One of the most crucial traits that any successful real estate investor must possess is the ability to spot a good opportunity. And in a market as volatile as real estate is these days; that’s not always easy. Keeping your hand on the pulse of the latest real estate development trends is a complicated thing. But there is one strategy that is always consistent in its success: becoming a student landlord.
Obviously, most landlords don’t feel comfortable renting to people who have probably never lived by themselvesin their lives; which is certainly correct. But despite such legitimate concerns, if you invest in a university-adjacent property, you could actually net quite a tidy profit. On average, a house that’s near a college campus can give you profits almost 40% higher than the same house in a different neighborhood. That’s precisely why we’ve prepared a guide for you right here!
The Benefits of Investing in Student Housing
Let’s face it – millions of brand-new students enroll in universities each year, all over the country. That’s why college towns are actually one of the most certain real estate investments when it comes to residential rental properties. You’ll never lack demand, as campuses will provide a source of new tenantswhenever you need them. And all of that competition will drive rents higher, which is great for property owners.
So, if you’re looking to shore up your retirement strategy and expand your portfolio as a real estate investor, this is a great opportunity for all that and some neat passive income that doesn’t require much input past the initial investment. Andif you’re an investor who can’t boast with a huge marketing budget, all the better! Being a student landlord means your tenants will basically find you.
This is a good idea for people who want to sell their home in a college area and move somewhere else as well – a great way to enter the real estate game! Just calculate your moving expenses in advance, and use the remainder of your disposable income to spruce up the place. You’ll soon have college tenants knocking on your door. And then, instead of selling your home, you’ll have a constant influx of steady profit.
Rental Demand
So, just how good is the demand when it comes to rentals in college towns? The official statistics show that you definitely won’t be wrong in renting out student housing, from that perspective. Two years ago, The College Board published a study dealing with the average life of an undergraduate student. And one of the interesting pieces of information is the fact that almost 45% of students don’t live on campus. Obviously, these numbers slightly differ between private and public universities, with more people living on campus in private universities.
So, before you decide to sell your propertyfor a tidy profit, consider renting it out long-term to college students, gaining a respectable source of steady income in the process. And if you’re scared that this trend of high demand in college areas will change over time, you can rest easy! Earlier studies show that this is a trend that has been one of the most consistent ones in the entire real estate industry, even throughout the mortgage crisis of 2008!
Sure, rental demand in college towns sees tiny fluctuations throughout the academic year, but college towns still produce a consistent stream of housing demand; not just from students, but from the accompanying staff and professors.This makes such areas extremely attractive for mid-range investors.
High Rental Yield
There are quite a few reasons why real estate investors are attracted to such a rental niche, but the main one is simply that it pays consistently. With the constant high demand in mind, it’s no wonder that college rental properties don’t have problems generating quite a steady cash flow for their owners, at least compared to traditional rental properties. A lot of students simply choose to search for housing off-campus, as living on campus can prove to be even more costly than renting a home.
You can predict a sizable return on investment compared to traditional rental investments! /alt: A graph representing rental finances.
As a study from relevant industry sources shows, real estate owners who decide to invest their resourcesin a student housing property can actually hope for a return on investment that’s bigger than 10%. To give you some perspective on that – many real estate owners and investors believe that a return on investment that’s higher than 5% is a pretty sweet deal.
Tenant Expectations
One of the toughest things with residential rental properties is managing tenant expectations. But when your tenants are students, that isn’t too big of an issue. Remember – most of these people haven’t lived by themselves anywhere before, or they have just lived in a dorm room. So, especially since these are mostly young people, they don’t expect the condition of the property to be as pristine as a suburban family that’s renting out the place might. You can save quite a bit of money on the property investment alone. Trust us, the quality of the flooring and the perfection of the paint job isn’t something you’ll have to think about when you’re renting out to students.
Tenant expectations are much lower when they are students! /alt: A student reading a book in a library.
Conclusion
As you can conclude, renting to students is not such a daunting proposition as it first seems. Sure, you need to be prepared to deal with younger tenants, but the constantly top-tier demand and solid return on investment you can achieve is definitely a tantalizing idea.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Selling your home can turn into a genuinely lengthy process
if you have no information on how to do it properly. Making a detailed plan and
having an experienced professional agent by your side can significantly
decrease the time your home spends on the market. If you are willing to make an
effort, invest your time and some financial means, it will be easier to gain
competitive advantage and make your property more appealing than others. Thus,
here are some tips on how to interest your prospective buyers and succeed in
selling your home faster.
