Posted by tstevens | Posted in Colorado Springs News | Posted on 10-10-2009
Tags: Property Investment in Colorado Springs, rental property investment colorado springs
With the pentagon’s press release on June 2, 2009 that the population at Fort Carson is projected to grow by 9,804, it is a great time to consider investing in rental property in Colorado Springs and surrounding areas.
Over the past summer, troops have started to arrive at Fort Carson as they are relocated from Ft. Hood, Texas. Not surprisingly, the rental vacancy rates dropped dramatically across all quadrants of Colorado Springs during the second quarter of 2009 according to the State of Colorado Division of Housings’ Apartment Vacancy and Rent Study. Most dramatic was the Security/Widefield/Fountain area which saw a 12.6% decrease in apartment vacancies between the first and second quarters of 2009.
The number of available rental units in town will likely continue to decrease throughout the year as more soldiers are stationed at Fort Carson. As a result, a large demand for quality apartments will exist in Colorado Springs. Couple this with the recently unprecedented low home prices in Colorado Springs, and it is very clear that this is a great time to invest in rental properties.
If you are interested in building your property portfolio or beginning to amass wealth by purchasing rental properties, Theresa Stevens, Colorado Springs Realtor, is ready to help you start looking for lucrative properties today.