Experts predict an economic slowdown in 2019, with the housing market creating a drag on the economy. Given past real estate trends, an anticipated increase in housing prices, and a possible rise in mortgage rates, we may continue to see increased demand for housing in a decreasing supply-driven market. Providers looking for residential homes in 2019 may want to consider a better strategy for mitigating risk than simply acquiring properties: leasing. In this month’s blog post, we cover two approaches to evaluating how leasing can mitigate your risk as we head into the new year.
An Operations-Based Approach
One of the greatest risk factors to creating strong growth in 2019 is to ensure that operations are running as efficiently as possible—both in terms of time and money. When evaluating how leasing can mitigate risk to your operations, here are some key considerations:
- Leasing through CapGrow offers greater flexibility with regard to staff operations. Instead of using valuable staff time to hunt for properties or work with Realtors, we will narrow down the home search for your organization and handle all the communication and negotiations with the Realtor and sellers throughout the home buying process.
- Leasing with us also means you don’t need to look to a bank to acquire financing, because our funding is already secured. This saves staff and provider time, while ensuring you can move quickly to acquire the right property and have your operations up and running in the home as soon as possible.
- Leasing enables accelerated growth. Because your finances and time are not locked up in locating, negotiating, purchasing, preparing, and maintaining a property, you have the ability to focus on your big plans for growth in the new year.
A Risk Management-Based Approach
Strong risk management takes factors into account that can reduce financial tension and determines how to reduce risk by taking alternative measures. Here are some ways leasing can mitigate common risk concerns:
- Most providers are not real estate experts, nor should they be. Navigating the ever-changing real estate market to find the right home can be an overwhelming and difficult task. When choosing to lease with CapGrow, our real estate experts are able to help providers navigate the housing market efficiently.
- Financial resources are known to fluctuate, and accurate allocation of those resources is essential to protect the people you employ and support. Buying community-based housing can tie up your valuable financial resources; however, leasing homes from us can help your organization’s growth by freeing up the capital that would otherwise be sitting in that housing.
- What happens if the home you purchased is no longer what you need? Figuring out how to sell a home that may already be remodeled to fit the needs of the individuals living there—and manage the time and money associated with selling a home—creates unnecessary stress. Leasing with us ensures you can let go of a home that may no longer fit your organization’s program or suit the individuals who are currently living there, without sacrificing time or money.
If you are considering leasing a home in 2019, we are the perfect “one-stop-shop” for your needs. To talk more about our lease solutions or to learn more about our partnership benefits, contact Dené Sanchez (773-329-4678) or visit our website.