The COVID-19 pandemic has seriously affected the USA – the economy has suffered a recession, and many businesses have had multi-million-dollar losses. Real estate has been no exception. Property sales have fallen by almost 40% in some areas, and the recovery will be slow and difficult. Despite this negative situation, smart investors have anticipated the next big trend in real estate.
Properties with green areas such as gardens, greenhouses, terraces, etc. will be the most requested when the pandemic ends. People who have spent the majority of their time in their home recently who are now looking to buy a property will opt for homes with gardens and surrounded by nature.
Invest now and sell later.
Due to the Coronavirus, many areas have seen property prices fall by about 15%; this is bad if you are going to sell, but very good if you plan to invest. The price drop is the perfect opportunity to acquire properties with green areas and resell them when the pandemic ends.
It is a fact that the average American loves the outdoors and fresh air. For this reason, spending so much time indoors due to quarantine will be a determining factor when choosing their next home.
The National Association of Realtors (NAR) supports this theory. It anticipates that in the next twelve months, we will see a considerable increase in property sales with green areas. Furthermore, it is estimated that the average price will rise at least 7% compared to previous years.
If you are thinking of investing, a property with green areas should be your priority. It is time to take advantage of the opportunity and low prices to make a smart investment. At 770 Capital Investment, we offer you the highest quality advice to make your real estate investment a success. Contact us at 770-227-4825; we are ready to assist you 24 hours a day and provide you with high-quality real estate advice!