Thinking about becoming an investor? That’s probably not such a bad idea, according to some of the most recent real estate data. The most recent month reported, August, shows rental prices continue to outpace home prices. Home values climbed 3.3% year-over-year in the month of August, while rental prices jumped 3.8%.
While 0.5% may not sound like a big difference, consider that this is one of the bigger gaps in recent history. Additionally, more and more markets (including locally) are reporting that renters are getting squeezed out of their current home. A popular alternative to the traditional apartment complex is tiny living — and investors are recognizing this! Creative landlords are scooping up properties that can be easily transformed into multiple smaller (often under 500 sq ft) units, which offers each tenant complete privacy and greater affordability.
EveryHome agent Jen Kuznits specializes in investment properties & flipping!
Looking to make the leap into investing? We’re proud to have EveryHome agents who offer great services for new landlords! Give us a call at (215) 699-5555.
Jen’s husband, Tamir, enjoys the hard work and pay off of home renovations and investing!