2017 is one of the best seller’s markets Colorado Springs has ever seen. Real estate professionals say that if you’ve been waiting to sell your home, wait no more. But why not take advantage of the same things that are making 2017 a seller’s market, and turn your home into a money maker? Here are 5 reasons why you should turn your home into an investment property in 2017.
So call us now--any time of the day--to start making money on your home! (719) 632-3368 or (800) 866-3167
1) High rental prices
There are not enough rentals to go around in the Colorado Springs market. Low supply and high demand lead to rising prices, and this is especially true in the Colorado Springs housing market. When inventory shrinks, available homes become more valuable. This means that rental rates are climbing, so turning your want-to-sell property into a want-to-rent property makes more sense than ever. Before your sell your home, sit down with the professionals at All Seasons to see just what kind of rental prices properties like yours are commanding. You may be surprised!
2) High occupancy rates
Again, there are not enough rentals to go around in the Colorado Springs market. This means you don’t have to worry about supporting an empty rental right now. It is such a seller’s market that it is hard for folks to find housing. There are waiting lists at apartment buildings, and if a new home for rent comes into our office, it is rented within 30 days (oftentimes much sooner) at the highest market prices we’ve seen for rentals in our area in our 31 years of doing business. Our occupancy rate for this year averages out just over 1%. Therefore, your house will be occupied, and will become an investment property you can count on.
3) High confidence in the future
The future is bright for Colorado Springs. Our city is a beautiful place and a military town. This means that your home will likely continue to increase in value. So using your home as an investment property is a smart idea, and will remain so for years to come.
4) Tax benefits
While we are not tax professionals, it’s a known fact that there are many tax benefits to having an investment property. Contact a tax professional or your accountant for more information.
5) We’ll handle the tenants (residents)
Some people are not cut out to be landlords, but the professionals at All Seasons are! If you’re worried about how your life will change when you take on tenants, don’t! You deal with us, we deal with everything else, including the tenants and their needs. All you have to do is count the money and approve occasional expenses that exceed our spending limit, as they may arise.
Call All Seasons now!
Remember: There are waiting lists at apartment buildings, and if a new home for rent comes into our office, it is rented within 30 days (oftentimes much sooner) at the highest market prices we’ve seen for rentals in our area in our 31 years of doing business. Our occupancy rate for this year averages out just over 1%. Therefore, your house will be occupied, and will become an investment property you can count on.
