The first area that comes to mind when thinking investment property is the UNM area, which would include the Ridge Crest area and Nob Hill. This area seems to always be in demand. Being close to the University of New Mexico usually ensures that the property will be occupied with a renter all most year long. Granted, different seasons will effect the vacancy rate. Often if the property is updated and the rent is more on the higher end, it can attract graduate students who a more likely to stay year round and can appreciate a quite area for studying purposes.
If possible, a single family, detached property would be ideal. Condos and town homes tend to appeal to a smaller pool of buyers. Whereas, with a single family home, when it comes time to unload the property, a detached home will appeal to more buyers. You will have all different types of people in different stages of life looking more seriously at a single family home.
Ms. Aleixandre presented the perfect resource as far as domestic water needs are concerned. New Mexico has a massive land area and the majority of that land is nothing but a through and through dry climate.
New Mexico lies uniquely within both sides of the gulf stream and has benefitted greatly from this location when it comes to the monsoon or "wet" seasons. Usually setting the state up for a gathering of moisture in mid to late July which will last us through August with the chances of even a precipitous kick off in the Autumn months. I have even seen it have early snow in October in the mountains.
The State's dryness does contribute to a lot of the warmer climatic problems you see starting in the late spring to early summer. The weather heats up through May, can be scorching in June in the heights of fire season. A lot of the water resources in lakes, reservoirs, dams, rivers, etc. is used to help quench the thirsty hot spots that may break out, all leading us to the start of the summer and the rains to come in just in time it seems.
Magdalena, a village in Socorro County New Mexico has a small population of around 1,000 people. This month, the town ran out of water. Residents only had 24 hours of notice before the tap water was turned off.
Magdalena was under a "boil alert" because the supply of water coming into households was dangerously low. Some businesses had to shut their doors, health clinics could not properly function, and some residents had to leave the town entirely.
Then the town's sole drinking water well went dry, leaving the town without any water. This is the worst shortage I have seen within the time of living within the State. I know investigators are still asking questions as to why those wells even reached all time low levels when authorities should have known further in advance that the levels dropped that much.
I believe the cities' populace is concerned with the present conditions and continued conditions that will prevail in the State. I hope more entities will continue to get involved with the conservation of water resources in general. I still see many new developments within the city opting to put swamp coolers on the tops of brand new housing developments and it blows my mind. I know Arizona outlawed the swamp cooler back in the 1980's and I believe we should be like minded in conserving the resource, especially when it comes to cooling off the residences, homes, apartments, etc. Its money down the drain and is very taxing on the already existing conditions.
I know the State Engineers Office is involved with the public at all avenues and seeks to educate people about their water habits that make a great impact. As other locals could attest I have never seen the likes of a mandated water restriction, but I have seen the harsh penalty those who aren't mindful should be made to pay when they use passed the allotted amounts. When it comes to lawns, gardens and more recreational usage the companies strive to adhere to certain watering guidelines that will keep people's yards green, without taking too much of the green from their pockets. thank you for your question, keep em' coming!... more
Mr. Martinez. I have several liberal and dependable lenders that can give you all sorts of answers. I also so a LOT of real estate in Los Lunas and have found good homes there for many people. Conact me by phone at 822-8864 or 800-888-3581 or email me at: email@example.com. Max Sklower owner/broker of Broadcast Realty, LLC in Albquerque.... more
How much you qualify can depend on a variety of factors from income, debt to interest rate. I recommend contacting a local lender to get qualified. They can provide you with how much you qualify for, what your payment could be and what all of your options are.
One lender I work with often is Steve Sheldon with Superior Mortgage. He can be reached at 280-6444.
Syan Real Estate
Call/Text: (505) 730-8181
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Hi Lilly, we are still in a good Buyers market with extended tax credits which may apply to you. You will have plenty of homes to chose from in our current market. There are a lot of choices when it comes to homes, Realtors, and Lenders so be sure to ask questions. I would be happy to answer any questions you may have.