Baltimore is currently witnessing a small-scale renaissance as young college graduates seek homes in the formerly decrepit downtown city centers. Here’s how to capitalize on the market evolution.

The most significant evolution will be the upswing in property values. You can expect the prices to rise and continue rising. If you own property in one of the trending city centers and are looking to sell, consider postponing any sale until your property value peaks, to monetize on the transaction.

Joining the upward trend are property taxes as well. Along with prospective buyers, the government has a shared interested in well-trafficked, wealthy regions, and will be pouring in resources and tax dollars as an investment. When tax season comes, be certain to utilize any available tax breaks to even out the cost.

Value add properties have a strong benefit in this environment, with the ability to attract hip young renters with upscale amenities, even with luxury pricing. To protect your reputation as a fair landlord, wait for the contract renewal before raising the price. When determining the new rental agreement, factor in the additional costs of higher taxes and potential remodeling.