Statistical trends can be viewed as opportunities in real estate. Those in the article linked below indicate that there is already a drop in planned multi-family construction. There are several ways those findings can be interpreted, but one of them is seeing opportunities.
Having less construction of new multi-family properties does not mean that fewer people will be looking to rent. As home prices continue to rise in many areas, the number of renters might actually increase.
What these statistics could mean is that those with rental properties currently will have more opportunities to keep their units rented in areas, such as north Texas, which see the decline in new construction.
Meanwhile, another aspect to this is to consider that while there may be less construction, it doesn't mean there will not be "new" rental units entering local markets. Keep in mind the number of conversions of office buildings and retail space toward residential units. These could be replacing the need for new multi-family construction.
Doing the research as to where new rentals are (or aren't) coming from is the best way to uncover opportunities in locations you know and work, whether for an investor, developer, broker, or contractor.
Some will say that knowing how you could increase your rental income a couple of years down the road doesn't pay the bills next month. However, those who stay ahead of the game are the ones that benefit from long-term planning.
https://rejournals.com/new-multifamily-construction-falling-across-united-states-with-texas-cities-seeing-especially-big-dips
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