Investing in Multi-Family Homes in Virginia

Investing in multifamily real estate is an exciting and lucrative venture. Multifamily real estate is an increasingly popular option to consider especially in 2019. Learn more about investing in this real estate option. Whether you’re constructing your own apartment complex or purchasing duplexes in an ideal location, learn why you should get started today.

What are Multifamily Homes?

Multifamily real estate is any building or property that allows more than one family to occupy it. From sprawling apartment complexes to efficient duplexes and triplexes, these units are all designed to offer housing options that are more affordable for renters than a single-family home.
Many renters also choose multifamily housing because it allows you to maximize the number of occupants in an ideal location. If you’ve secured property in a bustling part of Virginia, make the most of your must-have location.

Recent Investment Trends in Virginia

Nationwide, the multifamily real estate market is undergoing a shift to a buyer’s market. In the past, sellers had the power to set prices and make demands, but rising interest rates give buyers the power to purchase an ideal property at a great price.
Another advantage of investing today in real estate in Virginia is the growing market for rental units. Millennials, in particular, are more likely to rent than buy, particularly in larger cities. Look for rental opportunities surrounding Richmond, Virginia Beach, Alexandria, and other popular areas of Virginia as the market continues to shift. Look for the perfect investment opportunity today, whether you choose a turn-key complex or a hidden gem that requires significant renovations.

Benefits of Multifamily Rental Units

Once you’ve determined you want to invest in real estate in Virginia, why choose multifamily housing? Here are some benefits of investing in multifamily real estate in Virginia:

• Low risk: Compared to single-family housing or commercial rentals, a multifamily unit is far more likely to rent out at least a portion of the property. Even if a few units are vacant, you’re still earning an income on the property.
• Competitive financing options: Larger rental units are seen as a safer investment, so your lender is typically more willing to work with this investment project than other, riskier real estate alternatives.
• Improvement opportunities: Continue to invest in your property by choosing professional renovation services. As apartments become vacant, renovate them to improve the value and raise the rent on your in-demand rentals.

These are just a few reasons why many real estate investors are choosing multi-dwelling properties for their investment portfolio. Whether you’re looking to add a new property to your portfolio or just getting started with real estate investment, a multifamily unit is a great way to invest in Virginia.

Choose a Leader in Multifamily Home Services

Once you’ve decided to invest in multifamily units, you need a qualified multifamily construction team. At Tech 24 Construction, we offer a range of professional services to build, repair and renovate your multifamily buildings. If you’ve purchased an ideal location to construct a new unit, we can provide you with turn-key designing and construction of your property.
If you’ve purchased a fixer-upper multifamily unit, invest in quality repair services. Our renovations restore historical units and turn run-down properties into state-of-the-art, modern dwellings.

Contact Us Today

Now is the time to take advantage of this upward trend in 2019. Contact us at Tech 24 Construction to discuss a multifamily home plan, renovation schedule or other project today. We’ll work with you to create a stunning design and flawlessly implement it to create your dream investment. Provide beautiful housing for renters in your area and see an immediate return on your investment today.