Home values, prices, population migration, and building permits continue to rise in the NW including WA, OR, and UT markets.
In the markets J2 serves, our clients are continuing to experience:
- Rising home values
- Rising migration rates – jobs, economy, and beautiful place to live
- Rising building permits for new construction – continuing development stimulates the market
All these factors point to the importance of keeping your home values high and protecting your investments with good maintenance, repairs and renovations, and even new construction projects.
Some of this is motivated by homeowners having existing mortgages still under 4%, and with the increase in equity, second loans are a good source for renovations or repairs if necessary. The banks we work with to help fund HOA repairs also recognize this trend and are eager to fund these projects.
If mortgage rates decline, we expect to see more growth and sale activity further stimulating the real estate market values.
We understand that significant repairs cost money, so we have developed ways to fund repairs from several sources in addition to loans.
Here are some free resources to help you strengthen your building's financial health:
- 16 Reasons to Repair All at Once
- Funding Building Repairs eBook
- Condo Project Funding 101
If you are considering a big project,
contact us for a cost-effective solution. We can help you find alternate funding sources.