New to Real Estate · Irvine, CA · Member since 2018 · 6 posts · 0 votes
Hi everyone,
I'm a first time home buyer about to make my first purchase for a SFH in Visalia. Want some input on neighborhoods. I'm looking into Silver Oaks and Shannon Ranch. Are those safe neighborhoods/Class A? What is the average rent there for a 1500 sqft home? How is appreciation looking like? Any insight is much appreciated. I'm from Orange County.
If I was given a choice, I would lean toward the Oak Grove Neighborhood, but Green Acres is very nice too. Most of the homes in the Oak Grove area are slightly more established, but the Shannon Ranch homes are top of the line, as well. For a 1,500 sq foot, 3/2, I would think you could get at least 1,900oo. The appreciation question is a little tougher. With fuel prices, interest increases, and all around uncertainty everywhere, there's no question things are certainly slowing down. On the other hand, if priced right, homes are getting offers. For real time information, I would consider calling Mill Creek Property Management or Realty Stars and Investors Property Management. I'm sure they would give you an idea of properties they currently have available and what they would suggest market rent would be for your specific prospect.