Real estate trends have a sort of zig-zag quality to them. The market is full of bulls, then the bears come in and claw everything down. But when the bears hibernate, out come the bulls again. In 2008, America’s housing market imploded owing to sub-prime lending. Partially the market has recovered, but there are some new considerations affecting it.
Chiefly, consider China. For the last several years, China has been buying up high-dollar properties all around the world and simply sitting on them. This facilitates a synthetic bubble. The synthetic bubble increases property values in a given area, then everything collapses, and it undercuts the market.
What this means to you may be a couple of different things, depending on who you are. On the one hand, if you’re not in a position to make a long-term investment in a property, you may want to just rent an apartment in a given area and tread water until you’ve got a personal “feel” for the market.
Conversely, if you do have a lot of money to invest, you may want to work your way toward larger properties by initially investing in less luxurious estates until you can make your investment back, and get a feel for local ebb-and-flow.
New York Real Estate Primacy
All these things being said, some of the most prime markets for real estate today are the places you’d expect. New York City has some very desirable properties in some very desirable areas. For example, at 19 Dutch, you can explore top-tier units which may be perfect for living, or could be the kind of units you’re looking to sell to clientele.
Meanwhile, these NYC Central Park apartments are right in the middle of all the action on Manhattan island, and so they’re a sure bet for reliability over the long-run in value. As a tenant, if you buy, you can likely sell at a profit in the future. If you own a building like this, you should likewise have a secure investment over the long-run—though the future is invisible.
Another trend defining the market today is the “tiny home” fad. Essentially, tiny homes are properties that have less than 500 square feet. Think of it like an apartment that’s been chiseled out from a building and is somewhat mobile. Most tiny homes can be transported with a tractor-trailer, even if they weren’t specifically designed with that in mind.
Whether you’re looking for a new place to live or a property investment, tiny homes can be the way to go. In places like Portland, Oregon, there are entire communities of tiny homes. This hasn’t caught on in most metropolitan areas quite yet, but it is something that’s become increasingly considerable as property ebb-and-flow has discouraged some investors.
Since tiny homes are relatively cheap to build, can be transported, and are more affordable than many other options, if you’ve got some investment capital, it may be worthwhile putting it into a couple units like this.
Finding The Best Real Estate Option For You
There’s also home-flipping, where you purchase a property and upgrade its value—here are some tips on property upgrades. This trend has been around a couple years, and represents a great way to make a good profit on your own terms with reasonable swiftness.
If you can upgrade the value of a property $50k with a $20k investment and sell it inside a year, that’s $30k in profit. However, property is the least liquid asset out there, even though what its worth can shift very quickly. So whatever you do in 2019 and beyond, take your time, do your research, and consider the options available, as there are many.