Now is a great time to consider investing in real estate. When the stock market is experiencing volatility, as has been the case in recent months, real estate is a historically stable asset that can help savvy investors cope with market uncertainty. St. Louis is an excellent area to consider investing in residential rental properties. Renters comprise almost one-third of the population and the cost of single-family homes is significantly lower than the national average, making it more affordable for investors. Rental demand is bolstered by a diverse demographic, including young families, retired Baby Boomers looking to downsize, and college students. Parents of college students should consider purchasing a home for their child to reside in while at school; investing in college town real estate can provide numerous benefits and dividends during your child’s educational tenure and long after they’ve graduated.
For commercial investors, the Tax Cuts and Jobs Act of 2017 provides tax incentives to invest in designated Opportunity Zones in St. Louis. You can read more about Opportunity Zones here. Whether you’re interested in investing in a residential or commercial property, Lottmann Realty Group has the knowledge and experience to be your trusted advisor throughout the process. Intrigued about investment opportunities in the St. Louis area? Email me or give me a call at (636) 812-4414 to discuss the possibilities.
Lottmann’s Luxury Lessons for Buyers
If you’re interested in investing in a rental property, think about the type of renter you’d like to attract. This might include students, young professionals, families, or retirees. Purchasing a home in areas that are popular with your target renter demographic will help ensure that you get the renters you want and that your rental property will be in demand.
Lottmann’s Luxury Lessons for Sellers
One of the most important aspects of selling a home is getting it in “move-in ready” condition before showing it to potential buyers. Make sure all home improvement projects are completed and all the finishing touches are in place before you put it on the market, so buyers (or their renters) can settle in quickly and seamlessly.