Reasons to Invest in Santa Cruz Real Estate
The idea of real estate as an investment option has been one that has withstood the test of time. When one has put their money in the right market, rental properties have assured investors of consistent returns, appreciation, tax benefits, and have been a good absorber of economic shocks.
California is associated with good weather, beautiful beaches, and diverse communities. Truth be said, it’s one of the ideal places to live in the United States. Santa Cruz expands on this idea thanks to the amenities and the lifestyle it offers its residents. In this article, the team from C&C Property Management describes the various reasons why you should choose Santa Cruz as your next investment option.
Quality Education
Individuals and households are always on the lookout for neighborhoods with access to good education institutions. This guarantees future generations the foundation they need moving forward in life. Some of the best-ranked schools in the area include Cypress Charter High, Scotts Valley High, Mission Hill Middle School, and Pacific Collegiate Charter. Best of all, quality education in Santa Cruz doesn’t only apply to the high school level. The area is home to UC Santa Cruz, one of the best-performing universities in the state.
Location
In your research of how to invest in real estate, you’ve likely come across the importance of location. It’s reiterated time and time because of the immobility of property and the value derived from being located close to ideal amenities and infrastructure. As such, looking neighborhoods that yield strong returns.
Choosing to invest in Santa Cruz means you will have an easier access to most of the Central Coast and the Bay Area. San Jose is just a few minutes away along Route 17 while you can be in the Bay Area within an hour. When you choose to lease out your investment property, your tenants will appreciate the easy access the area offers to almost every location on the Coast.
Robust Economy
As a potential future rental property owner, you want your real estate investment to be located in an area with a robust economy. This is because, you want to be assured that your available tenants have the financial capability to pay rent.
In addition to the tourism industry in the area, the healthcare, finance, and tech industries are some of the well-performing ones moving the local economy forward. You’ll, therefore, likely have an easier time finding financially capable tenants who will lease your units long-term and have no issue with meeting their lease obligations.
Vibrant Entertainment Scene
Entertainment is a big must-have for most urban areas. It allows people to unwind from their busy schedules. The most popular option in the area has to be the Santa Cruz Boardwalk. Located along the Monterey Bay, you will find different museums, cultural establishments, and, therefore, be able to appeal to art enthusiasts.
Part of the entertainment and cultural scene residents and visitors will be able to enjoy the various dining establishments. You will be able to enjoy food from almost every part of the world in Santa Cruz. You can also check out the Santa Cruz Museum of Art & History, the Santa Cruz Children’s Museum, Seymour Marine Discovery Centre, and the Court of Mysteries. The diversity in culture is what attracts people and makes them fall in love with the community.
Weather
One of the biggest advantages of Santa Cruz is the beautiful weather. The area enjoys between 250 to 300 days of good weather and beautiful sunshine every year. Combined with the beautiful beaches and the plethora of outdoor activities, there is never a slow day in Santa Cruz. What’s more, even the winter months experience pleasant weather. As a result, you’re bound to see several new visitors, especially those escaping colder weather.
Outdoor Activities
Thanks to the good weather, it’s always the perfect time to go the beach in Santa Cruz. The local favorite is Monterey Bay where you’ll enjoy everything from boating and surfing to just enjoying a walk by the water. Other beaches that you should check out include the Seabright Beach, Capitola beach, Santa Cruz Beach, Lighthouse Field State Beach, and Four Mile Beach.
Many people associate California with its beautiful beaches but the area and Santa Cruz, in particular, has more to offer than just that. If you don’t like getting in the water, Santa Cruz has multiple land recreational options that you can choose from. You can choose from several mountain and hiking activities.
Tourism
The area is peppered with both local and international tourists at any time of the years. However, it is during the winter months that the city experiences a significant influx of tourists from all over the world. From the local statistics, millions of dollars circulate in the economy thanks to these tourists also known as snowbird. You can also take advantage of this from a real estate perspective by investing in short-term rentals. Some prudent investors balance both long and short-term lease options by analyzing the tourism numbers.
Bottom Line
If you are looking for a real estate market that promises good returns, consistent rental income, and several other benefits, you should have a look at Santa Cruz. Real estate is not similar to other investment options. It requires a thorough and more in-depth analysis before sinking your resources into it. To help you make the right decision, you would need the perfect partner by your side. Get in touch with C&C Property Management today.
We are a full-service residential property brokerage firm with years of experience in the local market. Our property management company has successfully advised and guided hundreds of clients, analyzing investment options and recommending only the best. If you are looking to invest in Santa Cruz real estate, contact us today!
C&C Monterey PM Inc. DRE 01526734
Kyle Chernetsky DRE 01928366
Kevin Cesario DRE 01953086
Corporate Office
445 Tyler st
