Buying Investment & Commercial Properties

Thinking About Buying an Investment Property in the New River Valley? Here’s What to Know First.

Whether it’s the steady stream of students from Virginia Tech and Radford University, the natural beauty of the Blue Ridge Mountains, or the growing local economy, the New River Valley is packed with potential for real estate investors. But before you jump in, it’s important to know what to look for—and what to avoid.

From choosing the right neighborhood to understanding local rental trends, making a smart investment starts with asking the right questions, and having an agent who knows what to look for too.

What to Look For: 

✅ Strong Rental Demand

With local colleges, hospitals, and tech companies in the region, there's consistent demand for both student and professional housing—especially in Blacksburg, Christiansburg, and Radford. 

✅ Neighborhood & Location

Proximity to campus, downtown areas, or major employers can be a big plus. Look for walkability, public transit access, and signs of community growth or revitalization.

✅ Condition of the Property

Older homes can be charming but may come with higher maintenance costs. Be sure to get a solid home inspection and consider the costs & labor required for long-term upkeep.

✅ Zoning & Local Regulations

Some towns in the NRV have specific rules about renting to students, managing short-term rentals, and even occupancy limits! Check with the local municipality or work with a realtor (like me!) who knows the ins and outs.

✅ Potential for Appreciation

Parts of our market have seen steady growth in recent years. Keep an eye on regional development projects, infrastructure improvements, and business expansions.

✅ HOA Considerations

HOA fees and any restrictions on rentals can be big factors in your decision making. Some associations may limit the number of units that can be leased at a time.

✅ Financing That Fits

Investment property loans differ from regular mortgages. Knowing which local lenders and banks to contact for income producing properties, second homes you’re using for short-term rentals, or hard money lenders who you can use for flips & rehabs is paramount to your success!

Want help finding the right property in the New River Valley? Let’s chat about what you're looking for—I’d love to help you find a place that fits your investment goals.

Ready to Start Your Investment Journey? 

Whether you’re looking for a student rental in Blacksburg, a fixer-upper in Radford, a duplex in Christiansburg, or a vacation property near the mountains or by Claytor Lake, I’m here to help you navigate the New River Valley market with confidence - even if you know you want to invest, but aren’t sure exactly how you want to do it!