March 7, 2014 – Based on past real estate cycles and indicators in the housing market, now is a good time to invest in a residential rental property. Home prices have stabilized but potential homebuyers are struggling to come up with down payments due to tight credit and a high national unemployment rate, causing many households to maintain their renter status. Data also supports an even greater increase in the need for rental housing as more people defer purchasing primary residences. The overall outlook is that the value of investing in rental real estate is very attractive with a significant return on investment for properties held for 5 or more years.
Sterling Luxury Homes can assist you in maximizing your rental investment potential by helping you select it + fix it + style it = flip it. We will help you determine what matters most for your investment strategy and work with you to simplify the process and realize a profit more quickly. Sterling Luxury Homes knows which amenities upscale tenant prospects are looking for and can redesign and restyle your investment property into a sought after rental home that will appeal to an affluent demographic and help ensure low vacancies.
Many economists agree that buying a home, revamping it, and renting it will continue to be a sound investment throughout 2014. Contact us to help you get started on your next rental property investment needs.
About Sterling Luxury Group
Sterling Luxury Group redefines the meaning of living a luxury lifestyle. From helping you select the perfect home through Sterling Luxury Homes, to refining the finishing touches of your interior décor through Sterling Home Styling, to styling you from head to toe through Sterling Personal Styling, let us redesign and restyle your life. We are Global Image Group‘s luxury lifestyle makeover image stylists in real estate, interior decor, and personal styling in Miami, New York, L.A. and Dubai.