14 Ways The Real Estate Business Is Going To Change This Year, According To Experts
New Year’s resolution season is well underway, and those who have committed to entering the real estate game this year are searching for their first investment opportunity. Like many industries, though, real estate is subject to market trends, economic shifts, and evolving technology. Anyone thinking about investing in the property must be prepared to face changes that might impact their potential opportunities.
Do You Offer Your Residents These Services?
When considering what amenities to offer your residents, remember that top-notch assistance and thoughtful conveniences can unlock tremendous value.
2019 Multifamily Outlook
Rents are expected to rise at a rate of 2.8 percent, performing strongest in late-cycle markets such as Las Vegas, Phoenix and Orlando, which have reached the 4 percent mark for several months.
Despite Fears of Overbuilding, Lenders Remain Willing to Fund Multifamily Development
Apartment developers are paying more interest on their construction loans—but that isn’t keeping developers from planning and financing new projects.
Savvy Strategies for Security Deposits
While they often prove useful to landlords for now in terms of maintaining their properties, security deposits may be a bit of an arcane system in light of new products that are coming to market which may allow landlords to bypass them. This could prove especially useful for residents from foreign countries with decent income but no credit. However, only time will tell if these products will be embraced by landlords.
Where Do You Turn for Capital When Rates Rise?
As banks and other depositories re-assess their lending terms, investors need to cast a wider net when seeking to finance and refinance their properties.
Landlords Get Innovative to Fill Vacancies
Turnkey rental solutions are a viable alternative and supplement to traditional tenancies. Be sure to check local laws and lender requirements first, though.
New Tax Incentives for Workforce Housing
A veteran tax consultant explains how the newly created Qualified Opportunity Zones offer incentives to provide workforce housing in economically distressed areas.