News

The Singles Market In Apartments

The Singles Market In Apartments

For decades, apartments were predominately rented by married couples. That has changed -the one-person household is in. Investors who can provide the housing that satisfies the needs of the single tenant will stand
to profit. We all know that the number of persons living alone has increased. Figures from the census bureau show that households that contain only one person have increased 90% since 1970. There are now more than 20 million people who live alone, more than twice the number of twenty years ago. This trend is expected to continue.

The Singles Market

Population experts say the trend is caused by a larger number of widows and divorced people and by the decision of more young people to wait longer before marrying. Although the census bureau’s data is not broken down by local areas, demographers say that inner-city
housing is hardest hit by demand for the single tenant. Investments In Singles There are different kinds of residential rental properties that can help meet the growing demand for the housing-for-one:

  • Rooming houses which have common areas (such as television room, kitchen, card room) with a number of individual, private sleeping rooms (sort of old-fashioned for the 21st century).

 

  • Developments which consist exclusively of mobile homes, modular homes, and pre-fabricated homes. The less expensive construction costs will attract many one-person, one-income households.

 

  • Apartment buildings specifically designed with one-person units. Generally speaking, these buildings offer smaller units, more compact units, and more units per floor.

 

  • Townhomes, condominium apartments, and homes with only three or four rooms are investments that attract those one-person households for whom money is not a major concern. The householder may prefer to buy rather than rent or may prefer a more private, secluded
    environment.

 

  • Accessory apartments and echo housing units are forms of modifications or conversions to an existing home. These offer owner­investors a rental income and a higher market value on the basic property.

 

Many experts say that rentals offer young people maximum flexibility and offer older people minimum upkeep chores. Thus, one-person households will tend to be renters rather than owners.

Posted on
Posted in News

Leave a Reply

Your email address will not be published. Required fields are marked *

From us to all of you. Have a blessed Easter!!! https://t.co/4JptFADbWo
Motiva considering buying a third downtown Port Arthur Building https://t.co/kNe65pJAJF
It is Friday, but Sunday, well...it is coming! There is hope because the victory is already WON!!! https://t.co/ngPIkWkonB
Port Arthur port breaks ground on next step toward the future https://t.co/YWzTAaoNo4
Here is a link to the story that the Texas Realtor Magazine did on the William C. Jennings Commercial Transaction o… https://t.co/3RRzXrE65w
Hwy. 90 Commercial Property For Sale - China, TX. https://t.co/N7AAuPJoqE https://t.co/XZZUSs0XWt
The 5 best ways to handle a late-paying client https://t.co/8hMx3Iz44n
Opinion piece on opportunity Port Arthur faces with Motiva purchasing two historical buildings in downtown https://t.co/J0zutCnphQ
How to find new customers for your small business https://t.co/ZvstHqsfFK
TXDOT looking to expand Highway 69 in Beaumont. Definitely needed if you drive in or out of Beaumont to work. https://t.co/ft5iq9OEaR
New Listing For Sale in fast growing Lumberton with over 1,200' of frontage on Hwy. 69/287 (LHS Dr.)… https://t.co/IH7Ha4UHHm
Motiva Enterprises is looking to purchase two historic downtown buildings in Port Arthur. This is fantastic news fo… https://t.co/bf6qTxzwBc
Former Bank Building For Sale in Deweyville, TX. with Highway Frontage https://t.co/HYVoKv8dX8 https://t.co/jWJcGs0q9b
TA Restaurant Group Welcomes Black Bear Diner to Petro Stopping Center in Beaumont https://t.co/tTIf1AlgrU
Key piece in Port of Beaumont expansion opened https://t.co/Zn9KQIcTFP
Historic Jefferson Theatre gets new HVAC unit. https://t.co/o3KPxrzrlX
King's Pharmacy Sells 2 Port Arthur Locations to CVS https://t.co/0zqUjzkXmI
Our newest listing in Beaumont. A 12,145 SF, 2-building office warehouse facility for sale.… https://t.co/bO9rVdKzMC
"The word try, means nothing. There's no such thing as trying to do something. The moment you begin a task, you're… https://t.co/COicYxq4Kv
REDUCED!!! 19,840 SF Warehouse For Sale in Hardin County https://t.co/2x90UoNpyK https://t.co/a7mauJ09se