As a top Realtor in Reno-Sparks, I am frequently asked about home values in Reno-Sparks, and the impact Tesla is having on our area. The truth is, Tesla is already having a tremendous impact on our area, and will likely continue for years to come. Here are a few Tesla facts to consider:
- Tesla will be hiring and relocating 6,700 workers to our area over the next 1-5 years
- These Tesla hiring's will also create an additional 22,000 jobs in our area
- Since Tesla was announced in 2014, home values in Reno-Sparks have already increased over 10%
What does this mean for Reno-Sparks residents and homeowners? First off, I would say that if you are a renter, or if one of your family or friends is a renter, it is time to step into the American Dream of "Home Ownership"! Simply stated, projections are such that if many locals don't purchase in the next year, they will be priced out in our area.
The coming year will also continue to present a tremendous opportunity to invest in rental property. For many, investment homes are a great way to diversify investments and capitalize on this season of growth. If you are considering investing in real estate, I would recommend The Millionaire Real Estate Investor by Gary Keller. It is an easy read and presents a solid case for including real property in your investment portfolio.
The Montgomery Home Selling Team is ready to help you buy and sell, and we are highly skilled to help you navigate the market. If you have friends and family that need help in buying or selling, please have them contact us, we will take excellent care of your referrals. Also, we would like to share our knowledge of special programs in Nevada that offer down payment assistance, and lending programs for Nevada residents. Now is the time to make a move!Posted by Heath Montgomery on