Impresa Modular Pro’s Post

Apartment Construction Projected To Reach Historic Highs In 202 The Big Question is how many office retail & malls will impact the smaller landlord with a flood of fresh rentals to there markets https://lnkd.in/etEtPZFX

Here's the part of this article that gets me: "The majority of apartments that have been built in the past five years are high-end and primarily target upper-middle-class and upper-class renters. Renters in smaller regions may still have few inexpensive options due to the concentration of new apartments in the main U.S. metro areas and the emphasis on high-end residences." How many of these luxury loft complexes are going to end up getting squeezed for lack of demand and have to lower their rent anyways? Are they prepared for that?

This is a great explanation about home building and the difference between a offsite modular process and an onsite stick built process.

Offsite Construction: Blue Ocean or Disruptive Innovation Strategy? Offsite modular home building construction is best characterized as a "Disruptive Innovation" strategy rather than a "Blue Ocean" strategy when compared to traditional site-built home construction. "Disruptive Innovation" refers to a process where a simpler, more affordable product initially targeting a niche market eventually disrupts an existing market. Offsite modular construction fits this model as it started as a niche construction alternative, offering a more cost-effective, efficient building process, and is now increasingly challenging the traditional construction industry. In contrast, a "Blue Ocean" strategy involves creating a completely new market space, making competition irrelevant. While offsite modular construction offers innovative approaches, it still operates within the existing market of home construction, aiming to serve customers with similar needs but with more efficiency and cost-effectiveness. It's not creating a new market, but rather revolutionizing and potentially overtaking a segment of the existing one. What examples do you see of "Disruptive Innovation" within the home building industry? Would like to hear your comments below. Off-Site Home Construction for a Better World. 🌍 Learn more about the future of off-site construction at: https://bit.ly/41m6DkI #offsiteconstruction #constructioninnovation #futureofliving #housingtrends #btr #modularhomes #homeownership #realestate #homeinnovation #prefabhomes #manufacturedhomes #affordablehousing #manufacturedhousing Steve Payne Ken Semler Jennifer Porter Carlee Daniels Wade Lyall Michael Tweden Jay Ciokajlo Ron Garcia Stephen D. Scandura Tammie Davidson John Jacon Zach Shea Chris Miller David M. Hancher James E. Johnson David Reed Chris Nicely Nolan Browne Gary Fleisher Audree Grubesic Nick Mora Daniel Small, ME, MBA, LSSBB Jefre Outlaw Genesis Homes USA Tracy Hopkins Kristina Samojedny Bryan Phelan Steve Reyenga Gary Eagleton Darin Zaruba Madelyn Kerby Kevin Lockhart David Roover César Mascorro, Jr Bobby Campbell Richard Krebs Tom Hardiman, CAE Suzanne S. Felber, Lifestylist®Amy Marks Andrew Seelye

I've done a lot of manufactured home appraisals in Central TX over the years. On occasion there are some well-kept ones, but my guess is that probably 80% of them are not well-maintained and so tend to depreciate pretty quickly. I think that -- much like site built homes -- many entry level buyers don't understand the cost of upkeep and so don't factor that in to their budgets. I've heard a rule of thumb that I think is pretty realistic; expect to spend 2-4% of your homes value every year on maintenance and updating. The lower side is for newer or recently remodeled homes, and the higher side for older, less updated ones. My first house was about 10 years old when we bought it for about $265,000 (many years ago. So based on that rule I would have spent about $5,000 in those early years, rising with the value of the house. Between kitchen and bath remodels, new flooring, interior and exterior paint, a small addition, landscaping projects, HVAC replacements, etc, I hate to think about how much was spent, but those figures seem about right. I also did an appraisal once on a house where the owner NEVER spent any money on repairs; he just let it go and lived with it. Roof leaks, trees growing into the roof, damaged floors, non-working fixtures, etc. It was a mess (and he was a lawyer, he had the money). After doing that appraisal, I spent some time calculating how much the house would have been worth if he had properly maintained it, and the cost of those items over the years. I think the cost was somewhere around $90,000, and the lost value was well over $200,000. So the math works out to keep them in at least average condition. Small problems that are cheap to fix turn into much larger problems if not addressed... https://buff.ly/4byMzzd

The age old question of New vs Old. Check out our latest blog here where we discuss the benefits of purchasing a new build property. #newhomes

Unlocking Higher Value at the Lower Level: A Strategic Approach to Basement RenovationsIn the August 2023 cover story for Canadian Contractor, I shared insights into the transformative potential of basement renovations. As the housing landscape evolves, so does the approach to maximizing the utility and value of every square foot in a home. #Basementapartmentdesign #basementdesignservices #Basementrenovations #Basementrenovationsnearme #BasementrenovationsToronto #Bestbasementcontractor #completehomerenovationstoronto #designandbuildtoronto #homerenovationbudget #homerenovationstoronto

The recent GrowthSpotter article highlights a significant shift in Orlando's build-for-rent market, which is now showing signs of cooling after a period of rapid growth. Factors such as rising interest rates and increased construction costs are impacting developers' strategies and potential renters' decisions. As a CRE development company, we stay attuned to these market dynamics to ensure our projects meet current demands and navigate market fluctuations effectively. #PLD #BuildToRent #Orlando

At the end of last year, developers began building just under 4,500 new apartments. That represents a drop of 42% in the number of new rental homes started compared to two years before. Real estate experts agree that rent prices should continue to drop as thousands of new apartments that builders began constructing during the boom become available to lease. While building has slowed, developers can't halt mid-project. https://lnkd.in/gvm2jjK4

Developers Javier Sanchez, Marianna Parra Villegas, and Adriana Ortega are bringing innovation to Goulds with a proposed 44-unit multifamily project! Here’s what you need to know: - The six-story Horseshoe Cay Apartments will offer workforce apartments, addressing the demand for affordable housing in south Miami-Dade County. - Designed by CF Architecture, this development aims to provide one-bedroom and two-bedroom options, with 10% of units priced for the workforce. What are your thoughts on this new addition to the evolving residential market? #realdeal #multifamily #RealEstateNews #capitalmarkets #MultifamilyHousing #RealEstate