Real estate is about understanding trends that can significantly affect your investments.
Business Insider research shows that 90% of real estate investors reported money deficits for 2024. Whether you're a buyer looking for a dream home or a seller preparing to list, you need to grasp the factors influencing local markets. Our PMI Oakridge team can help you navigate Troy real estate so you don't take a loss.
Keep reading to learn which real estate trends will influence investments and how we can assist with property management!
Rising Property Values
Troy has grown into a desirable community, thanks to its rich history and friendly atmosphere. The local economy has been steadily improving, contributing to rising property values.
Potential buyers who monitor home buying trends and property values will find the most reward. As you see property values increase, you'll want to take action and invest while properties are still affordable. At PMI Oakridge, we can help you find the perfect property around Troy, Ohio!
If you're considering selling, you can also take advantage of rising property values.
Increased Demand for Residential Housing
Many individuals from neighboring cities are seeking homes in Troy. The affordable living costs and impressive amenities make this a prime location for investors.
According to local news reports, new listings rose nearly eight percent in Ohio. If you're looking to buy properties and expand your portfolio, Troy is a great location. Our team is here to help make life easier by managing tenants and navigating the real estate industry.
Since the market is so busy in this region, it has created a competitive atmosphere for buyers. Don't delay investment opportunities if you encounter an impressive deal or see a dip in interest rates.
Fluctuating Interest Rates
Now that the election has settled, real estate trends show that interest rates are becoming less worrisome. Rates remain low, making it enticing for potential buyers to enter the market.
The shifts in demand and supply, however, will suggest that buyers act quickly when they find a suitable property. Our full-service property management can help you find properties while interest rates are low.
Streamlining Property Management
If you want to stay relevant in the real estate industry, you don't want to push tech to the side. Innovative property management software and resources can maximize profits and keep tenants happy.
Here are a few reasons to consider full-service property management services:
- Setting competitive rental prices
- Handling tenant placements and vetting processes
- Offering regular maintenance services
- Assisting with legal compliance
These services not only save time but also enhance the investment's overall profitability.
Get Informed on Real Estate Trends and Get Started
The Troy real estate landscape is ripe with opportunities for both buyers and sellers. With full-service property management, you can ensure a smoother transaction and maximize investments.
As you prepare to enter this evolving market, stay informed on real estate trends. For years, our company has been dedicated to offering expert guidance through these processes. Whether you're gearing up to sell or manage a property, we have resources and expertise.
To connect with our team, contact us at (937) 901-4939 or fill out our online form!
