When you are investing in property to use as rentals, it is important to know which types of property are hot on the market, right? It would be bad investing otherwise. You have to take the current economic climate into consideration, as well. Most well-seasoned investors know that they will do well with single-family home rentals. But, it is always best to take all outside factors and the current local market into consideration before signing that contract.
Think about it – what if you invested all your money into one type of property only to find out their vacancy rates are so high and nobody wants them anymore? Don’t leave yourself in this situation. Instead, do your research and know what is considered a wise investment - and what is not. As for single-family homes? They are still a hot market for investors despite everything going on in the world around us.
Some renters love the convenience of apartment living, which are often found to be conveniently located near necessities like grocery stores and transportation. Not to mention that they typically come with additional community amenities – and no landscaping to care for! But, then there are those renters who prefer a more private living situation.
Single-family homes offer more privacy, are often found in the suburbs – outside of the busy downtown areas, and they provide an easier way of managing life with kids and pets. The extra space is convenient. A smaller home can allow baby boomers to downsize and perhaps move closer to their grandchildren. Millennials seem to be holding strong as renters, too. Though, they are graduating from apartment living and seeking single-family homes.
It is safe to say that these properties are at the top of the market for investors – and don’t seem to be going anywhere soon. Millions of homes are being built – meaning there will be even more for investing in the future. Therefore, now is the time to take advantage and build up your investment portfolio.
Of course, if you ever decide that investing is more beneficial than playing the role of landlord, consider passing your portfolio over to an experienced Atlanta property management team.
