Lexington is my hometown market. I live here and run my business here, so I get these questions at church, at ball fields and at closing tables.
Below are the ones that come up most, from new investors trying to break into a growing town and from owners deciding whether to sell. For the long version of how I look at the area, read real estate investing in Lexington SC. If you own a Lexington property and want to talk, start with my Lexington cash buyer page. And if you want to know more about who I am and how I work, my story is on benlovro.com.
Straight answers
Why do so many investors look at Lexington SC?
Families keep moving in. Lexington is the county seat, sits along I-20, US-1 and US-378 west of Columbia, is near the south shore of Lake Murray, and Lexington County School District One draws a lot of households. Growth brings demand, but it also brings competition from new construction.
How do I compete with new construction in Lexington?
Don’t try to out-build the builder. Look for older houses in established areas with better location or more land, and renovate them well enough that buyers don’t miss the new build. Price against comparable homes, not against brand-new ones.
Is a Lexington rental a good fit for families?
Often, yes. Many families want into the schools before they’re ready to buy. A durable, easy-to-maintain house can attract tenants who want to stay. Read rental property investing in Lexington SC for the details I look at.
Should I look at land near Lake Murray?
Land around Lexington can be worth studying, but dirt has its own risks: access, utilities, septic and flood zones among them. Learn land due diligence before you put anything under contract.
What's the biggest mistake new investors make in Lexington?
Letting growth justify a bad number. A rising town makes people optimistic and optimistic people overpay. Run the formula the same way you would in a quiet market and walk away if it doesn’t work.
Do you buy houses in Lexington SC?
Yes. Lexington is my home base. I buy from owners, licensed agents, investors who own a property and estates. I won’t promise a price before I see the house, but I’ll give you a straight answer. Send it through benlovro.com/submit-deal.
How does traffic affect investing in Lexington?
More than people expect. Traffic and new subdivisions are constant local conversation. A house on a road buyers dread at rush hour can sit longer. Drive the property at the worst hour of the day before you commit.