All Forum Posts by: Cole Baker

Stainless steel is still the most popular. White would seem to go in the more cottagey old fashioned homes, while Black seems (to me) to be more modern.

There are also different shades of SS available, like gray and bronze, depends how expensive you want to get....

Stainless really isn’t much more expensive and looks a lot better.   Kitchens and baths are major selling features and you want to make a good impression. 

Stainless steel is still the most popular. White would seem to go in the more cottagey old fashioned homes, while Black seems (to me) to be more modern.

There are also different shades of SS available, like gray and bronze, depends how expensive you want to get....

Vacancy rates is something you want pay attention to because they indicate a significant factor when it comes to determine good deal or not last few years. We’ve seen some very low vacancy rates which means more income per unit. If you have older units, new construction in the area, will have an even bigger impact. For instance, if you’re looking at buying older units and tenants have an option for a brand new apartment complex, with outstanding amenities, they could choose the latter. The increase competitiveness would cause you to have to update your units. And that costs more money. You’d be wise to look at migration rates, diversity/resiliency of the economy. Income to rent ratios, and yes, lower vacancy rates, Best of luck! 

More units being built in a market with rising vacancies should lead to the vacancy rate rising even more drastically over the next 5 years.

Look at migration data for your market. That'll help tell the story.

In my market population has been growing ~1.5%-2% for the past 10 years. This means more people are moving here than there are people leaving here (and dying). And this has caused low vacancies and rising real estate prices.