Improving curb appeal is the starting point
The first impression matters greatly when buying a property. Interestingly, sellers very often tend to forget this fact, so they focus intently on the inside of their homes. However, if you aim at selling your home faster, improving curb appeal is the most reasonable starting point. Firstly, pay attention to your lawn. Keep it neatly mown at all times since you never know when the potential buyers can come by. Also, it is necessary to trim trees and bushes regularly and to maintain your garden well enough.
Figure 2 Improving curb appeal is the most reasonable starting point when aiming at selling your home faster. Alt.tag: A beautifully decorated home entrance that can help when aiming at selling your home faster.
Pay special attention to the entrance. If it is necessary to
add a fresh coat of paint, do not hesitate to do it. A new house number and a
matching mailbox can easily catch everybody’s eye. Ideally, repainting your
front door will maximize the positive effect on whoever comes to tour your
home. Remember, what you want to achieve is making prospective buyers believe
your home is the right choice for them.
Decluttering is critical for selling your home faster
Clutter at your home threatens to prolong the whole process
or even reduce the price considerably. Getting informed on some key decluttering
tips can help you create an intimate and yet neutral and cozy atmosphere
that will enable your prospective buyers to envision their life and family in
this place. Furthermore, do not forget depersonalization. If a neutral territory is what you want to
achieve it is inevitable to remove all your family photos, children’s artwork, souvenirs
from various travels and so on.
Since it is essential
for potential buyers to move freely around your home, getting rid of bulky
furniture pieces is a must. Ideally, you can look for
an affordable unit to store your belongings and these furniture items
safely. Then, you can rearrange the rest of your furniture and maximize the
space. This will be highly appreciated and valued.
Make your home shine
You need to raise your cleanliness standards to the highest level until selling your home comes to its end. Paying special attention to all hidden areas is of utmost importance because your home needs to bear the scrutiny of various potential buyers. While it may be exhausting and quite challenging to keep your home in pristine shape for long, it is needed given the circumstances. Otherwise, you risk making one of the biggest mistakes when selling a home.
Figure 3 Make your home shine and prospective buyers will love it. Alt.tag: Cleaning brushes in various colors.
Natural light is a great benefit
Natural light is everybody’s favorite. It brings freshness,
calmness, and warmth to your space, so it has to be ample in order to attract
attention. Try your best to make your home as naturally lit as possible. Should
you find any problems with meeting this requirement, placing decorative lamps
around your home might help.
Selling your home faster requires making it available to prospective buyers
It is vital to make your home available to potential buyers.
Unfortunately, this most often means allowing them to tour your home whenever
it fits their schedule, even at weekends. This is a slight inconvenience you
will have to bear if you expect to succeed in selling your home faster. Buyers
themselves also feel nervous about finding the property that meets their criteria
once they realize that buying
real estate is a good investment.
Be realistic about the price
Making a decision about the price when selling your home is
a crucial task in the process. With the help of the internet, both sellers and
buyers can obtain information on the subject quite easily. Hence, it is
essential to be utterly realistic when setting the price. Defining the price
either too high or too low is very risky. Should you have any doubts,
consulting professionals is advisable.
If you, however, decide to set the price yourself, there is another step you need to define. Having a timetable for lowering the price can prevent your home from being on the market for too long. Instead, a reduced price after some time may incentivize those buyers who were having second thoughts. Eventually, selling your home faster becomes achievable.
Figure 4 Be realistic when setting the price for your home. Alt.tag: Three different piles of coins and a small wooden model house.
Taking some photos can help in selling your home faster
A great majority of prospective buyers start their search
for a perfect home online. Most of them prefer seeing photos of the houses
listed in order to take them into consideration. Thus, making high-quality
photos of your home can be very beneficial. If they emphasize all the appealing
and distinctive features, they will easily attract buyers in a short period of
time. Make sure you photograph both the inside and outside of your property. If
you are willing to invest in hiring a professional photographer, you can expect
favorable results very soon.
Feel free to spread the word
Although collaboration with your real estate agent is
compulsory, you can also contribute to selling your home faster. Feel free to
spread the word. Talk to your neighbors, colleagues, and friends. Use the
advantages of social networks and share your listing on various social media.
Understandably, the more people you inform the bigger the chance to find the
buyer soon.
