Investor · Atlanta, GA · Member since 2022 · 12 posts · 4 votes
New to RE investing.
My gut tells me that the continued development of the Beltline, and it's ultimate paved connection to the Silver Comet, are lifting values within walking (1/2mile) of said trails. With that thesis, do the outer communities along the Silver Comet forecast to experience a bit more elevated "lift" over time as a result of the connection completion with the Beltline (Smyrna, Mableton, Powder Springs, Hiram, Dallas, etc)?
a) is it a value add over the long-haul (10-20 years)?
b) is it a value add for LTR homes within a 1/2 mile of the Silver Comet?
Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
3y
@Jeffrey Kingman, yeah, I would say increasing walkability access and ease overall promotes the area so long as the City and pedestrians keep the trails nice. Once we start seeing graffiti that'll be an eye sore for nearby homes. I'm still very bullish on those areas long-term though.
Real Estate Broker · Austell, GA · Member since 2013 · 72 posts · 24 votes
3y
I'm personally banking on trail access being a catalyst for economic development in the Austell and Powder Springs area. There's a proposed plan to build a multi-use trail connecting downtown Austell to downtown Powder Springs and ultimately the Silver Comet Trail. I'm a part of the private stakeholder committee for the trail and have pushed for its development since 2016.
In the meantime I've purchased currently cash flowing properties along this proposed infrastructure project route understanding the huge increase in value and rent that comes from being near these types of projects. However, I believe many investors don't think that far out when purchasing real estate, nor do they get involved in the advocacy side of the house to see it through.
So yes, there are value add options based on closeness to these amenities, but there's typically more to it than simply purchase and forget it. Lots of projects never come to fruition, so it's up to the investor to be invested in the area for the long haul to see your real estate investments potential payoff.