Interested in real estate investment properties in Coeur d’Alene, ID? While there are really no bad investment properties within the city limits, you want to make sure you get the biggest bang for your buck, and doing so will depend on what type of investment property you’re interested in.
Commercial and Long-Term Residential
When looking into purchasing or investing in commercial and/or residential real estate, there are many options available in Kootenai County, but there are a few primary locations worth investing in right now. As more and more people relocate to Kootenai County from places like Southern California and the Northern Midwest, Coeur d’Alene has been growing steadily outward over the last several years, developing the outlying countryside for both commercial and residential real estate properties. The same trend can be seen in CdA’s neighboring towns of Post Falls and Sandpoint, both highly desirable areas to live and invest in real estate. As these three towns naturally grow closer together, the value of the property between them will continue to grow. And most of it is still cheaper than trying to snag a piece of real estate in any of the downtown or overdeveloped areas. While these developed areas are a surefire investment, they will cost a pretty penny up front, and you may see higher returns on a real estate investment in newly developing areas.
Vacation and Short-Term Rental
The city of Coeur d’Alene has a relatively short summer season, but those precious few months are what make it worth sticking it out during the winter. Coeur d’Alene thrives on it’s tourist season, and because it’s so short, it is positively bursting with activities and events. Many vacations and short-term rental properties get booked long in advance, sometimes several years out, depending on the location and aesthetics of the property. But the pristine summer scene is not the only reason people snatch up short-term rentals in Coeur d’Alene. The winters, while cold, are considered to be fairly mild compared to other popular lake towns, and with so many excellent winter sports resorts close by, it is the perfect low-key place to set up shop for a winter vacation near the mountains and is rapidly growing in popularity alongside winter resort towns like Vail, CO and Park City, UT. And of course, there’s always the beautiful changing of the seasons to witness in the spring and fall, what with Coeur d’Alene being so full of various trees and foliage all the way to the downtown strip.
Plan a long-term stay in Coeur d’Alene during the off-season and see for yourself why it’s such a great place to invest in! Tour the neighboring cities, get to know Spokane, drive around the lake to see all the possible areas there are to explore, and you won’t look anywhere else for your next big real estate investment.