Weighing Your Options
Detroit has been on an economic roller-coaster which currently has a downward trend with no end in sight—though the degree of plummet seems to have mellowed out slightly. It’s possible Detroit has a big peak ahead in a few years, but it’s hard to see how.
Right now property values have plummeted in Detroit, and so there are those who seek seclusion that may move there for the diminished prices. Should some economic stimulus through the Trump administration or some other large actor make Detroit viable as it once was, those who bought low could sell high. But this is risky business.
Since the economy has dried up in Detroit, many are moving elsewhere. And some have made enough success that they can do so discretionarily. Whatever reason prompts you to move from Detroit, you need to take a few factors into consideration.
First: will you rent, or own, in your new community? Second, will the difference in economy where you move to be sustainable based on your current income, or that which you’re moving to acquire? Third, how complicated will the move be? Fourth, are you moving into a community that will retain its sustainable economy, or another place on the verge of collapse?
Once you’ve figured out where to move, your next step is going to be choosing the right property. If you’re looking for luxury
, CarmelApartments.com has a number of fine apartment communities, like The Towers at Rincon; according to the site, this is: “…a premier location bound to make you smile. …luxury apartments in San Francisco give you easy access to a variety of shopping, dining, and entertainment options.”
For another community of apartments, click the image below to see more fine living situations that may be worth your consideration:
With an apartment of the luxury variety, you can get an idea what your monthly costs are going to be, and what the locality you’re considering is like. It may be that after spending a few months in a place, it doesn’t suit you. Fine—fill out your lease, and leave. You can do that with an apartment. Buying a home and transitioning is much more complicated.
Making Your New Home Truly Your Own
When you do finally determine which new place suits you, then it becomes time to make the property more than an asset, but a true home. You want to see to the lawn, interior decoration considerations, necessary repairs, possible remodels, and enhancements as you can find them.
According to LanternAndScroll.com, a gas post lantern
can make it so that your property has a “Brilliant first impression.” You want to have a good first impression for friends, family, and guests of varying degree. Additionally, little augmentations like this can increase property value incrementally, making the investment of your new home profitable monetarily.
The good news is, if you’re leaving Detroit, it’s very difficult to find a less amenable living situation. Today’s economy is on the upswing, and there are many opportunities all over the US. From blue collar work to technology solutions on the west coast, and entertainment further south, there are opportunities available. You might even go off-grid.
The Bigger Picture
When economies are turbulent, you want property you can trust in to designate your “home base”, as it were. If you’ve got the liquid assets and savvy, you can build your own grid-independent living situation cost-effectively. A prefabricated metal building complete with solar, wind, and water energy can be secure, valuable, and unique.
Between technology and social change, there are quite a few options available to those who are willing to see a move through to completion. Shop around, do your homework, and find the right place to transplant. If you plan right, you won’t have to go through another Detroit scenario.