Posts Tagged ‘Investment’

Top 4 Reasons Rental Housing is On the Rise

Whether you are investigating Burlington rental housing activity because you’re looking for an investment or just a place to rent yourself, it’s important to become informed about the state of play in rental housing as a whole. It’s a picture that has been changing rapidly—one that’s unlikely to slow anytime soon.

Much is being written about the growing popularity of rental housing due to younger buyers who either can’t yet afford (or simply choose to avoid) taking on the commitment that homeownership entails. But that’s not the only factor contributing to what amounts to a nationwide shift in rental housing’s popularity.

This summer’s in-depth study by the Urban Institute presented four points explaining why “renting homes is overtaking the housing market.”

Overtaking” may be an overstatement as it relates to today’s rental housing profile in Burlington, but there can be little doubt that the points are on target for the U.S. as a whole. It’s also inevitable that we can count on similar factors affecting Burlington’s rental housing future.

In brief, here are their findings:

  • Renter profiles are changing. Millennials are not buying their own homes as early as previous generations, and many in the 65+ set are choosing to rent. As expected, new immigrants continue to choose to rent.
  • Supply trails demand. High-end developments continue to monopolize new construction activity, neglecting the larger “more-affordable” sector.
  • Renovations are lagging. Under-repaired rentals have resulted from inattention by investors…but some great ideas are making rehabilitation more cost-effective.
  • Single-family rentals are becoming more popular. Multifamily projects have long been the focus of government programs, but that’s changing as single-family rentals leap in popularity.

It’s a cinch that both Burlington tenants and landlords will continue to be affected by the kind of national currents that continue to put pressure on housing costs—and rents. Against that background, the potential for Burlington rental housing candidates should be well worth a hard look where investment goals make it appropriate. I’m here to put my deep market knowledge and experience at your service!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

Laer Realty PartnersJoan Parcewski Full Picture 102017

 

Accelerate Your Personal Wealth with Real Estate

 

There is a big difference between homeowners and renters, and the difference can

mean tens of thousands of dollars over a lifetime.

According to the Joint Center for Housing Studies of Harvard University report entitled,

“America’s Rental Housing,” the differences might be even greater than you realize.

Take a look at these statistics:

The median income across all age groups for renters is about half of that of

homeowners.

87% of households in the top income quartile are homeowners.

During the recessions in both the 1990’s and in the late 2000’s, median income

for renters was affected at a rate of 3 times more than those of homeowners.

Near the peak of the housing bubble in 2007, the median wealth of homeowners

was 46 times that of renters.

Even if homeowner wealth fell back to 1995 levels, median income would still be

27.5 times greater than that of renters.

Put all of these numbers together and they paint a clear picture: Homeowners build

more personal wealth over their lifetimes and are better equipped to deal with the highs

and lows of the national economy. Now, imagine how much these numbers multiply for

people who own multiple properties and can benefit from the cash flow an investment

property brings.

For those who are willing to invest in real estate, there is incredible opportunity to not

only create personal wealth, but to accelerate it by taking advantage of the unique

nature of real estate investment. With most investments, you simply hope that what you

invest in grows in value over time. Real Estate investment does work that way, but the

big difference is the benefit that those other investments don’t offer: cash flow. That is

because, with real estate, you can make the properties you own provide monthly

income that grows your wealth in a much faster way.

There are incredible opportunities in our local market for all kinds of investors. Whether

you are a seasoned veteran with a portfolio of properties or a First-Time investor

interested in attaining your first investment property, I have identified specific properties

that can help you accomplish your goals.

Contact me today, and

unlock a world of real estate wealth!

Joan Parcewski, Realtor & Notary               Joan@Woodsre.com      www.JoanParcewski.com      978-376-3978

CIAS, CDPE, LMC, SFR, GREEN, SRES, CBR, E-PRO

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