Wednesday, January 3, 2018

Real Estate Property Trends to Keep an Eye on This Year

If you’re new to the world of real estate then you might be slowly working your way into
the limelight. You might start with simple fixer-uppers and typical rentals, but sooner or
later you’re going to need to scale-up your operations if you’re aspiring to become a
millionaire. It’s not always easy to find the right property trends to invest in, but the
New Year always brings with it promising ventures that you should at least consider.


We’ll be going through four different property trends that are definitely worth taking a look
at. Of course, it’s still up to you to decide if these are worth your money, but many
property developers are confident that these four trends will continue to grow and be a
worthwhile investment.




Tiny Homes


Compact living will always be something that is on the minds of frugal homeowners. More
and more tiny homes are being developed because they take up less space, they’re
cheaper to develop and they’re popular among young professionals, singles and couples
that don’t have plans to start a family yet. They’re popular due to how convenient they are
and most of the time, they’re rented out because they’re not considered long-term
investments for homeowners. If you want to make the most out of your money and get
something fantastic to put on your investment portfolio, then look no further than tiny
homes.


Short-Term Rentals


Thanks to the success of short-term rental services like Airbnb, more and more people
are jumping on the bandwagon by offering hotel-like experiences in their property. It’s
far more personalized which means that it attracts all sorts of guests and it allows
people to pinpoint exactly what they want from a rental. Be it a holiday home or
something temporary, short-term rentals are here to stay and it will stay as a
property trend that can continue to grow.


Community Spaces


Community-driven residential areas are likely to grow in popularity. This is due to the
expansion of the multifamily industry which offers compelling prices to potential
homeowners who want to be surrounded by a positive community. Co-living and
community spaces offer a unique type of residential property that delivers a different
type of experience to living in a detached home or an apartment. It gives people more security and being
closer to their neighbours means they’re more likely to invest in the long-term when
purchasing these types of property.


Mixed-Use

As cities become more crowded and development space grows upwards into skyscrapers,
real estate developers need to find more ways to make use of the space they’re given and
mixed-use properties are going to grow in popularity as a result. Whether it’s mixed residential
and commercial or mixed office spaces, mixed-use properties are going to surge in popularity
especially in denser cities where property prices are at a premium.

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.