Buying a home has always been a tricky and complicated process, especially if you have never done it before. Home buying has only gotten harder in recent months as the world deals with the coronavirus pandemic. Getting a good look at a new house can be pretty tricky when you are not supposed to leave your home. Luckily, realtors are starting to use technology to their advantage.
Many larger corporations, as well as mid-sized companies, are choosing to extend their current working-from-home policies, in the wake of COVID-19, until at least autumn. As such, those that predict real estate trends feel that the time is right for another suburban boom. This country has not seen an actual suburban increase since the years following World War II.
Most people think of investment in real estate as a sound investment where they don’t have to worry that their home value could decrease, but it does happen in cases where a housing bubble bursts. When this happens, home values fall out of the sky.
COVID-19 has caused big changes to the economy in a very short time span. It’s likely that many small businesses won’t survive this pandemic. Some have already folded. Even larger organizations are feeling the impact of this situation.
LEED certification is one of the most talked about designations for buildings in the US. However, not many people know what it’s all about. LEED stands for Leadership in Energy and Environmental Design. This program was set up by the U.S. Green Building Council during the 1990s. Basically, LEED is a rating system designed to tell people how efficient and sustainable buildings are. It measures criteria like energy usage, air quality, type of materials used and proximity to public transit.
Amid concerns about climate change, consumers and companies alike have begun to look for ways to be more environmentally friendly.
Successful investors in any investment field know the importance of building a portfolio. Having diversified investments ensures that the failure of one particular area of the economy doesn’t wipe out everything you’ve worked so hard to build as well as building your resume and establishing your personal record of success as an investor. That becomes exponentially more important as you begin to wade into bigger investment deals that may require you to convince others to work alongside you.
Smart home technology is constantly delivering new, better, easier ways to manage different parts of single family and multi-family living.
Whether it’s managing thermostats for a home or handling access to lobbies and common areas, the Internet of Things (IoT) has no shortage of tools to make life easier. For real estate investors and managers, this means better amenities for robust portfolios.
In 2020 the housing market is likely to receive a huge boost from Millennials purchasing their first homes. This real estate boom is likely to be propelled by a decrease in interest rates and the stability of home prices. However, this growth in the number of new homeowners may be thwarted by the lack of starter homes currently available on the market.
Being successful in real estate is all about knowing the trends. Whether you’re a real estate investor, looking to sell your home, or planning on buying a home this year, coming out on the good end of the deal hinges on finding a way to be ahead of the trends.