Real estate investors looking for new markets and considerable opportunities have what they need in the Sandy area of Salt Lake City. In Utah, the real estate market is growing. Regions like Salt Lake City are seeing a huge demand for housing, and investors are watching the value of their assets rise year after year.
Sandy is part of the Salt Lake metro area, but on its own it’s the sixth largest city in Utah. The population is growing, and so is the economy.
There are several good reasons to consider buying real estate in Sandy.
Strong Economy and Tenant Pool
With affordable housing in downtown Salt Lake City nearly impossible to find, many people are considering areas like Sandy for a higher quality of life. Investors in Sandy will find that there is always a strong pool of tenants to rent their properties. These are residents with good jobs and high expectations. A well-maintained property will rent quickly and for the maximum rent. You can count on high retention rates and a reliable, stable tenant base.
The local economy is also growing, and there’s no reason to expect that growth will stop in the coming years. Investors who want property that can grow in value and rising rental rates will find plenty to love about the Sandy section of Salt Lake City.
Diversity of Real Estate in Sandy
There are several unique neighborhoods around Sandy. Investors can find single-family homes in desirable areas as well as multi-family properties that encourage high cash flow. Whatever you happen to be looking for, you can probably find it here.
Sandy is Growing in Popularity
Sandy is getting more popular for certain things, and it’s drawing new residents to the area.
With the construction of a huge soccer field, REAL Salt Lake Soccer has come to town and always draws interest. The Hale Centre Theatre just opened, and it’s generating a lot of national attention. Jordan Commons is a large retail space with movie theaters and restaurants as well as shopping. The Mountain America Exposition Center is becoming a popular place for meetings, conferences, and retreats. There are great schools in Sandy, a lot of culture, and dozens of good reasons for people and families to move out of Salt Lake and into this comfortable and friendly community. Investors will be impressed with what’s happening here.
Real Estate Experts in Sandy
If you’re an investor from out of state or even out of the country, you won’t have to find and buy a property alone. There is a lot of expertise in the Sandy real estate market, specifically with our team at Safeguard Property Management. We have been the Sandy residential real estate specialist for decades, and we have more than 30 years of experience in the market. We know the local real estate trends, we understand the rental values, and we know what tenants are looking for in a Sandy rental property.
Contact us at Safeguard Property Management today, and we’ll talk further about what you can do with an investment property here.