Albuquerque that is New Mexico’s largest city also happens to be the sixth fastest growing American city. In recent times, there has been an inflow of new residents in Albuquerque. This augurs well for real estate Albuquerque as more and more people are on the lookout for homes to stay or rent out.
If you are new to Albuquerque and haven’t yet started looking for houses for sale in Albuquerque then you ought to know that geographically houses for sale in Albuquerque is divided into four quadrants namely northeast, northwest, southeast and southwest.
The BSNF tracks separate the east from the west and the central avenue separates the north from the south. If you are planning to invest in Albuquerque real estate with the objective to rent it out then it is indeed a lucrative idea. Generally, a single bedroom apartment will bring you a maximum rent of $500 and a double bedroom apartment up to $750 per month. Similarly a three bedroom apartment will give you a maximum rent of $1600 and a four bedroom apartment up to $2000.
However the type of the apartment you own, its location and the facilities that you offer will determine the amount of rent that you will get. You will get good rates if you are able to provide services like laundry services, 24-hr security services and facilities like tennis courts, swimming pools etc. Actually prospective tenants looking for rented accommodation do their homework by surfing the net to get detailed information about rented accommodation in Albuquerque. If your house is situated in a proper location and have all the essential facilities then you can surely expect unbelievable rates provided there are no hidden costs involved.
Similarly, if you are buying Albuquerque homes for sale for rental purpose then also you can expect good rental value. A two bedroom independent home will fetch you a maximum of $1750 per month. And a three bedroom home with attached bath (single or double) will fetch you up to $2000 and a four bedroom home up to $2500. In this case too the design and location of your home will determine the rent. So before buying a property, check out a lot of homes so that you get the best bargain possible.
It is better to surf the internet to gather as much information as possible. Thereafter, you can consult with real estate agents to get a fair idea about prevalent rates.
By John Hester