Are you thinking of investing in the Marietta, GA real estate market? If so, you’ve come to the right place! In this article, we cover everything you need to know before taking the plunge!

Everyone knows that a real estate investment can be a good vehicle to create wealth. You may be able to diversify your income and earn decent passive income every month.

The U.S. has countless real estate markets both at the local and regional level. Some areas, however, have a bigger potential than others. Marietta, GA is one of these markets.

There are many reasons to invest in Marietta. Marietta is home to beautiful neighborhoods, top-quality healthcare, high rental demand, and a great economy. Even Livability ranked Marietta as one of the top 100 best places to live in the country.

But as with any other investment, investing in real estate doesn't mean guaranteed success. To succeed, you’ll need to make the right investment moves – and that begins by following tips from experienced real estate professionals.

In this article, Avalon Property Management will cover all the basics of buying an investment property in Marietta. Follow the tips below to ensure you make the most out of your investment property purchase even if you're investing out of state.

The Marietta Real Estate Market

Over the past decade, the real estate market in Marietta has skyrocketed, and it continues to grow. According to Zumper, the average rent for a 1BR apartment in the city stands at $1,110. This represents a 10% increase compared to last year.

Besides the increasing rent prices, properties are also increasing in value by over 10% each year. In downtown Marietta, homes are going for around $350,000. This has made the city’s real estate one of the most expensive in the state of Georgia.

As a potential real estate investor, you’ll be glad to know that demand for rental homes exists at every income level. As people come, stay and go, you can boost your income and diversify your investment portfolio by making the right property purchase.

real estate investing

Top Tips for Real Estate Investments in Marietta

1. Choose a High-Rent Area

To maximize your returns, you may want to invest in an area where you can charge the highest rent payment to purchase price rate.

When weighing the upfront costs of a rental, also remember to account for expenses, such as for renovation and improvement. Finding the right balance between expenses and the potential income can help you determine your expected ROI.

2. Budget Accordingly

Many investment property types exist, from villas to condos to tiny homes.  You’ll need to choose the type that perfectly meets your investment goals. When choosing an investment type, one factor to consider is your budget.

Having a budget will ensure you stay on track during the shopping phase.

When preparing your budget, it’s crucial to account for all potential expenses, such as taxes and homeowners’ association fees.

3. Invest in the Right Neighborhood

Begin by understanding how the local market is behaving. Are rents increasing in comparison to former years? Is there a planned development in the area? Are jobs growing or reducing? Are property values on an upward trajectory?

These are all questions that can enable you to get a good overview of how the market is behaving. A quick Google search should help you get answers to these questions. Alternatively, hire an experienced property management company to help you with the research.

neighborhood homes marietta

4. Do the Math

Make as many calculations as you can before signing on the dotted lines. The last thing you want is to invest in a property that doesn’t offer a good ROI.

Consider a bunch of scenarios and play around with them. What do the numbers tell you?

Ideally, you want to invest in a property that can earn at least 1% of the total purchase costs. So, supposing you buy a property at $300,000, a good investment should be able to earn you a gross monthly income of at least $3,000.

5. Consider Hiring Professional Services

Just because you own a rental property, it doesn’t automatically mean you can manage it. Landlording requires certain skills and experience that you might not have. Before you decide to self-manage your property, here are some questions to ask yourself.

  • Do I have the time to respond to tenant maintenance requests?
  • Do I know what it takes to find a good tenant?
  • Am I aware of the myriad of tenancy laws that exist in Georgia?
  • Do I have strategies in place to attract and retain tenants?

If you answered ‘yes’ to these questions, then you can probably self-manage your property.

However, if not, then you’ll need to hire a property manager to manage it on your behalf.

Needless to say, when hiring help, always go for an experienced property management company that has your best interests at heart.

6. Increase the Appeal of Your Rental Property

To attract the right tenants, you’ll have to make your Marietta rental property stand out from its competition by increasing its appeal.

One thing you can do is give the walls of the property a refreshingly new look by painting them. It’s a simple and inexpensive process, but it has the potential to massively improve your property’s appeal.

Another thing you can do is to replace old, inefficient appliances with new, stylish and energy-efficient ones.

inside a rental home

In a Nutshell: Is Investing in Marietta Real Estate Worthwhile?

Overall, yes! It’s going to be worthwhile if you make the right moves.

One of the best things you can do is hire an experienced property management company. Avalon Property Management has been in business since 1991. We take pride in helping investors realize their investment goals. Our services are both reliable and professional.

For more information, please contact us today.