"It's viewed as an ancillary income stream. We see this as more and more renters may prefer to raise a family or live in a single-family home versus an apartment complex or community or building. And so it is part of our Apartment Living group," Toll Brothers CEO Douglas Yearley said on the company's second quarter earnings conference call last month.
However, remember that leasing a property is not the same thing as buying one, and there are certain things that you should look into before you sign the dotted line. If you are searching for a furnished house such as a 2 story house for rent in Colombo or even an apartment for rent in Colombo, a considerable amount of brainstorming will be required. How much square feet space Whether rooms with attached bath rooms One fully air conditioned bedroom with attached bathroom or bedrooms 3 bathrooms with hot water supply Does it have a separate entrance with car parks Whether the ground floor and living room capacity enough, are some of the things that should be looked into.
Foreclosures, however, are now few and far between. Distressed properties — foreclosures and short sales ) — make up just 2% of home sales today, down from a high of 49% in March 2009, according to the National Association of Realtors. The regular existing home market is very pricey, so investors are now turning to a new strategy: Buy new. And suddenly, the so-called build-to-rent market is exploding.