When you think of real estate investment, you may think of buying a second home in a popular vacation spot to enjoy and rent at your leisure, or of people scoring large profits by “flipping” houses. However, you should also consider the potential of investing in apartments, and particularly, in luxury apartments. As more and more people are moving from single-family homes and adopting apartment living, this is a growing investment opportunity. Arclin TFL is an ideal component in your apartment investment strategy.
Why Apartments?Why Luxury?
A well-documented trend in the housing market is that more people – from Baby Boomers to millennials – are forgoing home ownership and looking toward rental properties for their places of residence. Whether renters are looking to free themselves from home maintenance responsibilities or seeking the freedom to travel more often from a less-restrictive home base, apartment living is on the rise. At the same time, the cost of building new apartment complexes is growing more expensive, leaving the door open for savvy investors looking to buy existing buildings.
Modern apartment residents are not looking to sacrifice luxury in style and amenities. Contemporary renters expect the same quality materials and thoughtful design details that, in the past, were largely restricted to homes. Investors who can locate housing units in good locations at bargain prices and renovate with quality materials and amenities can expect excellent profits.
Bringing luxury to apartment settings is simple with Arclin’s residential TFL products. For example, copper elements and accents are very popular, providing warmth and comfort to design palettes. Arclin TFL’s Midtown Collection provides options that speak to this aesthetic. Plus, all TFL products provide consistency and durability to ensure product longevity – your TFL-decorated rental properties will look as good to your fifth renters as they did to your first. In fact, your tenants will also enjoy Arclin TFL’s easy to clean and maintain surfaces, allowing them to keep their apartments looking great with less effort. Please visit our design page for more ideas on your investment property options.
While apartment life has historically been viewed as an option chosen by younger people, new trends in real estate reveal that older adults are now the fastest-growing segment of renters. A need for affordable housing options, particularly in the wake of the recent economic recession, is a strong motivating factor. But, Baby Boomers (born between 1946 and 1964) aren’t merely seeking a less-expensive alternative to traditional single family homes: they want spaces with services, amenities, and style. With more than 5,000,000 Baby Boomers predicted to rent their next living space by 2020, Arclin is poised to provide the safe, convenient, attractive product designs required by those designing and building the next generation of rental properties.
Rental homes offer Baby Boomers convenience: less yardwork, house cleaning, and maintenance obligations gives renters more freedom, and may be particularly appealing to who are looking to downsize both their belongings and their time commitments.
While the advantages of access to resources for repairs and upkeep of their properties is a significant benefit, these renters are also looking for spaces created with materials that allow for easy day-to-day living. Arclin’s decorative overlays for TFL are ideal: germ-resistant, low maintenance surfaces that promote clean environments. At the same time, TFL provides the rich style options Baby Boomers desire in their homes: warm, light palates such as Candlelight Apple or Hard Rock Maple demonstrate that healthy surfaces don’t need to look sterile.
Another great advantage to apartment living for Baby Boomers is the opportunity to expand their social circles – many rental spaces include recreation areas and options that encourage tenants to forge friendships. This can be particularly desirable to “empty nesters” who may not live in the same area as their children and grandchildren.
Taking advantage of social opportunities can make settings conducive to hosting and entertaining a strong priority for Baby Boomers when they are considering apartment options – something architects and interior designers should keep in mind. Cabinets, furniture, and shelving in a broad range of color and design choices – from Skyline Dusk to Galaxy White and others – can create attractive, inviting, easy-to-clean spaces for renters and their guests. Arclin designs are ideal for the spaces this growing population want, and the design and architecture professionals working to accommodate them.