With home prices finally getting back to normal, and in some places showing potential to be even better than before, you might be asking yourself if now is a good time to sell your home and move? But with so many options and so many great places available, what is the best? Here are a few little-known real estate hot spots for you to consider in your search.
This gem, located smack dab in the heart of America is one of the most economically viable cities in the country.
With a median household income of over $45,000 and the average home price of under $150,000, it is a great option for many people looking to move to a new city. It also boasts an unemployment rate of 3.9 percent putting it well under the national average of 6.2 percent. Mutual of Omaha and Berkshire Hathaway (1) are both headquartered in the largest city of Nebraska providing numerous employment opportunities, not to mention the fact that Warren Buffet, head of Berkshire Hathaway and one of the richest people on the planet, still lives there in the house he purchased for $31,500 in 1958.
Omaha is also considered well above average in terms of education and ambiance. It is often rated as having one of the highest educated workforce in the country and pushes its schools to help maintain that standard. Omaha is ideally located to be able to experience all of the seasons throughout the year while not having to endure the extremes of any of them.
Known as the "City of Trees," the unique weather and pristine outdoors of Boise make it a popular destination for vacations and tourism throughout the year. This, in turn, makes it an ideal place to invest in vacation rentals or even set up a second home for you and your family. A higher median home price often means that you can pick up really good deals that can be flipped and either sold-off outright for a profit or better yet, a vacation rental.
Taking advantage of simple improvements can make a huge impact on the success of your rental. Companies like Serenity Lawn & Landscape can help you design and manage your yard for top appeal while companies like Champion Home Exteriors can assist you with everything from windows and doors to roofing and siding.
Buffalo, New York
Recently ranked one of the most affordable cities in the country, Buffalo is a great location if you are looking to move somewhere new. In sharp contrast to its nearby neighbor of New York City, numbers show that homeownership is attainable for over 88 percent of the population, according to Forbes. And contrary to popular belief, the weather is quite nice. Boasting more sunny days during the summer than anywhere else in the northeastern part of the country, it also somehow tends to escape the worst of the snowfall which is centered on the southern part of the state. This, by the way, leads to some of the best powder snow skiing around.
Community is a large part of the culture in Buffalo. Whether your preference leans towards culture, sports or food and drink, you can find an active and boisterous group of individuals ready to celebrate and explore. And, with short commute times and proximity to some of the biggest and best cities in the world, quickie vacations become a thing of habit.