3 Trends in Multifamily Real Estate

As the demand for multifamily housing, particularly rental properties, grows, trends are changing. How developers and architects are working to attract potential tenants is changing. If you’re looking to get into multifamily real estate, like Steven Taylor Landlord, paying attention to these changes is important. Here are some of the top trends in multifamily real … Continue reading “3 Trends in Multifamily Real Estate”

As the demand for multifamily housing, particularly rental properties, grows, trends are changing. How developers and architects are working to attract potential tenants is changing. If you’re looking to get into multifamily real estate, like Steven Taylor Landlord, paying attention to these changes is important. Here are some of the top trends in multifamily real estate.

Shifting Demographics

The demographics of renters are shifting. Many renters are millennials, who aren’t buying houses as early as previous generations did. As a result, they’re likely to rent for longer periods. At the same time, baby boomers are starting to move into apartments as they’re looking to downsize. With their children grown and living on their own, they’re finding they don’t need the space a traditional home provides.

Renters Want Tech

Technology is everywhere and is making lives simpler. Homeowners are turning to automation, giving them greater control over various aspects of their houses. Renters want the same thing. Some popular smart features that potential tenants are looking for include locks, thermostats, and lighting. Features that boost the building’s sustainability can also attract green-conscious individuals.

Amenities are Everything

Renters want amenities in their apartment complexes. One of the most popular is a fitness center. A fitness center that offers classes and saunas is even more attractive. Rooftop terraces are becoming a must, as are co-working spaces. Pools are still very popular amenities. For those with children, child-friendly amenities are a big draw. These include such features as an on-site playground and childcare.

Many individuals looking for an apartment have at least one pet. As more pet-friendly apartments are being created, the need for amenities that cater to four-legged companions is increasing. These include such things as a dog park and wash stations.

Paying attention to the multifamily real estate marketing trends is crucial for investors and property owners. Tenants are often willing to pay more for what they want, which can only help you if you can deliver.

Three Ways to Impact the Quality of Student Housing

                    

How students live while at college has a huge impact on the school they attend. Campuses with quality student housing options can expect to have higher interest. Here are a few ways to positively impact students with available housing.

Unit Options

Many new students may never have had to share living space before. They likely grew up with their own bedroom and bathroom. Parents may want to have their child living in similar arrangements while at college. Others may opt to have a more inclusive living style to acclimate their child to a new environment. Including multiple unit options in the educational construction design can help your housing appeal to more students. These units may have single bathrooms, suites of rooms sharing a bathroom or communal bathrooms for a floor of rooms. Units may be single or shared. Some housing options may look more like mini apartments complete with kitchens and living areas.

Transportation Availability

Getting around a new city or town is crucial for any student. If the school is in a large urban area, access to public transportation is high on the list of priorities. Many students may not have a vehicle of their own to drive to off-campus events including simply eating out with friends. Many campuses partner with the local city bus system to offer their students access to easy transportation.

Sustainable Living

The environmental movement has made huge strides in recent years. College students are often at the forefront of trying to be sustainable. They tend to recycle and seek eco-friendly products as much as necessary. Using green building design can help the facility lower its impact on the environment and reach new students interested in sustainable living. Using energy-efficient lighting and HVAC can also lower utility bills while reducing carbon emissions. Low-flow shower heads and toilets can save gallons of water and result in lower water bills.

Corten Steel Gates

Decorative, eye-catching metal gates are a good way to make a statement with your outdoor design. They provide both form and function, giving a sense of definition to the area both physically and aesthetically. One popular choice for fine, high-quality outdoor gates is corten steel, favored for its appearance and notable properties that make it well-suited for outdoor installation.

What is Corten Steel?

Also known as weathering steel or by its proper trademark name as COR-TEN steel, this material is a unique steel alloy often used in architectural projects, particularly where it would be exposed to the elements. Corten steel, which comprises two alloys of similar composition—A588 and A606-4—is rated for high atmospheric corrosion-resistance, but how this works is different from materials like stainless or galvanized steel. The alloy takes on a rust-like patina when exposed to weather conditions over a long period of time, but this doesn’t compromise its structure. In fact, this protects the steel from further corrosion.

Why Corten Steel?

