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If you’re a landlord, knowing what features are important to renters can help you increase your return on investment. Get knowledge from property investment mentors and attend local property investor groups in Saratoga Springs to make smart decisions for your rental property.
Williamsburg Court is a quiet community in the heart of Saratoga Springs with quick access to unique local shopping, distinctive historic attractions, fine dining, and the race track.
Convenience
The convenience of apartment living is a great asset in Saratoga Springs. The city’s many restaurants, shops, and attractions can easily be reached by walking or driving. A good number of public transportation options are also available for commuters.
In addition, Saratoga Springs is home to a wide variety of housing types. From quaint studio apartments to expansive three-bedroom homes, you will find the perfect place for your needs. You can live by the amazing Spa State Park, in a trendy downtown neighborhood, next door to the racetrack, or in a quiet cul-de-sac neighborhood.
Amenities
Apartment renters in Saratoga Springs have a variety of options to choose from. They can choose from various sizes, including studio apartments, 1-bedroom- and 2-bedroom apartments.
Luxury apartments in Saratoga Springs NY, also offer residents more space and a central location. These communities are located within walking distance of restaurants, parks and shops.
Residents can enjoy outdoor living with access to a rooftop patio and beautiful city views. Other amenities include a package room, a meeting area, a private pet area and a gym. The property is within minutes of the Saratoga Race Track, Downtown Saratoga and the Saratoga Performing Arts Center. The community has flexible lease terms, from 3-18 months. Lawn care, snow removal and water are included in the monthly rent.
Location
The Saratoga Springs real estate market has a high demand for rental properties. The city’s median home market worth is above the state and national averages. Throughout the previous ten years, home market values have increased at an annual rate of.
Most apartment rentals in Saratoga Springs are occupied by residents in the 25 – 34 age group (39%). At the other end of the spectrum, renters who belong to the 85 years or older age group make up only 3% of the city’s overall housing market.
Saratoga Springs shows a shift in housing unit 12, which is lower than most places in the local area.
Energy efficiency
Located in the heart of downtown Saratoga Springs, a community provides a value-inclusive apartment lifestyle. Enjoy oak hardwood-style floors, GE Energy efficient appliances and washers and dryers inside each home at no extra cost. All bedrooms are equipped with plush Berber mixed rugs and California-style closets.
The National Museum of Racing is an excellent way to learn about the history of horse racing. It is a popular destination for visitors to the city of Saratoga Springs.
Investing in real estate can be a great way to make passive income. However, keeping up with local and federal laws regarding landlords is important. Working with a property management team can save you time and money while protecting your investment.
Security
Saratoga Springs is a premier vacation area where you can expect a good return on your investment. Investing in rental properties is an excellent way to take advantage of this, as you can rent them out throughout the year and reap the benefits.
Ensure that your apartment has a peephole to see who’s at the door before you answer it and that windows can be locked securely. Also, look for a well-lit building that is visible at night. This can discourage bad residents from being noisy, doing drugs, or committing other crimes that can negatively affect your apartment community.
Over the past ten years, the population growth rate for Saratoga Springs has been lower than the state and national averages. Despite this, the local market remains competitive and is a solid investment option.
