3 Reasons to Invest Close to Public Transportation

Investing in rental properties close to public transportation can maximize your investment potential. It is not only convenient to have nearby public transit options, but the added value of increased demand can also drive up monthly rental income. Here are three key reasons why investing near public transit is important for your next rental property.

1. More Demand for Premium Rental Rates: Properties located near public transportation tend to be in higher demand than those that are not. Several reasons contribute to this, including the fact that people prefer living in areas with easy access to public transportation. Many commuters rely on public transit to get to and from their jobs, which means they’re more likely to rent apartments or homes close to their transit stop. Not only will this create a larger pool of prospective tenants looking to rent your property, but it also increases the premium rate at which you can command for rental income.

2. Increased Property Value: Investing near public transportation also allows you to reap the rewards of increasing property values. Renters who live close to public transportation have more disposable income that they’re willing to invest in the area. This means that residences near public transit often appreciate at higher rates than non-transit related properties. Additionally, when you decide to sell the property, you'll see stronger returns on the sale of the property as well.

3. Attractive Amenities: When you choose to invest near public transportation, you’re also taking advantage of the extra amenities that often come with these locations. Shops, restaurants, entertainment venues, parks, and more can be found near public transit stations. These amenities are attractive to both renters and potential buyers, and can help your property stand out to a wider audience. On top of that, the convenience of being able to easily get around town via public transit makes the location even more appealing.

Overall, investing in rental property near public transportation is a smart move if you want to maximize both short-term and long-term returns. There’s high demand for these types of properties, and you’ll benefit from the added value of amenities, higher rental incomes, and increased property values. So, if you’re considering investing in rental property, don’t forget to take public transportation into account.