Throughout the past decade, the rental market all over the nation has experienced many changes. Many of the changes have gone against the typical cycle of the residential home market. Things such as changes in generations, moving due to career changes, and even changes in the climate have sent many people in search of rental properties rather than buying.
Taking the time to look at the locations where these changes are happening the most can certainly offer great insight as to what is going on. Williamsburg has become one of the fastest growing cities in the state. Many people are choosing to relocate to the top area neighborhoods and are searching for rental properties.
There has been a recent boom in the job market. This has led to many individuals and families relocating to the area for work. Rather than getting tied into a long-term purchase, they are choosing to make rental properties their home for the time being.
Many of the leading industries in Williamsburg have created new jobs, therefore making it necessary for there to be an increase in the housing market as well. Evan Roberts, of Dependable Homebuyers, says “With the recent increase in demand for jobs, there has also been an increase in the demand for housing. This offers a great opportunity for our company to reach out and help those looking to get into decent rental properties.”
Not only are these individuals looking to move into family neighborhoods, but there are also some who find the option of living in suburban areas best suited for them. To this advantage, property firms are investing in apartment communities that offer the amenities and living in the city with the location of actually being in the suburbs.
With the fast onset of people transplanting to the area, the housing market fell a bit behind. Investors have taken that opportunity to fill the housing gap with rental properties. Dozens of homes have been purchased by Dependable Homebuyers with the intention of being used as rental properties.
When Evan Roberts developed the company Dependable Homebuyers several years ago, he had a vision. “It has always been my intention to help those who are looking for comfortable housing in great locations at a fraction of the cost. Investing in properties has allowed me to do just that,” said Roberts.
As many continue to migrate to the Williamsburg area, companies such as Dependable Homebuyers continue to buy houses and turn them into rental properties with the intention of staying ahead of the market demand. Read the recent press release they published at https://www.pressadvantage.com/story/29470-real-estate-investors-in-williamsburg-impacted-by-high-interest-rates.
The company understands that not everyone is in the position to invest in buying a home for one reason or another. This is what leads them to invest in properties and turn them into rental situations, in order to give options to those people in the area regardless of what brought them there.
Dependable Homebuyers offers a website with a wealth of knowledge for those who are curious about the services they provide and how initial contact can be made.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in Williamsburg, VA. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (757) 347-0457 and we’ll provide you a cash offer within 24 hours.
July 17, 2019 – Modest Real Estate Predicted in Williamsburg