San Antonio is a city that’s attracting more and more residents from year to year. It has a number of outdoor attractions and points of recreation, which allows residents to enjoy the nearly year-round sunshine. There’s the Alamo Museum, The San Antonio RiverWalk, and countless parks and green spaces.
As population increases, so does the demand for high-quality rental housing. If you’re thinking of investing in San Antonio real estate, you’re making a great choice. You can expect rising rental rates, a pool of well-qualified tenants, and home values that are sure to appreciate over time.
We have some great neighborhoods for you to consider when you’re ready to identify local investment opportunities.
Choosing Investments: Consider Your San Antonio Tenant Pool
Tenants in San Antonio will largely be families, professionals, and retirees. Many professionals who are moving into San Antonio are doing so because of the dynamic local economy, which is driven by several industries and public sectors. The best place to buy will be a neighborhood that attracts the most tenants. It may be in a great school district or close to commuter routes.
When you’re choosing the neighborhood to invest in, make sure you’re thinking about your likely tenants. Many investors make the mistake of looking for homes that they’d like to live in themselves. Unless you’re targeting high-end tenants and rental values, you probably don’t need granite counters, marble floors, and custom bathtubs to attract your ideal residents. What you need is a clean, functional, and well-maintained home that’s attractive and welcoming.
Buying in an HOA: Check Association Rules
San Antonio offers a lot of diverse neighborhoods to investors. Before you buy a single-family home in a new construction neighborhood with an HOA or a condo in a building with an association, make sure you understand what you’re joining. You have to review and accept the association rules and regulations. There may be rules about pets, extra fees, and high association dues that will have to be factored into your decision. Choosing the association that you buy in will often be just as important as the neighborhood in which it’s located.
HOA communities are growing across the country, and there’s a good chance your investment will fall into an association of some sort. Be prepared for the extra rules and regulations involving your plans to rent your home out.
San Antonio Investment Homes: Check Out These Neighborhoods
Excellent investment options exist throughout San Antonio. Real estate investors can expect to earn consistent rental income while they have good tenants in place preserving the condition of their San Antonio rental property. Here are some of the neighborhoods we like best for investors:
- Stone Oak. In this neighborhood, you’ll find everything from single-family homes to luxury apartments. Leafy neighborhoods and a small-town feel are easy to enjoy in this area. A nearby golf club also provides opportunities for swimming and workout facilities, which tenants are likely to appreciate.
- Olmos Park Terrace. Both single-family homes and multi-family buildings can be found in this neighborhood, providing a diverse selection for investors who are looking for one or the other. This is an artsy, modern area that’s full of culture and diversity, attracting tenants who appreciate walking to shops, galleries, and restaurants.
- Heritage. One of the most family-friendly neighborhoods, investors will find a great inventory of homes, all of which will make great rentals. The school district is highly regarded, and the commute to downtown San Antonio is a breeze.
We would also love to talk about the opportunities in neighborhoods such as Braun’s Farm, Dellview, and north-central San Antonio. Talk to us about your investment goals, and we’ll have a better idea of where to direct you. For more information, please contact us at OmniKey Realty. We work with rental property owners in Houston, Dallas, San Antonio, and surrounding areas in Dallas County, Collin County, and Houston County.