ReCasa Financial Blog

As land gets more valuable, communities that rest within a reasonable drive of major metropolitan cities are becoming more attractive to families. Marysville, Ohio is one example of this.  Located 45 minutes from Columbus, it is a small town, but due to its proximity to a big city, has all of the amenities that a family seeks when deciding where to anchor. 

In the past year, a young child in the community was diagnosed with cancer. Another child was recently diagnosed with a rare condition that requires significant intervention. The “small town” feel was evident. Between fundraisers to help the families affected, or neighbors lending a helping hand, the impact that community members have made has been felt and has brought people closer together.

Communities throughout the country similar to Marysville are faced with a dilemma as their population rises and they face a stress on their existing infrastructure. The goal is to stay in touch with its history of being a close knit, prideful community, while continuing to grow and develop as the years roll by. There are different ways for communities to address this. Do they build large apartment or condo complexes? Do they invest in green spaces and parks and new subdivisions where land allows? Or, do they entice people to renovate and improve existing housing stock to provide more desirable options for those looking to settle?

No matter what strategy these “outer ring” communities embrace, a freshly renovated property that is attractive to buyers or renters puts an investor in a favorable spot. As land development becomes difficult in metropolitan areas and people’s home searches expand further out, real estate investors have an opportunity to help improve communities that otherwise wouldn’t have registered to them in the past.



Are you seeing any of the same things in your region?