Here at Capstone, we track the apartment projects in our local market so we can better understand how the future value of existing stock may be affected. Here, we share the results of our yearly summary.
With the current residential real estate climate, investors should begin considering condo conversion opportunities as a lucrative strategy to unlock a new realm of profitability.
In recent years, a shift has occurred in the housing industry as builders are increasingly turning their attention to smaller homes. This change is not just a design preference, but a response to the soaring costs of construction. As prices continue to rise, builders and homeowners alike are reevaluating the concept of space, finding innovative ways to create functional and aesthetically pleasing dwellings within a more modest footprint.
Take heart, all you rehabbers & builders- those projects that you invested more into for greater energy efficiency, knowing it would pay off down the road- you can also be rewarded with a tax credit for it as well.
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