Salt Lake Single Family Homes As Investment
Ever thought of buying Salt Lake single family homes as an investment?
The Daily Dose had some articles last week that maybe you should read if you are wondering what to do now that the foreclosure market has dried up.
Here are articles that shed light on what could become a new investment alternative.
Brian Honea opines that location is one of the reasons it could be a good idea. Here is what he said
The location of most SFRs is another reason why policymakers should consider SFR as a viable affordable housing strategy, according to the report. Many SFR units are close to downtown, on bus lines or other transit routes, established suburbs, or overall more apt to be located in central cities than single-family owner-occupied homes (34 percent compared to 23 percent, according to American Housing Survey data).
Xhevrije West, an editor based in Dallas Texas talks about investors buying new construction homes to replace opportunity once afforded by the dwindling foreclosure market. Mr. West suggests that,
“That fruit—cheap foreclosures—offered investors a relatively low-risk play, because they could buy homes at well below the cost of replacement, and not only would they see rental revenue but also property price appreciation,” NBC News reporter Diana Olick noted. “As this new interest develops, however, builders are starting to offer institutional buyers bulk discounts. Not only does it help builders grow revenue, but it gets them closer to normal levels of production, which has been a real struggle thus far.”
Other incites from a variety of professionals indicate that if you are into Real Estate as an investment, you may want to pay attention to the following articles.
The past decade has seen costs for homeowners decline, yet costs for renters have increased. What factors make single-family rental a viable option for affordable housing going forward?
During the housing crash, big investors stocked up on thousands of foreclosed properties for single-family rentals with intentions of selling them when home prices recovered. But they didn’t.'
'As we gather data each quarter, we are finding the old perception that renting is something people do until they buy is not always true.'
Now, after reading this, you are interested in Salt Lake single family homes as an investment, we should talk.
Give me a call; Gordon Sloan 801-567-0946. I can help.