Sonoma County is a unique place in every sense of the word. If we were to carve it right out of the state of California, it could be its own civilization and completely self-sustaining. It has everything you need; agriculture, meat, dairy, wine, and a high rate of employment, particularly in high-paying industries like healthcare and technology.
This on its own would make Sonoma County a great place to invest. But, there are other reasons, too, and we want to share those with you. Whether you’re a new investor thinking about purchasing your first piece of real estate or an experienced investor adding to your portfolio, we think you should consider Sonoma County.
Strong Economic Factors in Sonoma
It’s fun to find cheap real estate investments in other markets, but if those local economies aren’t performing, you’re not going to make a lot of money. In Sonoma County, real estate is expensive. However, the economy makes it possible to enjoy a successful investment even after spending a lot of money on an asset. The job market here is growing, and more companies are arriving every year to invest in the community, offer high paying jobs to local residents, and increase the amount of capital that’s flowing through Sonoma County’s cities and towns.
The area will always have a strong and flourishing tourism economy, which also leads to a healthy hospitality economy. But, things are diversifying. There’s now a lot of investment in financial and medical sectors, as well as technology and construction. Even the creative arts are finding support here.
Sonoma County’s High Quality of Life
People love living here. People love working here. Therefore, people love investing here. There’s proximity to the coast and the mountains. There’s a thriving culinary and creative scene. The schools are great and there are hundreds of desirable neighborhoods that are in high demand among tenants. New construction is becoming normal thanks to the local population growth.
For real estate investors, this means a constantly evolving pool of tenants. You’ll always have people looking to rent a desirable property, and many of those new tenants are millennials who have no interest in buying a Sonoma County property just yet. You won’t have to worry about high vacancies.
Home are Always High Value
Property values are strong in Sonoma County, and there’s no reason to believe they won’t stay strong. It’s not the best place for investors to buy and flip a home, but if you’re planning to buy and hold for the long term, you’ll find that there’s a lot of money to be made. Not only will you have well-qualified renters paying down your mortgage and contributing to your expenses, you’ll find your asset is worth a lot more in five, 10, and 20 years from now.
We know that there are markets across the U.S. where you can get in for little more than $100,000. That’s an attractive option. But, for stability and long term returns that are hard to beat, consider Sonoma County. People visit from all over the world, and living here feels special. When you invest in Sonoma County real estate, you know you’re making a smart choice.