to the Verrazano Bridge, which connects Staten Island to Brooklyn, which can be a great selling point.
While homes in New Brighton are more expensive than the United States average, they're significantly less expensive than in New York City, and they're comparable to other major U.S. cities, like Memphis and Baltimore. If you're considering purchasing in New Brighton, now is the time to do as prices are expected to increase.
Fixer-Uppers
Buying a house that needs a little work can be a great way to increase your profits. Cities on Staten Island are still growing, and it'll be beneficial and profitable for you to invest in a growing neighborhood.
Staten Island Real Estate Market
As you can see, Staten Island is a great place to invest. Choosing a location to invest in can be overwhelming; there are many options, and it can be difficult to know which property will make a profit and which won't.If you need help finding a property in Staten Island real estate market,contact us here,and we'll answer all your questions.
Wonica Realtors & Appraisers are Staten Island's #1 independent full-service real estate firm,serving the needs of the community for over 30 years. Whether you are buying, selling, renting, or relocating, our staff of highly trained professionals will provide quality realty services with personal attention to your individual real estate needs.