The multifamily housing market is on the move. More and more people are choosing to rent units as their long-term housing situation. This trend is being driven by numerous factors, including an increase in “renters by choice” individuals making more than $75,000 per year and empty-nesters leaving the suburbs for urban apartment living. According to FreddieMac’s mid-year outlook for multifamily, the apartment market forecast has continued to grow as the economy continues to experience growth.
Now is a great time to invest in multifamily properties. Horizon Companies, offer investors access to multifamily opportunities throughout the Southeast Region and beyond. Here are three reasons why you should consider investing in multifamily properties:
1) There is strong demand for rental units. As mentioned above, the number of renters is increasing every year. This trend is expected to continue as more people choose to rent over owning a home.
2) Multifamily properties are typically less expensive to maintain than single-family homes. You won’t have to worry about things like landscaping, painting, or repairs as much when you own a multifamily unit.
3) Multifamily properties provide a steadier income stream than single-family homes. Because there are multiple tenants living in a multifamily unit, you’re less likely to experience vacancies compared to a single-family home.
Now is a great time to invest in multifamily properties. The demand for rental units is strong and expected to continue growing, they’re typically less expensive to maintain, and they provide a steadier income stream than single-family homes. If you’re looking for an investment property in the Southeast Region and beyond, feel free to connect with our Investor relations for more details on our current projects.