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Friday, 30 August 2019 11:53

5 Reasons Asheville, NC Is a Great Place to Own Property 

Owning property can be a great way to build your portfolio - or increase your stress level. It can be a wonderful way to earn an income - or spend more on headache pain relief than normal. It can be a terrific way to achieve goals and prepare for the next phase of your life - or make you wish for a regular 9-5. Ah, the property owner’s life! But investing in property in Asheville, North Carolina is a solid, strategic move. Ready to avoid the stress, headaches, and second-guessing?


Welcome to Asheville, NC

Nestled along the Blue Ridge Parkway and between the awe-inspiring Nantahala and Pisgah National Forests, Asheville is known as the “Land of the Sky.” Look out a window: it’s easy to see why! But views aside, why is owning a property in this unique neck of the woods advantageous?

1. It’s a “Must Visit”

Asheville combines a gorgeous, outdoor-friendly culture with a thriving - and very cool! - downtown. Residents and visitors alike enjoy the opportunity to commune with nature… and then go grab a chilled glass of suds from one of the craft breweries. 

There are more than 25 art galleries, museums, and studios in the downtown area, and you’re bound to bump into musicians, performers, and free to all public art as you walk down the streets. From farm-to-table restaurants to the most amazing hiking this side of the Mississippi, there’s little wonder why Asheville has become a hot destination. And locals love it even more.

2. Opportunities for Vacation Rentals

Did we mention there’s a ton to do in Asheville? Buncombe County attracts over 11 million visitors a year, who spend in excess of $2 billion (yes, with a “B”). They support 27,000 jobs and make a $3 billion+ impact on the economy. Good news if you run a restaurant, shop, or… own a property. 

There are opportunities to leverage the power of short-term rentals. Whether you do it yourself or go the Airbnb type route, you can offer your property as a daily, weekly, or monthly dwelling for those looking to live it up in Asheville for a while.

3. It’s a Must-Live Too! 

This is the place to live. US News looked at 125 metro areas in the United States to find the best places to live. Asheville ranks 16th in the nation. The analysis examined factors such as quality of life, the job market, value, and desirability. 

Additionally, Asheville has a bit less than 500,000 residents: it is the best of both worlds for those who love city living and community spirit. There’s a very low unemployment rate and reasonable average commute times to boot.

At the same time, because the area is so desirable, the cost of living is rising. This makes it a great opportunity for those offering rental properties.

4. Deep Pool of Tenants

Thanks to the University of North Carolina - Asheville, there is an influx of young people in the city. It also draws a healthy number of retirees looking to enjoy the weather, the vibrant culture, the wonderful scenery, and the sheer Southern charm of this area. Your property can be marketed according to your preferences and needs - but rest assured, you will have a ready supply of tenants.

5. Property Management Services Can Lift the Weight from Your Shoulders 

The best news: you don’t have to shoulder the weight of owning a property alone. Property management services take on a number of responsibilities, including tenant advertising, screening, day-to-day maintenance, disputes, lease issues, move-in, and move-out inspections, and much more. Not having to deal with 2:00 am noise complaints or 6:00 pm plumbing problems: priceless! 

If you own or want to own property in Asheville, contact Asheville Phoenix Properties. No stress. No headaches… We’ve got your back.