Hayer One Property Management

Owning a home is now a possibility even for low income earners. Hayer One, is a small home and apartment property management firm that provides essential services to new homeowners. And when choosing between a home and apartments, they have a criteria that clients follow to make an informed decision. Before you choose the kind of residence you want, experts at Hayer One help new homeowners to consider relevant criteria.

Apartments

But before you choose whether to choose between a home and an apartment, it is first important to understand the difference in prices of apartments or homes. For starters, if you need to buy an apartment, the price will entirely depend on the address, its location, and state of housing. Another thing you need to consider is the budget of co-ownership. Ancillary costs such as transfer taxes can affect the price of the apartment. As a buyer, Hayer One will help you design a tailored budget to cover these expenses.

Home

Hayer One property management can also help you to own your first home. Essentially, the price of the house will be taken into consideration by a few factors. Some of the factors include size of the compound, presence of swimming pool, distance from residential amenities like schools and hospitals.

As far as several types of real estate is concerned (house, apartment, furnished studios, etc) on which you can make substantial investment, Hayer One has been struggling financially due to the recent COVID-19 pandemic. For instance, the epidemic has made it difficult for the firm to sell their apartments as more people are cash strapped at this difficult time. Since most people have lost their jobs in the wake of the coronavirus, the firm has seen a drop in sales of home and apartments.

Rental holidays now also face significant losses due to the epidemic and translates to lost income if you had made an investment. Hayer One, therefore recommends investing in apartments since they have lower risk of property degradation because tenants usually stay longer. Tenants are more inclined to take proper care of their homes. Another reason you should invest in an apartment complex is that since it will be rented to more people, you no longer need to deal with the risk of unpaid rent.

According to this growing property management firm, owning an apartment certainly has a few advantages that need to be emphasized.

As mentioned earlier, the price of an apartment will depend on several factors. It will depend on the state where you decide to invest in rental apartments, proximity to urban areas, etc. Depending on the apartment you want to invest in, diverse common features to look out for include garden, swimming pool, gym, tennis courts, etc.

Rental houses are more ideal

Experts at Hayer One now suggest that approximately 80% of the population prefer to own a house. In fact, more than 50,000 families are actively seeking for a home to rent. Unfortunately, demand is still higher than supply and most people are having difficulty finding affordable rental accommodation. But owning a home in an attractive location is much more profitable than an apartment. What’s more, buying a home brings stability.

Investing in rental houses

If you decide to invest in a house, you will enjoy peace of mind. In most rented houses, tenants usually stay longer, and that means you never have to worry about unpaid rents. In addition to regular rent payments, rental reports are also more likely to be healthy and peaceful. Additionally, the families are likely to appropriate the home over time by maintaining it properly, resulting in low maintenance charges in the long run.