San Francisco is filled with many magnificent sites and attractions, and if you can afford to buy a high-end property here, it’s certainly a great place to live. With a rich history, an impressive municipal transportation system, countless job opportunities and a diverse array of cultures and interests, this city has lured in people from all demographics throughout years. Now, however, those who are interested in establishing stable, comfortable lifestyles while maintaining reasonable living costs are becoming increasingly attracted to the greater Bay Area. With high crime rates in Oakland and little infrastructure past Oakley, more people are looking to the South Bay with its bustling business centers, attractive shopping options and quaint, tree-lined streets. With SF rents equal to or higher than the average mortgage payment, you may be wondering if now is the right time to buy. Following are several reasons why you should buy in the South Bay Area and put your rent monies toward an investment that is guaranteed to supply incredible returns.
Say Goodbye To The Transient Lifestyle Of Apartment Living And Enjoy Permanence And Stability
SF and many of the close, outlying areas are best for the uber-rich or those who are willing to live a relatively transient lifestyle. Living this way, however, often means constantly staying in search of the lowest rental costs and the neighborhoods that are best in line with the ever-changing needs of their households. Whether married, raising children or with a child on the way, the South Bay is the perfect place to set up home. With the rapid expansion of Silicon Valley, this is one of the top places to look for high-paying tech jobs. The money that major tech companies have brought into this region has also made this a great place to set up new businesses. After all, tech company employees have to go shopping too.
The South Bay is well-developed and yet, remains poised on the threshold of its real growth potential. It offers easy access to the San Jose Airport, the SF International Airport and has pretty impressive public transportation services of its own. Unlike many East Bay communities, particularly those throughout Oakland, Berkeley, Walnut Creek, Pleasant Hill, Antioch, Brentwood and beyond, the South Bay’s school districts have not been troubled by crowding issues and students can still enjoy small student to teacher ratios and ample access to high-end resources. Best of all, given the high presence of tech companies in this region and the ongoing interest in improving STEM (Science Technology Engineering & Math) instruction, students also have access to a number of privately funded programs that they can benefit from at all grade levels.
An Equally Vibrant Nightlife And Lots Of Cultural Diversity
Sure, San Francisco has long been known for its exciting nightlife but both San Jose and Santa Clara are currently giving the old city a run for its money. More high-end acts are booking venues in Mountain View and young and upwardly mobile adults can find plenty of exciting clubs in the South Bay where they can blow off steam on the weekends. There are countless farmer’s markets, and couples and families will love being just a short drive away from the Monterey Bay Aquarium and the famed bed and breakfasts that line the peninsula. Best of all, Gilroy’s annual Garlic Festival offers consumers access to a number of savory and flavorful treats that just cannot be found in other places. Sports enthusiasts can also do like all the other locals do and fall in love with the San Jose Sharks.
Long-Term Considerations For Your Investment
Moving to the South Bay as opposed to living in SF or the East Bay will eliminate the Bay Bridge from your commute and give you access to a downtown area where affordable parking really exists and where it’s actually okay to make a left-hand turn. What buyers should consider, however, are the long-term implications of buying in South Bay communities. The San Jose Branch Campus of San Francisco University is here as is Santa Clara University, San Jose State University and many other big name, famous colleges. The South Bay is home to Netflix, Intel, AMD, Adobe and many other tech companies of note. Thus, if homeowners ever choose to sell or want to transition their investments into rental properties and seek primary residences elsewhere, there will always be plenty of opportunities to do so at considerable profits. Not only is the South Bay one of the hottest places to buy property right now, but it additionally enjoys a robust rental market and an impressively low unemployment rate.
If you’ve been wondering whether now is the right time to invest in a new home, a quick glance at all that the South Bay has to offer will give you the answer you need. There are ample reasons why this is currently one of the hottest real estate markets in Northern California. It is the best place to transition from renter to homeowner and to create a stable home environment.