Home ownership is great. It’s an exciting step in one’s life, but it’s also a process. While the idea is appealing, potential buyers must wonder if the city that they want to buy in is a good investment. Will the property depreciate? Is this home in the right location? We have good news for those living in the Triangle area.
According to recent research, Raleigh-Durham and the surrounding area offers the most bang for your buck if you’re looking to purchase a home in today’s market. Based on extensive market research into home prices, quality of life, trends, average home size, and more, the Triangle area won across the board.
Out of the Top 15 cities, the Raleigh-Durham was listed as the No. 3 best city to live in. Every day, population increases across the Triangle, which means that the economy is both healthy and growing. Additional research revealed that homes are expected to grow at an impressive 26 percent appreciation rate over the next three years.
With 11 traditional universities in the area, the area is ideal for families with those who are college-aged or will be entering college soon since there are so many options to choose from.
As far as jobs go, hundreds of companies can be found in the area, along with Research Triangle Park. Forbes released its top 500 companies to work for, and three different Triangle-based companies made the list, including Duke University, Set and Service Resources, and PRA Health Services.
Are you looking for somewhere to live in the Triangle area? We’ve got several options for new home communities.
Raleigh
Master-planned communities are a great option for those looking for convenience. Have you had the chance to see 5401 North? This community is located close to downtown, and offers complexes, cafes, shops, and schools within its neighborhoods. Ranging in price from the $200’s to the $600s, there’s a home for everyone in this community.
Chapel Hill
Legend Oaks is one of Chapel Hill’s newest communities, with homes from a variety of Triangle builders. Beginning in the 400’s, you’ll be able to find both ranch and master-down plans in this quiet community. With a setting of sprawling, grassy hills and unique floor plans, it will be hard to pass up on living here.
Apex
Are you wanting to be close to major highways, downtown Apex, and shopping? Look no further than McKenzie Ridge by Meritage Homes. This new community features unique floor plans with energy efficient features throughout.