Corten steel gates acquire a distinctive rustic look without requiring maintenance to keep them in one piece. Unlike normal rust, the patina does not flake away, so it protects the underlying steel. Corten steel also does not require painting to achieve this appearance, though you can clear-coat the surface after a solid patina forms if you wish. Most corten steel pieces will come unrusted so the patina can form on its own. The result is a stylish and sturdy steel gate with a naturally forming “re-purposed” aesthetic. Corten steel pieces can also safely be welded together, for those who want to make their own additions to an installation.

Instead of fearing weather conditions like rain, snow and moisture, corten steel gates are improved by them. In the right climate, corten steel offers a striking yet beautiful look perfect for outdoor spaces.

Unemployment in the Age of AI

Artificial intelligence is quickly becoming more than just a buzzword as it takes the world of business by storm. One of the main concerns regarding artificial intelligence is the displacement of millions of workers across the country. Positions requiring manual dexterity are the first positions organizations automate, and this is just the beginning.

Seeking Unemployment Assistance

As the economy gradually removes these individuals from the workforce, employees seek out companies such as Sun West Mortgage for unemployment assistance. Many people in tune with the financial industry are preparing for massive shifts in employment rates. Organizations who have a business structure designed to assist in these scenarios must keep a close eye on the economy.

Restructuring Mortgage Payments

Economic hardships take many forms, and the loss of a position in the workforce can be devastating. Even if income begins to dry up from not working, expenses from previous agreements still occur. When these types of crisis happen, families often wonder how they will cover mortgage payments. By receiving guidance from businesses like Sun West Mortgage, mortgage payments can be restructured to accommodate for these unfortunate events.

Any individual that is currently in the workforce must remain cognizant of developments in artificial intelligence. While employment for most is safe today, these odds continue to differ as time progresses.

Psst! This Article Has The Secrets About Real Estate Investing You Want To Hear

Do you want to learn more about investing in real estate? If so, you are in the right place. This article has several tips to help you begin. Once you have read it, you will have a greater understanding of the market. Use these tips to make sound choices in your investments.

Make sure that you set realistic goals based on the budget that you have. You should not set a goal to buy ten houses in the span of a month if you only have a hundred thousand dollars to your name. Set reasonable expectations to avoid setbacks at all costs.

If you want to get into real estate investing, but do not have enough money to buy a piece of property on your own, do not fret. Look at real estate investment trusts. Operating much like mutual funds, you can invest what funds you have available into a larger group pool and still make some money off of real estate mortgages.

Keep an accountant on speed dial. You can be aware of tax laws and current taxation; however, there are many variables to keep in mind. A good accountant, that understands and keeps abreast of tax laws, can be an invaluable asset. Your success with investing can be made or broken by your approach to taxes.

See if there are all of the stores and schools that you’ll need around the real estate that you’re thinking of getting for your family. You don’t want to move to an area where you’re not near anywhere that you need to go to. It would cost you a lot in traveling expenses, so keep that in mind when you move anywhere.

If you are already a homeowner or have experience as one, consider starting your real estate investment efforts with residential properties. This arena is already something you know about, and you can start good investment habits. Once you are comfortably making safe money here you can move on to the slightly different world of commercial real estate investment.

Never invest too much money in the beginning as this can cause a lot of problems down the road. Overextending yourself can lead to problems with your savings plans and prevent you from buying great properties in the near future. Develop the proper budget and follow it to a tee.

You always want to look at every different aspect of any neighborhood you’re considering purchasing a home in. A good neighborhood will keep the value. Location is always a high priority, even higher than the properties themselves.

When considering what real estate to purchase, the word “location” should come to mind. However, many people forget to think about all the concerns that are factored into “location.” Find out all the information you can about the neighborhood, such as surrounding home values, crime rates, schools, employment and more.

Know what you should be looking for in a property based on current trends in the market. For example, if you’re going to rent out the properties you buy, then it’s best to have units that are for single people, which is a current trend. Another example is to ensure any home you buy has three or more bedrooms because it will be easier for you to sell or rent to families.

Do a little research on the government of a city before you buy real estate in that area. Check out the government website. It will be possible to learn things about the city’s master plan that give insight into future property values. Growing cities are usually great investments.

Real estate is a popular way for people to invest their money. You can become one of those people by investing in the real estate market. These suggestions are a fabulous place to begin. Continue learning about the market. Before you know it, you will feel comfortable with the real estate market.