Multifamily housing in the Southeastern Untied States is a profitable investment and increasing in popularity. However, many don’t know where to start. Multifamily housing can be a property with more than one unit to a hundred or thousand, upscale units.
Benefits of investing in multifamily housing
Generates income
Investing in a multifamily property real estate is a great way to create passive income. A team of staff and property manager can take care of the daily tasks, leaving you to enjoy the profits.
Opportunity for a cash flow
Predictable and steady cash flow generated from monthly rents in a bustling market.
Nearly 39 million Americans are choosing multifamily housing, which is an all time high. Those making apartment home are almost one in eight, and the number is only growing.
Research by the National Apartment Association claims, “To meet growing demand, America needs to build at least 4.6 million new apartment homes at all price points by 2030. In addition, as many as 11.7 million older existing apartments could need renovation during the same period.”
Millions of those living in the United States find it challenging to find affordable housing or to qualify for a mortgage.
In the past five years, the annual growth of renters surpassed one million.
This makes the multifamily housing industry under significant pressure to meet the needs.
Apartment living is in high demand, a lifestyle choice of multiple generations at various economic and income levels. “Building 4.6 million new apartment homes by 2030 at all price points will go a long way in ensuring this demand is met,” NAA.
If you have a new construction or renovation project, we encourage you to contact SWET Construction Group to discuss your building project. Our professionals will show you, examples and discuss options. We are able to work within your budget and will suggest cost saving options for your project. We specialize in multi-family designs, both interior and exterior projects.