Time matters
Among other factors, the time you list your home for sale determines how long it will stay on the market as well. When aiming at selling your home faster, it is, generally, advisable to list it in spring or fall. Reasons underlying this suggestion are understandable. The weather in spring is pleasant and people are willing to tour houses more often. The school is coming to its end, so moving will not cause any problems to families with children either. On the other hand, in the fall, the weather is still warm. People have come from their vacations and now they are ready to search for the property that meets their strict criteria. The school is about to begin, so prospective buyers have time to make the final choice and conduct their relocation. Use your chance and make selling your home faster possible.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
This Home Buyer Workshop event will feature on-site loan consultations as well as our “Love it or Leave it” program. In addition, you’ll gain access to other premium programs that are unavailable to the general public! This event is FREE to attend, so make sure to set the date on your calendar! A Q&A will also be held featuring some of the industries best vendors: such as a Michael Ullmann, a mortgage representative, a title company, and a home inspector. Seats do tend to fill up, so make sure to reserve yours today!
RSVP by Sept. 25th at 540-388-2541 or email: Cheryl@licatagroup.com.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
It’s that time of the year again! The 2019 Virginia State Fair is right around the corner, so get ready for some rides, games and of course, a giant turkey leg! Virginians have been coming since 1854 in celebration of food, fun, family and community. This year is no exception and looks to be a fair to remember! Held at Meadow Event Park in Doswell, this 10-day event is set to begin on September 27 at 10:00 AM. Tickets are on sale until August 31, and full price ticket will start on September 1. For more information, be sure to click here. Virginia is for lovers, and we all love a good fair!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Wilderness Presidential Resort located at 9220 Plank Rd in Spotsylvania Virginia 22553 is hosting the Wild Roots Music Festival on Saturday, September 21st from 12pm – 8pm.
Licata Group is proud to be a sponsor of this festival that will consist of 4 live Americana bands, several food trucks, a beer garden and many local artists.
Live Music will be performed by: Karen Jonas, Whiskey Revival, Cabin Creek and the Hive Robbers. The craft beer garden will feature local downtown Fredericksburg Brewery: Spencer Devon Brewing.
This is a rain or shine event with tickets for sale at $20 each, tickets prices do not include the beer garden. Purchase tickets here. Grab your friends and family and prepare for a relaxing Saturday enjoying some good music with delicious food!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Saturday, October 12th from 11AM – 6PM. Join the Orange County Chamber of Commerce as they host the 4th Annual Chili Cookoff, Brewfest and Corn hole Tournament! The festivities will take place at the Orange County Fairgrounds located at 14500 Old Gordonsville Rd, Orange VA 22960.
Chili festival is always delicious with many participants submitting their chili; there will be local and regional craft breweries to quench your thirst and of course, don’t forget to particpate in the East Orange Ruritan Club Corn hole tournament. There are CASH PRIZES for the corn hole tournament and chili cookoff.
Tickets range from $25 – $140. Get more ticket info here. The VIP experience is supposed to be IMPROVED, including: unlimited craft brew tasting, PLUS a $10 food truck voucher, exclusive craft brews and even a MEET & GREET with the WORX!
105.9 SAM FM will be broadcasting the festival from 11am – 1pm and the Worx will take the stage at 1:30PM for your afternoon music entertainment.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
One of the main reasons to move to Virginia is the great quality of life.
If you’re thinking about moving from New York City and buying a property in Virginia, you’re not the only one. A lot of New Yorkers are starting to look for a property in Virginia, and there are a lot of reasons why. One of them is an excellent offer of available jobs. Another is the high numbers of educated people in Virginia. People come to Orange County similar places to start a career and enjoy all that Virginia has to offer. Quiet and crowd-free beaches are a perfect spot to spend your Sunday afternoon at. Similarly, if you’re moving there with kids, you can be sure that there would be a lot of activities to do, like going to amusement parks or museums.
If you want to find a good job, move to Northern Virginia.
Since Northern Virginia is close to Washington D.C., you might want to consider buying a property there. This location is great when it comes to job opportunities and building your career. That’s because a lot of companies are moving into Northern Virginia, meaning that there will be and already are plenty of hiring opportunities for job seekers. If you’re trying to find a job in the government or technology, you’ll see that there are a lot of government agencies and IT companies there. Similarly, if you’re looking to open your own company and need suitable office space, there sure are plenty to find in Northern Virginia. Plus, you’ll be close to the nation’s capital, Washington D.C.
Some other things that Northern Virginia has to offer to New Yorkers are gorgeous mountain views, nature preserves, and spots for camping. New York, on the other hand, is a busy place with plenty of stuff going on nonstop. Virginia, however, is the perfect getaway from all the hustle and bustle of a big city. You’ll have the best of both worlds: amazing career options and much more peaceful surroundings.
