In the world of real estate, there are always new trends to look out for. As an investor, you will want to keep your finger on the pulse of the latest investment trends for real estate investors. In our latest post, we will discuss some new and innovative things people are doing in the real estate world!
With a younger generation entering the real estate world, there are some new things to watch out for! Young investors are bringing new strategies and methods, adapting quickly to new trends as they arise. It is important to learn about what investors are doing, even if it is a slightly different niche than what you are used to!
While these were once only found in larger cities, these kinds of developments are popping up all over the country. Mixed-use is nothing new, but more and more people are looking to work, shop and live all in the same area.
Properties that offer something unexpected can be a big hit with buyers and renters. Think about turning a closet into a wine cellar, or maybe adding an oversized jacuzzi tub in the master bathroom. These things can be done relatively cheaply and will make the buyer or tenant feel extremely luxurious.
Short Term Rentals
Short term rentals are becoming more popular by the day. The popularity of the nomadic lifestyle is very popular with younger renters. People are finding more and more ways to work remotely, allowing them to hop from place to place. Freelancers are working all over the world, some never staying in one place for long.
With sites such as Air BnB, vacations rentals are more popular than ever before. People are buying up properties and renting them out to people passing through. In many cases, you are able to see the profits in one week that you would in a month with a typical house rental.
While trendy, small houses are also incredibly functional. Having smaller homes allows for increased density in overpopulated areas. Small houses appeal to many people who don’t want to feel cluttered by a ton of stuff. They are geared to people looking for a simplistic living situation. Less space means less to clean!
People love smart TV’s and now people are falling in love with smart homes. A central automation system that can control lighting, heating, cooling and many other electronics can be set up and installed in almost any home. New construction properties can take the trend one step further by adding things like heated floors and retractable skylights. Smart technology is popping up everywhere these days. You can even install a smart shower and toilet! Smart homes are even being built with Amazon’s Alexa built right in!
Millenial buyers are entering the home buying race with authority. Whereas many were once city-dwellers, more and more are looking for homes in the suburbs, away from the traffic and bright lights. They aren’t exactly like their parents in that they are still looking for community-driven areas, good restaurants and places to shop that might be a little bit off the beaten path.
Watch out for “Boomerang Buyers” who are once again in the market to buy. Boomerang buyers are people who lost their homes 7 years ago due to foreclosure. They are now able, ready and eager to buy new and permanent real estate. Many of these people fell into bad lending practices, but are now ready to buy with ease.