It would be fair to say that some cities are a real rollercoaster journey for investors and what might be on the rise one year, might be doing the exact opposite the next. The same can’t really be said of Houston, with this holding some advantages that have always allowed investors to keep the faith.
Fortunately, for any budding real estate investor out there, you will still be able to find an investment proposition. However, if you are still sat on the fence, here is some advice from Allen R Hartman who is no stranger to the benefits of this market.
The second home of Fortune 500
One of the main reasons that Houston is regarded as such an investment hub is due to the sheer number of big corporations that are based there. In fact, if you were to look at the country as a whole, you would be able to see that there is only New York which has more Fortune 500 companies. A photo of the skyline would see it dominated with skyscrapers full of these huge organizations.
Of course, the benefits of this are endless. It means that there isn’t always a steady supply of jobs, but also very good quality jobs that pay well. For the investor, this means that demand is always going to exist for good quality housing.
The oil and gas factor
Next on the list is the oil and gas factor. We’ll keep this section short, as the benefits are very similar to what we have just discussed.
As most people are aware, Houston is the home of oil and gas in the US. In fact, almost 4% of all jobs in the region are credited to this industry. Considering the fact that it is renowned for paying well, it also means that demand for expensive housing is likely to be high.
Health care is also high on the agenda
Oil and gas might grab all of the headlines, but let’s not forget about health care in Houston. For example, the Texas Medical Center happens to be the biggest employer in the whole of the city. Not only this, it also happens to be the largest of its kind in the world. Then again, when you consider the fact that the whole complex is bigger than downtown Dallas, it’s hardly a surprise.
Not only does this make Houston a pioneering city for medicine, but again it shows just how many fields it specializes in for jobs. We don’t need to reiterate the correlation this has on the housing market.
It’s not all about work
So far, we’ve spoken a lot about the working benefits of Houston, and how this attracts investors. If we look at the city from a recreational point of view, it also has plenty of parks. For those families who are looking for a friendly neighborhood that is suitable for children, this is obviously a huge benefit. A lot of green space is always appealing, and the fact there are over 50,000 acres says everything you need to know about this.