The end of school year is a time when many families make plans to move. Not wanting to take their children out of a school or a classroom during the school year, the end of spring and the beginning of summer is a more convenient time to go through the process of moving. Whether you are looking for property for rent or a house to purchase, the spring and summer months are a popular time to begin your search.
Parents with school age children often like to find a new home or a new apartment during the early summer so their children have a chance to meet some of the neighborhood friends before starting school again in the fall. Finding a property for rent or to purchase in the summer also has other advantages.
Moves in and out of residential properties in the summer can help people make sure that the weather cooperates. And while it may be hot for a move in the summer, there is often less of a chance of the spring rains and winter snows.
Finding a Property Management Company Can Help You Narrow Your Search
In addition to renters looking for properties where they want to live, there is a whole other side of the equation as well. In fact, a growing number of investors look at residential property offerings to help them decide what might be a good purchase for their portfolio. In fact, home rental property management is an increasingly popular investment in many parts of the country.
If you are an investor who has recently made the decision about what properties to purchase, the next step may be finding someone to manage your rental homes or apartment units. If you are not able to manage the property yourself, the decision of who will take care of the maintenance, upkeep, and dealing with renters is very important.
As many as 27% of Americans believe that real estate is an excellent investment. And whether you are investing in a home for yourself or you are looking at a property that you will rent to others, it is important to make sure that you carefully research these decisions. Consider some of these facts and figures about the property investment industry and the impact that it has on the nation’s economy:
- 63% of non-homeowners indicated that they felt 2017 was a good year to purchase a home.
- 63.7% was the approximate U.S. homeownership rate in the year 2016.
- Single-family housing starts were expected to increase by an estimated 11% in the year 2017, according to Kiplinger’s.
- 3% of Americans consider themselves to be real estate investors and indicate that they plan on purchasing property within the next 12 months.
- 10 million is the number of real estate investors who own more than one property.
- Investor-owned properties are part of a $100 billion single family rental industry.
Spring has finally sprung in most parts of the country and this means the beginning of the moving season for many families. For investors, this is also a time when they are considering adding to their property management portfolios. From property for rent to property for purchase, there are a number of available options.