Posts Tagged ‘Michigan real estate market’

HomeVestors Realizes That The Michigan Real Estate Market Is Increasing In Value

Tuesday, July 28th, 2015

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Real estate investors who are looking for an up-and-coming area should consider the Michigan real estate market.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that the Michigan real estate market has been making steady gains over the last couple of years.  In fact, the cities of Detroit and Ann Arbor are in the top 10 real estate markets in the nation.  These cities are both improving economically and calling people to move back into these regions.  Those real estate investors who purchase rental property in either of these cities are likely to have a profitable endeavor on their hands.

The reasons that investing in the Michigan real estate market makes sense are because the state is undergoing an economic recovery and it is one of the most affordable states in the nation.  Those who understand what lies ahead for Michigan and believe that the economic recovery is likely to continue throughout the next couple of years should purchase rental property in the state.  Those investors who purchase a rental property now will be able to do so at a very affordable price and should be able to capitalize on property value appreciation in addition to rental rate increases.

One of the best places to capitalize on the Michigan real estate market is Ann Arbor.  The property values in the city are finally going back up and a large number of people have moved into the city.  Those investors who purchase rental property here will be able to take advantage of low vacancy rates, increasing property values, and increasing rental rates.  When looking for the best region in Ann Arbor, search throughout the market and have a good understanding of where the majority of the population is looking to reside.

Those investors who want to purchase rental property in Detroit can capitalize on the Michigan real estate market, if this city continues to increase in value.  Investors need to focus on areas of the city that are showing improvements and promise from an economical standpoint.  Since the level of business development in Detroit continues to increase, the chances of property value improvements are likely.  Those investors who purchase rental property in close vicinity to City Centre will likely be able to capitalize on high rental rates and low vacancy rates.

Investors who analyze the Michigan real estate market should be able to find an investment that enables them to profit.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

HomeVestors Knows That The Michigan Real Estate Market Is Coming Back To Life

Tuesday, July 15th, 2014

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Investors who are looking for an investment that can double in value should consider investing in the Michigan real estate market, if they are aware of their risk profile. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that many real estate investors are turning their focus to the Michigan real estate market, as it is increasing in value at an astounding rate.  The nice thing about purchasing investment property here is that it can still be obtained for an inexpensive rate and will climb in value as industry continues to return to the area.

Those who invest in the Michigan real estate market can potentially purchase an investment that doubles in value, but need to understand that the Michigan economy still has a long way to go before it returns to the powerhouse it once was.  With that said, an investment in the Michigan real estate market carries a significant degree of risk.  In order to mitigate some of that risk, consider investing in rental property that is located in high traffic areas.

The Michigan real estate market is looking better in 2014 that at any time in the last five years.  In fact, property values have increased significantly and many businesses have staked claim to the area.  Take Detroit for example, 15,000 people have moved to the downtown region, as business development has taken hold.  As this business development spreads even further, expect an even greater population influx along with increasing property values.

One factor to consider when looking at the strength of a housing market is new housing starts.  In developing regions of the Michigan real estate market, new housing starts have increased 20%.  When builders start building, they must have a good reason to do so.  In other words, their analysis of the area has determined that the real estate market is on an upward trend.

With a solid population increase, the Michigan real estate market is calling for rental property in order to provide shelter for these new residents.  Investors who are looking to purchase rental property in Michigan should make sure that they fully understand the demand in their specific region and provide for the community accordingly.  Investors who purchase rental property will be able to capitalize on the highest cap rates in the country and should be able to quickly gain equity in their investment.

Investors who are looking for an aggressive investment that can greatly increase in value should consider investing in the Michigan real estate market.