Edgewood, Maryland
At Entrusted Property Management our goal is to educate you about your choices when choosing a tenant placement or management agreement for your home, office, retail or commercial property.
When you’re considering hiring a property management company look for one with an in-house maintenance department. This one factor can bring your overall average of individual repairs down considerably versus having to hire out to vendors. Our vendors are the best, but an in-house staff will prioritize your needs accordingly. Here are several additional factors to consider when choosing an area to invest in.
Edgewood, Maryland, stands as a promising destination for real estate investors seeking a blend of opportunity and community. From a landlord's point of view, there are several compelling reasons to consider investing in this evolving area. However, like any investment, it's crucial to be aware of challenges that may influence the market.
Reasons to Invest:
Proximity to Baltimore:
Edgewood's close proximity to Baltimore, a major economic and cultural hub, makes it an attractive location for residents who work in the city. This translates to a steady demand for rental properties, providing landlords with a consistent pool of potential tenants.
Affordable Housing Options:
Edgewood offers a range of housing options at various price points, making it accessible to a diverse demographic. Affordable housing can attract tenants seeking a balance between budget-friendly living and proximity to the city life.
Transportation Infrastructure:
The area benefits from a well-developed transportation infrastructure, including major highways, public transit and park-n-ride options. Easy access to transportation is a key factor for tenants, enhancing the appeal of Edgewood for both residents and investors.
Amenities and Recreation:
Edgewood boasts parks, recreational facilities, and community spaces, contributing to a desirable living environment. Such amenities can make rental properties in the area more attractive to tenants seeking a well-rounded lifestyle.
Military Presence:
With the presence of Aberdeen Proving Ground nearby, Edgewood experiences demand from military personnel and defense contractors. This consistent influx of professionals can create a stable market for rental properties.
Potential for Appreciation:
As Edgewood continues to develop and attract new residents, there is potential for property appreciation. Investing in the area early on may yield long-term returns as the community grows.
Conclusion: Edgewood, Maryland, gets a “D” rating from crimegrade.org however, we believe this grade is not a perfect representation of the family-oriented community feeling you get when you visit. Based on it’s proximity to APG and the negative grade that the military area gets, we would like to upgrade Edgewood to a C+. Edgewood presents a compelling investment opportunity for landlords seeking a diverse and growing market. The area's proximity to major cities, affordability, and potential for appreciation make it an attractive choice. Always do thorough research of the local market dynamics before investing. These are keys to success in Edgewood property ownership.