If you’re ready to relocate and start a career in Virginia, you’ll need to find a home. Try searching for open houses and see if any meets your standards.
Choose peaceful West Virginia when buying a property.
West Virginia has a lot to offer to those who enjoy the outdoors and a peaceful, natural surrounding.
West Virginia has a lot to offer to those who enjoy the outdoors and a peaceful, natural surrounding Alt tag: Cheat Lake, West Virginia, one of the things worth buying a property in Virginia for
Moreover, if your main reason for moving out of New York City is to find a quieter place, the Appalachian Mountains or the coast are great locations. You can find impressive properties in small towns close to these areas and enjoy your daily peace and quiet.
If you’re a true New Yorker, getting used to the calming natural surroundings and activities that can be done there can take some time. However, this need not be the case. You may discover that you actually quite enjoy nature and the mountainous regions. So, expect to make some lifestyle changes and don’t be afraid to try something new. You’ll have the opportunity to enjoy some planting and agriculture or go hiking in the mountains. Finally, get ready for some breathtaking natural views, especially in fall. You’ll feel like you’re in a fairy tale just by being surrounded by beautiful nature.
All in all, buying a property in West Virginia is a great idea if you want to save up a bit since it is quite the contrary to the expensive lifestyle back in New York City. So, you’ll just need to find a good real estate agent to help you buy a house in Virginia that best suits your needs.
Virginia is diverse, just like New York City.
Virginia is home to a diverse population that makes this state a beautiful place to live in.
One thing that won’t require plenty of adjusting is diversity in Virginia. Just like in New York City, Virginia is home to a richly diverse population that keeps on growing. There are a lot of Asian Americans as well as Hispanic Americans that live in Virginia. Moreover, many are still relocating there in large numbers. Virginia has become the place of choice for many immigrant families because of cheaper lifestyle and many job offers. That is why you won’t need to worry about buying a property there. Moreover you don’t need to worry about fitting in with the rest of the population. Virginia continues to be a welcoming place for people with all kinds of backgrounds and culture. Find a reliable moving company with experienced workers like the ones from divinemoving.com. With such professionals, moving to a new property in Virginia will actually be an enjoyable process.
Great Education and Healthcare are worth buying a property for.
You can count on great healthcare in Virginia.
Northern Virginia is a place with many prestigious and award-winning hospitals. Similarly, a lot of Virginia’s healthcare institutions are nationally ranked thanks to their exceptional care. So, this alone should be the reason to consider buying a property in Virginia.
Virginia also has the following organizations:
Virginia Health Foundation
The Virginia Association of Free and Charitable Clinics
Moreover, the education system in Virginia is also impressive. Students have amazing results in almost every subject and public schools have high ranks. There are almost 170 universities and colleges which is why there are so many highly educated people. If you are a student or have children, you can be sure that moving to Virginia is a great idea.
If you have bought a home in Virginia you’ll also need a good moving company. They will pack your belongings in cheap but secure boxes. In that way you won’t need to experience any stress during relocation.
Low crime rates and great quality of life
Due to the low crime rates and therefore, a great quality of life, you should certainly consider moving to Virginia. The feeling of being safe in your own home is an important factor to consider when buying a property. Part of the reason for Virginia’s good quality of life is the median income that is significantly higher than the nation’s average. This is due to the fact that there is a large number of people with high education.
In addition, Virginia has a lot of employment opportunities. That is why New Yorkers decide on relocating here and buying a property.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
The tranquil water views will have you never wanting to leave the comforts of home! This spectacular home boasts high ceilings, crown molding, gleaming hardwoods, granite counters and three levels of luxury living!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata. To see available Lake of the Woods properties, please visit our site.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
We all have extra “stuff” that we’d love to discard…but why give it away when you can make a few dollars?? If you are planning to sell your house, this is a perfect opportunity to de-clutter, which definitely helps a Lake of the Woods house for sale, show better to prospective purchasers.
Sweetbriar Park is the site of the LOW Spring Community Yard Sale to be held on April 27th , from 9am-2pm. Begin planning now to free yourself of those items you no longer need or want to make room for the treasures you are sure to find! Or…simply to de-clutter.
If you aren’t interested in getting rid of anything, but are looking for that something special or unique for yourself or someone else, come out and shop! Call Sylvia or Sara at 540-972-9680 for additional information and/or to register. See you there!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
