Scott Adlhoch

Scott Adlhoch

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About

Best Places for Real Estate in Michigan

Michigan for some years has been focusing on trying to regain its earlier reputation as a

sociocultural hub and an economic heavyweight in the USA. In fact, in this metropolitan area,

Detroit used to hold the title of being the automotive manufacturing capital of the world.

While the industries have changed, the economic base of Michigan, mainly consisting of

agricultural production, manufacturing, and tourism, has continued to propel the continued

prosperity of this state as it makes its economic comeback.

A Case for Investing In Real Estate in Michigan

Despite its challenges, Michigan has still been able to find itself in the middle of the pack when

it comes to the ranking of the best states. In terms of affordability, this state is ranked 4th out

of 50 states and in terms of housing affordability and metrics for the cost of living it is ranked

5th and 8th best respectively.

When it comes to the quality of life, this state is ranked 29th overall, indicating assessments

that are acceptable for the natural and social environment.

For the economic outlook, Michigan is ranked 22nd overall with the employment, business

environment, and growth positively rated. Consequently, we take a look at the best places for

real estate investment in Michigan.

Detroit

As discussions continue whether or not any person should invest in real estate in Detroit, Scott

Adlhoch, a real estate agent, gives reasons why this city is one of the best investment places.

First, according to Scott Adlhoch, this famous city has an unemployment rate standing at 4.2%.

Moreover, the steady decline of the area as an economic hub has been arrested with more

industries being established in the city and old industries returning to operation. “The result is

that people have jobs and families can afford to purchase a home”, Scott Adlhoch said.

The number of people buying homes has continued to rise over successive years and the

demand for property has increased. The other reasons supporting the real estate investment

viability of this Motor City include:

• An investor is able to qualify for the New Markets Tax Credit which is meant for attracting

small businesses to this famous city. With this program, tax credits of as far as 39% of the

invested capital are given if you invest in areas that are depressed socioeconomically.

• Top 10 overall job growth in construction.

Grand Rapids

This is Michigan’s second-largest city and it is often listed among the up and coming investment

areas to watch. Grand Rapids is nicknamed “Furniture City” for the reason that it is home to

numerous furniture manufacturers. “There are many sectors thriving in Grand Rapids such as

education, healthcare, grocery, tech, and automotive”, Scott Adlhoch said. According to Scott

Adlhoch, with all these different sectors flourishing and companies like Spectrum Health

employing thousands of Grand Rapids locals, this is an area preferred by many for living and

working.

There are even more efforts to attracting more employers. “The security of Grand Rapids has

also improved dramatically because compared with the rest of the USA since there was a time

this area had a crime rate that was higher than the country’s average”, Scott Adlhoch said.

Apart from the drastic improvement in security, Scott Adlhoch also agreed with the fact that

this area also has plenty of gardens and parks, family-friendly amenities, and numerous local

breweries. As well, this area offers sweeping water views since it is situated next to the Grand

River. All of these factors have continued to make Grand Rapids attract homebuyers.

Since 2015, there has been an increase in housing demand in this area.

Ann Arbor

Ann Arbor also popularly referred to as “Tree Town”, is an affluent part of the state of

Michigan. Most, if not all, of the Ann Arbor neighborhoods, have continued to experience

steadily increasing median home sales prices. That means, whether you choose to invest in a

more affordable community like Georgetown or a fairly expensive one like Angell, you are still

able to make profits when you sell and that is provided you have been able to correctly

calculate your numbers.

Another attraction of this area includes a crime rate that is significantly lower compared with

the rest of the country. “Finding a real estate deal worthy of your investment is possible almost

everywhere in communities such as Warren in Macomb County.

In conclusion, according to Scott Adlhoch, while reality TV shows for real estate are

entertaining, their disadvantage is that they are not focused on showing you just how it is

critical to find distressed property sellers, which is important for a real estate investment

business to be successful. However, for a real estate agent like him, the job is a lot easier

because he has access to the most important marketing tools and resources of the real estate

industry for reaching distressed Michigan homeowners and motivating them to call him.


Highlights

25 employees
17 years in business
Serves Allenton , MI

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    SJ

    sidra j.

    wonderful work experience from start to end, good job scott adlhoch. will recommend for all
    thanks!
    ... Show more
    December 24, 2019

    Frequently asked questions

    There are even more efforts to attracting more employers. “The security of Grand Rapids has

    also improved dramatically because compared with the rest of the USA since there was a time

    this area had a crime rate that was higher than the country’s average”, Scott Adlhoch said.


    Services offered

    Real Estate Agent