Have you set your eyes on investing in the Tidewater region in Virginia?
With investment options left and right, you might have thought that people would have moved to more modern alternatives. Traditional real estate has proven its worth over the decades, offering steady returns to individuals, households, and corporations.
In this article, the team from KRS Holdings breaks down to potential investors the best areas to invest in Tidewater. The article highlights the characteristics that make each neighborhood unique and what would attract a potential buyer there.
Chesapeake
If you are a lover of Mother Nature, wildlife, and the earth, we recommend that you invest in Chesapeake. Few areas in the region can match the beauty that it offers. Outdoor enthusiasts and lovers are known to traverse its large acres of open land enjoying all that Mother Nature has to offer.
It has been ranked repeatedly as one of the best cities to live in the country. Chesapeake is known for its large and undulating farms, wetlands, and forests. Choosing to live here gives you access to the Atlantic Intracoastal area.
As you must have figured out by now, Chesapeake is not appreciated for its urban development. There is a small urban footprint in the area which enjoys the massive swathes of land that surround them.
This is not to say that you will not find all the needed amenities and utilities within the urban developments around.
Another reason Chesapeake has made this list is the quality of the education public system. Locals can attest to the comprehensive system and quality tutorship that gives the children the perfect footing that they need to make a living and a name for themselves in this competitive job landscape.
Norfolk
Situated on the banks of the Elizabeth River and the Chesapeake Bay, we have the neighborhood of Norfolk. This is another vibrant option in the Tidewater area known for various reasons. To start with, Norfolk has one of the most vibrant histories.
Step into a museum or one of the well-preserved historic areas and you will enjoy a lengthy history discussion that will last you a whole afternoon. Should you want a change and prefer a more modern taste, you can visit one of the performing art centers available in Norfolk.
Norfolk is also the host of albeit the largest naval base in the world. Save for it being a statistic in the Guinness Book of Records, the naval base brings in millions of dollars in spill-over revenue to the area.
In addition, the presence of the naval base presents a sense of security and safety. The region is known for its safety and low crime rate.
Should you get tired of the histories, we recommend that you make your way to the Nauticus National Maritime Center. This is regarded as the #1 local kid-friendly attraction in the region. This is where couples and households go to make worthwhile memories that will last a lifetime.
Alexandria
Nestled between Washington D.C. and Arlington, we have the beautiful and well-preserved district of Alexandria. Few cities in the region and in the continental match up to the beautiful architecture vividly evident in the buildings and social amenities. And of course, each building has its own unique story to tell.
The most typical investment option in the area is well-preserved century-old townhouses. These townhouses have a certain flair about them that you can’t find in modern options.
Just because it's well-aged doesn’t mean that Alexandria lacks a modern touch. Both private entities and local authorities have gone the extra mile to give it a contemporary feel. Award-winning dining and catering options line the streets.
Virginia Beach
This list would not be complete without mentioning the largest city in the state, Virginia Beach. This is regarded as a holiday destination by most local and out-of-state visitors who flock to it all year round.
It is the ideal opportunity for an investor to invest in short-term rentals and leverage on the thousands of investors who visit it.
As insinuated, Virginia Beach offers several miles of pristine and glossy sandy beaches where you can bask and enjoy the sights of the ocean. Of course, there are dozens of activities that one can enjoy regardless of the age or your range of interest.
To complement the activities of the beach and the ever-present flocking throngs of people, there is a boardwalk parallel to the beach. Here, you will find a wide range of seafood options for your culinary tongue. You can also enjoy live music, amusement rides, and mini-golf courses.
The two most renowned attractions in the area are the Virginia Aquarium and the Ocean Breeze Waterpark. Visitors throng to these options to enjoy the various watersport activities available.
Bottom Line
There are various reasons why you should choose the Tidewater region for your next property investment. We recommend that you consider Virginia Beach, Alexandria, Norfolk, Williamsburg, and Chesapeake.
All these neighborhoods have different characteristics and each is suited for a particular investor.
Property is a localized asset and will require that you take your time analyzing the various markets. Even should you choose to invest heavily in research, you might need a reliable local partner who can break down the dynamics of the regional market and local neighborhoods.
For all your property analysis and data metrics, rely on the reliable team from KRS Holdings. We are a full-service property management firm known for our professionalism, accountability, and integrity. You can get in touch with us and receive a favorable quote from us.