There will come a time when every real estate investor has to make their first move. Usually, an investor will opt to buy properties within their area. Given the importance of location, starting local is the ideal way to go.
Real estate investors looking into Portland properties should be aware that Portland is an excellent area for investment properties due to the market’s rising value. Here are some tips on how to stretch that investment even further.
Treat it Like a Business
The call for affordable and accessible housing has never been so loud. The pandemic brought economic hardships, which affected the need for safe, comfortable, and affordable housing.
These days, people are looking for more than a house — they’re looking for a home. Ideally, a home that can meet their location, ethical, and aesthetic needs. Naturally, this in itself has formed a series of new and growing trends. When it comes to affordable housing, design is critical.
Green roofs are a growing trend for affordable housing within the city. …
The importance of affordable housing cannot be overstated. Yet, the U.S. is currently facing an affordable housing crisis, which has been made worse by the recent pandemic. People are having a more challenging time finding houses that they can comfortably afford. Worse, there are fewer homes to be found for lower-income families.
Affordable housing goes beyond a personal crisis. It goes beyond families. This is a social and community concern and should be addressed as such. Some steps can be taken to help create more affordable housing for all those that need it.
It Starts With An Understanding
Affordable housing is a term that means attainable by lower or middle-income families, as rated by the official Housing Affordability Index. According to the U.S. government, housing should cost no more than 30 percent of a household’s monthly income. People who fall within the low to medium income range require housing they can afford while still having money for other life necessities such as food, health care, and transportation.
The National Low Income Housing Coalition (NLIHC) educates both lawmakers and the public about the necessity for affordable homes throughout America. …
Many people who rent a house or apartment eventually reach a point in their lives when they consider being a homeowner. Contrary to popular belief, much more due diligence is needed than calculating how big a slice of your monthly paycheck should go towards housing. There is a checklist of determining factors that must be considered before making a giant leap into homeownership.
The first concept to familiarize yourself with is affordability, which is the degree to which something is affordable in relation to how much you can pay. These two constructs go hand in hand, they are not mutually…
When most people think of Portland, Oregon, several images come to mind. Pop culture has defined it as an eclectic, hipster community of freethinkers and artists, with fantastic coffee shops located at every street corner. Geographically, it’s situated spectacularly between the Willamette River and its tributary, the Columbia River, with nature’s border separating Oregon and Washington State.
As Oregon’s largest city, Portland is home to nearly 650,000 residents. Six zones contain 93 neighborhoods inside Portland itself, but if you include the Greater Portland Area, that puts the population at roughly 2.5 million. For people in the low- to middle-class income…
First impressions make a difference with everything: meeting new people, eating food at a restaurant, and deciding where to shop. It logically follows that a first impression will influence a significant purchase, such as a home. Curb appeal is a subjective, personal feeling about a physical item. A property with the effort put into its curb appeal will either have a wow factor or entice buyers to inquire further. At the very minimum, it shouldn’t turn people away.
The world of real estate has many roles and job descriptions, many of which overlap. It is easy to confuse terms like real estate builders, investors, and developers. While they may overlap throughout the course of a real estate project, it’s important to note these are distinct and vastly different positions. There are pros and cons to taking on each of these roles, but a real estate developer is really the jack of all trades of the group.
Real estate developers are in charge of preparing a property or subdivision for the purpose of making a profit through selling or…
Portland is the second-largest city in the Pacific Northwest, just under Seattle, Washington. It boasts a populace of over 650,000 and has routinely been affectionately referred to as quirky and weird because of its magnificent diversity and uniqueness. Regardless of whether you are a young couple starting out, a millennial forging a life path, retirees looking to settle comfortably, or a family looking to raise their children, Portland has something for everybody in an environment full of culture and fun.
Few things are scarier than buying your first home, whether it’s for those purchasing to own or as a way to start an investment portfolio. There are many things to know in the world of real estate, and some things are teachable in a classroom, some are not. The Catch-22 is that the more experience you have about the home buying process, the more successful you will be regarding purchasing your first property, but the very act of buying a first property means the vast majority of people lack vital information. …
Lane Lowry is a developer and real estate expert who currently lives in Portland, Oregon. He has spearheaded multimillion dollar projects throughout his career.