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  • US Single-Family Landlords Are Raising Rent, now’s Your Time to Buy
US Single-Family Landlords Are Raising Rent, now’s Your Time to Buy
  • Apr 24, 2015
  • New Home Ambassador
  • time to buy a new homoe new home sales new homoe construction new home ambassador

According to recent reports, some of the largest, corporate landlords in the country are planning to raise their rents an average of 4% this year.  Corporate landlords are seeking to profit from increased demand for rental homes after building a new real estate asset class on the rubble of the housing crash, as they built up their portfolios with low-priced properties.  But as the market has improved, and home prices increased, these investors are now ready to focus on optimizing revenues.  New and refurbished apartments are now renting for even more than a single family home, and landlords recognize this.

 

If you’re currently renting, have you considered speaking with a mortgage professional to see what your options might be for purchasing a home now?  Some people are pleasantly surprised to discover that with easing lending requirements, they actually are capable of getting into a home of their own!  And the benefits of home ownership far outweigh those of renting.  Plus, with attractive builder incentives, low interest rates, exceptional energy efficiencies, and floor plans to meet every need, building a new home now could quite be your next best step!

 

Calculate what you’ve spent over the past year on rent. Do you realize that this is possibly how much money you could even be writing off as a tax deduction? Those apartment walls that are currently stark white could possibly be covered in your favorite color, creating an inviting, homey space.  And how about a 3 car garage for all your toys?  Yes, these are just a couple examples of the freedoms you have as a home owner!  If rents are going up, perhaps now is the best time for you to consider buying!

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