Utah is the only U.S. state with a median age of under 30. With a young population and the highest percentage of households with children, it's easy to find great neighborhoods in the Beehive State.
Real estate investors see plenty of opportunities to buy properties that target potential young renters.
What should investors look for when considering neighborhoods in Hooper, Utah?
A popular rule for buying a home applies to real estate investing as well: remember location, location, location. Keep reading to learn some tips that will help you assess possible neighborhoods.
What Are Your Priorities?
Make a list of your priorities. Are you looking to invest in properties with a lot of amenities? Are good schools important to you?
Do you want a home close to an urban area?
Think of your typical renters, and your priorities should cater to their preferences.
Neighborhood Research
Use real estate websites to research neighborhoods in Hooper. You'll get information regarding median home prices, crime statistics, school rankings, and more.
Crime Rates
When you're looking at properties in various neighborhoods, the safety of the area should be one of your top priorities.
Look at local crime statistics. There are many online resources, such as interactive crime maps.
What is the police presence in the neighborhood? Are there any active neighborhood watch programs?
School Rankings
Whether you or your typical tenants have children or not, school rankings are always important to consider for resale.
Most real estate listings show schools located within the zone of the property. The home listing will also show the school's ranking.
Look at websites that rank schools across the state and put in the home's zip code to get more specific information.
Also, consider the availability of other options like private or charter schools or homeschool communities.
Visit Neighborhoods You're Considering
Have you seen a listing for a home in the Ogden area? You'll find family-friendly communities from there south to Clearfield, Layton, Kaysville, and Farmington.
The most desirable areas are in the north part of the city. More affordable homes are located in the northwest.
If you're not already familiar with certain neighborhoods, it's a good idea to take a look at each area, possibly during different times of the day.
Nearby Amenities and Things to Do
How close is the neighborhood to parks, libraries, and healthcare facilities? What about recreational activities? Where is the nearest grocery store?
Amenities and things to do are important for your tenants' quality of life. Happy renters pay their rent on time and stick around.
Think about the things you would want close to where you live when considering a certain neighborhood.
Real Estate Investing
Now that you know more about what to look for in Hooper, Utah, neighborhoods for real estate investing, you'll feel confident when buying your next house.
Do you know who can help you manage your properties? We at PMI Northern Utah are a team of professionals dedicated to providing our clients with high-quality management services.
Contact us today through our website or by calling 801.821.0095 to set up a consultation.
