Franchise Spotlight: Property Investment
Real Estate investment trends show that this is a sector teeming with possibilities, with a wealth of franchise opportunity.
Residential real estate was a sector which was extremely resilient during the 2020 health pandemic. Although sales slowed early on, the market picked up again quickly with over 5 million homes being sold in 2020, a 5.6% increase from 2019 (Zillow). This is good news for those looking to make money from investing in, and renting out or selling on, properties.
Record breaking figures in real estate sales have made property investment an exciting sector of which to be a part. Although the initial franchise investment can be high in this sector, the benefits of working under the umbrella of a recognized brand will be worth it. Consumers look for familiarity and reassurance when investing in property.
Franchises such as HomeVestors offer expertise in the real estate investment business, providing a wealth of knowledge, support and contacts for those starting out in this sector.
Property Investment Industry Analysis
A franchise can be a great option for those who are keen to break into the real estate investment industry, but feel daunted by the challenging and competitive market. The 2020 health pandemic saw a surge in people looking to move to more suburban areas, following the work from home orders, and this in turn created a quick increase in sales and property movement.
If you’re interested in the exciting prospect of a ‘fix and flip’ investment (buying a property which needs renovation work done and then selling on quickly for a higher price) then the lower mortgage rates which followed the pandemic will certainly be worth considering.
The housing market can be quick to change which may unsettle some investors - this is where a franchisee will benefit from the expertise and support of an established company. Initial investments can be high so consider the financial risks you are willing to take before approaching this competitive market.
This fast-paced sector can be a hugely rewarding industry to be a part of for those who enjoy selling, building good customer relations and are ready for a thrilling challenge.