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Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
140
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258
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Hazel Green- too far for commuters?

Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
Posted Feb 8 2022, 11:16

Hey y'all, I'm an out-of-state investor working with a realtor on my first investment property.  I had initially sent her several listings in Madison proper, but apparently all 3 were already under contract.  She mentioned the market for resale properties is super-hot in Madison right now, and she suggested I check out a certain planned community nearby.   I just checked Google Maps, and apparently the development is in Hazel Green, just off the 431.  I see that makes it about 30 minutes from (for example) Redstone Arsenal, which I know is a major employer.  It's only about 19 min from the big new Facebook Data Center, which doesn't sound too bad to me.  That said, I'm not a local and I'm not sure what commute time most locals are used to.  Would these commute times make my rental unattractive to a local renter?

Also, would y'all agree with my realtor that a new construction home is a viable path forward, considering the competitiveness of the local market?  I do like the idea of buying a home where everything is still under warranty, although the idea of buying something that doesn't exist yet gives me some pause.

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