College Towns and Ever Increasing Lodging Problem:
College towns are the glittering gold of United States, and for any real estate investor they present an easy buck.
A major reason for that is the massive market of students who study in the nearby colleges, universities and high schools from all across the country and international students who want a separate lodging to go about their daily routine with such a huge pool of regular tenants smart investors can make a save buck and take money home on their investments.
Why Should You Go for It?
In any other market when it comes to construction you would need to spend a lot on marketing, it's only possible in college towns that you already have a huge market and you can easily take a piece of the pie with minimal efforts.
Students are looking for separate lodgings all the time, renting out places to live and even settling for basements to make through.
Also due to proximity with their institutions these separate living spaces allow them to engage in all activities without the pressure of living in hostels.
Recently, many homeowners have started renting out their lofts to students in order to capture this market.
Population has been constantly increasing inviting innovation in architecture. Urban areas have peculiarly seen an increase in Lofts, as people have begun to rent out basements, garage spaces and Lofts.
While basements and garages are choice of the majority. Lofts are attractive to a younger audience, especially students as they want their separate own space. An amazing trend on the rise is that start ups are eyeing them as working spaces for their teams.
Lofts are a great way of investing in Lofts especially in College towns across the US, Lofts have become quite the buzzword for real estate investors and homeowners alike as it helps homeowners use the extra space in their roofs to make some loose change.
Increasing Your House Market Value:
You must seen loft renting ads becoming more and more common especially in Sub urban areas, even high end neighborhoods have such ads displayed because as per a study conducted, building a loft increase the value of your house more than twenty percent of its original value. This is the boon of smartly using your home as a revenue generation place. The US has millions of Immigrants flying into the Country and millions of college students going across states to study in one of its colleges or universities. This presents a great opportunity for families living in the surrounding neighborhoods to earn money and for students to not worry about lodging issues.
It's practically creating money out of thin air, since a loft is located just under your roof and is a space that would have been used as a storage place rather than living quarters but with a slight tweak and some large windows. You have created an entire space for you to rent out or even have parties.
Making a smart investment such as investing in Lofts is a reasonable decision for individual homeowners and construction industry. Click here to know more about best deals and places for buying lofts.
