Amid the novel pandemic, better known as COVID-19, the world has changed a lot. From the education sector to businesses, things have changed a lot. We are now seeing a dramatic change in the world, the wave of digitization that was long overdue is now just around the corner. All kinds of businesses are going online, people who never thought of owning a website are now getting their SEO done from professionals.
COVID-19 has widely affected residential investment properties
as well. The entire world was shut down for 4 months and once it opened, things have changed a lot. COVID-19 is not entirely gone, as experts from John Hopkins say that humans will adapt to living with COVID-19, and to be honest most of us already have.
Hit on the investment market
There has been a viral hit on the investment market. People were being reluctant to invest during quarantine, as the media propagated the virus as the end of the world. Things are now in control and people are investing in properties and businesses more than ever.
Investors who thought that COVID-19 wasn’t permanent, invested in real estate wildly as people were in need of money and were selling their properties at a lower rate. Now, as the markets have opened and the economy is gradually gaining strength, investors are now starting to sell properties at a higher rate. Real estate and residential investment properties are expected to increase in the coming years; therefore, invest while you can.
Residential Investment Properties
Two out of five people in the US want to invest their money into something that reaps them viable profits. Moreover, as things are changing, Americans are now looking for opportunities to invest. Out of stocks, cars, bonds, and other assets, real estate seems like the best option right now. Real estate in an ever-growing market, have you ever heard someone tell you how they lost money with a legitimate investment in real estate? I bet no. If they did tell you that they did lose money, they didn’t think their investment through.
It is imperative to understand that residential investment properties are one of the best gigs in the US. You can always find several ways to earn from your property. Well, to start with there are two primitive options you can always use, rent your property or sell it when you’re getting a good price for it. Moreover, there are other options such as private lending and hard money lending. These two options can also reap good benefits for you if you know how to play your cards right. You can always find good properties to invest in the US, especially given the new reforms, Texas is a hot land to invest in right now.
1. Spike in the market after reopening of the economy
Ironically, after the lockdown was removed from most of the states of America, there has been an increase in the real estate market. We have seen how the value of residential properties has increased over the month. Thanks to new reforms introduced by the government of the United States, the real estate businesses are reaping more profits than ever.
However, the most notable question here is when and where to invest. I personally recommend people to conduct thorough robust ground research before they invest in real estate. To be honest, real estate can sometimes be tough, you never know who can harm you and how can they harm you. You need to stay in the loop, know everything about the business.
Companies such as Republic Invest can help you invest better in properties. Republic Invest has a robust team that helps you identify potential opportunities in the real estate world. There is a reason why people are investing in real estate more than ever – property has dropped to a new low and it seems like the best opportunity to buy a house. A professor who teaches Real Estate Investment at Harvard, has analyzed the current situation as the golden opportunity for investors to invest in real estate.
2. Digitization has made things easier for agents
Today’s world has completely changed. If you had told me that I’d be purchasing a property in Texas over the internet, I would’ve laughed at you. But now, things have changed. 3D technology and advancement in every sector have enabled buyers to view, evaluate, and content with property without moving an inch on their couch.
Yes, I am referring to Matterport. Matterport’s cameras have brought a new life to 3D viewing of real estate. Hundreds of real estate agents are now taking Matterport seriously. They are busy developing 3D models of apartments and houses. Every single person has started to understand the need for digitization. We understand that this wave of technology was long overdue, and COVID-19 has just speeded up things. Today, even an ice cream shop is trying to get their Local SEO done to be recognized as a reliable business.
Moreover, investors from all around the US are now planning to buy more properties over the internet. There are ways you can rest assure that the property is not fake. They are hiring lawyers and accountants to ensure that everything said and done is legitimate and legal. Hence, as the saying goes, work smart not hard.
3. People are now investing more than ever
If you think about it, it actually makes a lot of sense. People are always asking me why everyone is investing in real estate. The answer is pretty simple. Amid COVID-19 people were focused on surviving more than earning money, which made them sell properties to save them from going bankrupt. It is quite evident that when you create a hassle, people tend to panic, and that panic results in them selling their properties for not the valued rates. Investors took this as an opportunity and bought residential investment properties for lower rates. Now, as the world is beginning to set its course, property and real estate will take a sharp hike, and that hike will be most beneficial to those who invested in properties during the quarantine.
Another viable reason to invest in property is that people are starting to realize that real estate is one of the biggest markets. Whether it be commercial, residential investment properties, industrial, or rental, real estate will always reap benefits for you. Nonetheless, research is important when it comes to any kind of investment. The government of the United States has made data of real estate public for common people, you can easily download and analyze viable residential investment properties to invest in.