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Living in Rochester, NY, is becoming more and more popular for families, couples and single young people alike. But what makes this place so sought-after? The location is beautiful, it’s clean and remarkably safe compared to other cities, and the culture is warm and inviting — something which attracts a range of demographics. The climate fluctuates between 40F and 62F, meaning citizens enjoy a pleasant temperature all year round, and the weather allows for festivals, concerts and baseball games in the summer, and skiing on the slopes in the colder months. There’s no doubt it’s a fantastic place for anyone living in Rochester NY, but for all those same reasons, it’s also become a profitable place for those looking to invest in real estate. Here’s why, in a nutshell. Affordable Living Importantly, the average cost of living is lower in Rochester than the national average by one percent, which is reflected in the decreased prices of utilities, for example.The lower cost of living ensures affordability for everyone, but this doesn’t mean that there is a decrease in quality of life — on the contrary. The city is home to excellent schools, amusement parks, restaurants, museums, and other cultural institutions that ensure that there is something for everyone. Landmarks and Culture Living in Rochester NY is appealing for the city’s rich, well-commemorated history. Notably, several pioneers of literature and the arts were past residents, and their heritage is honored, preserved and curated. Potential renters (particularly families) are often attracted to places with a deep historical culture, and living in Rochester NY provides this in spades. Public Transport Although there is no subway, Rochester’s extensive public transportation includes a very reliable bus network. Bus routes run throughout the city and beyond to Pittsford, Greece and Henrietta, among other areas. Booming Rental Market Unsurprisingly, there is a huge rental boom in the city at the moment. Families, single people, professionals, and couples are moving to the city for the excellent standard of living, so this means that there is a steady increase in properties needed for rent. The attractive quality of life and the thriving economy is reflected in the high occupancy rates, so it’s an ideal time to invest while there is constant demand for housing. Living in Rochester NY is wonderful for its many happy residents who enjoy the superior standard of living and high-quality houses and apartments, which is great news for potential real estate investors. If you’re considering dipping your toes in the real estate investment market and becoming a landlord, it’s a wonderful city to start. However, it’s important to enlist the guidance of a professional local property management company to help you every step of the way. They will manage all the complicated and legal aspects for you, collect the rent, vet tenants, take care of maintenance and repairs, and allow you to sit back, relax and just focus on enjoying the profits! Author Plate Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience providing a holistic service for both domestic and international investors. The high quality of living in Rochester NY makes it one of the most exciting areas to invest in both commercial and residential properties. The company brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.
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