The Best Home For Your Money. Experts predict big business in home rehabbing in 2006.
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
The Smart Investment: Home Rehab in 2006
Summary: Considering starting a business in 2006? Real estate rehabilitation could be your best investment.
If you're planning to own a business in 2006, real estate rehabilitation might be an excellent choice. The National Realtors Association reports that in 2004, nearly 25% of home purchases were investment properties, and home remodeling has grown into a $130 billion industry.
With the cost of single-family homes on the rise, the appetite for affordable housing in established neighborhoods remains strong. Regardless of the market’s condition, this sector of real estate holds significant potential.
Fixer-uppers typically sell for 24% less than fully renovated homes, offering a lucrative opportunity for those with remodeling skills. Beyond transforming properties, there's a critical need to help homeowners facing tough situations?"whether due to divorce, inheritance, foreclosure, job loss, or urgent relocation. A streamlined solution is vital for those needing to sell quickly.
Enter national companies that purchase homes for cash at a discount, eliminating the hassles of open houses, renovations, and extended closing periods. HomeVestors is one such company, capitalizing on this trend with over 250 franchises across the U.S. They have built a strong national brand by transforming unattractive properties into desirable real estate, benefiting both business operators and communities.
In 2005, HomeVestors franchisees acquired more than 6,000 homes, highlighting the rapid growth of this sector. This approach not only boosts business but also revitalizes neighborhoods, making home rehabilitation a promising venture for the year ahead.
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