Wednesday, July 18, 2012

Renting in a Tough Market

Apartments
Apartments (Photo credit: Beedle Um Bum)
Real estate companies are not the only ones suffering in our sluggish economy these days. Many Americans, particularly under 30, cannot afford the lump sum cash needed to purchase a home, and the risk is far too great to take out a huge loan from a bank. That's why rental properties are currently on the rise throughout the country, and the rental options available keep on growing.

Just a few years ago, if you wanted to rent an apartment, the important decisions you had to make were where you wanted to live, and how many bedrooms you wanted. Apartment developments are on the rise, and with that comes many more no-traditional options. Take a look at First Troy Corp. Rentals, located just north of Dayton, OH. They offer traditional rental apartments, but also have rental ranch style apartments, rental townhomes, rental single family houses, rental duplexes, rental triplexes and rental fourplexes!

This only shows how important it is now to offer a diverse variety of rental living options to attract the attention of a diverse crowd. It will certainly be interesting to see how rental companies do if the real estate market clears up, and mortgage interest rates become more affordable, but for now, the rental industry is booming where others are busting!

12 comments:

  1. Great post. It is so true that people are opting for a monthly rental rate that is easily dropped or transferred should anything happen (job change or moving, etc.) as opposed to a mortgage that is extremely difficult to get out of short of foreclosure and harming one's credit.

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  2. I agree that it is just shows how important now to offer a diverse variety of rental living options to attract the attention of a diverse crowd. Renting has a lot of things to consider.I heard also that there are some rent to own proeprty . In this way a lot of tenant could have their own home Thank you for this post.

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  4. Great timing! I was just reading about the increase in renters due to this mortgage and financial crisis. It is definitely getting tougher out in the real estate world, one really has to keep up to date on all of this information because it will inevitably effect them. I got the information from american home mortgage servicing blog. Thanks for sharing.

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  5. If market has very high prices for every property then people should take property on rent by which they don't need to invest more money.

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