Cleveland’s real estate investment market is steadily up for 2020.
The growth in the selling price of houses in 2019 does not cease in this year 2020. The steadily rising market maintains its good health. Thibaut Guéant founder and CEO of Invest US shares his vision for the market from 2018 to 2020. In 2018, the average price of a family home was in the range of $50 to $55K. The value of these products increased by almost 8% in 2019.
Despite the epidemic, the market remains stable and the volume of sales does not collapse.
A reasonable growth forecast of about 2% in 2020 remains possible. Homes currently sell in Cleveland in a range of $60 and $65K. The upward forecast confirmed in the first part of 2020 is expected to continue in 2021, Says Thibaut. The amount of rent collected follows the same upward curve. The current average is $900/month, which makes the ratio impressive, more than 15% gross profitability.
This increase in the average price of Cleveland home sales of $10,000 remains excellent news. The market has never been more dynamic and Thibaut and his team are on the top step of the podium when it comes to rental investment.
Our rental management division is also doing a fundamental job here.
This is a point that should never be overlooked. The quality of the management and the relationship the closeness with our investor clients will always be privileged, Thibaut explains. We owe it to ourselves to earn the full trust of our customers.
With more than 8 years of experience.
Thibaut and his team are making your “turnkey” investment Investing in Cleveland has never been easier. Support from the beginning to the end of your project. With Invest US you benefit from the guarantee of having a tenant as soon as the acquisition materializes. Our services bring you serenity with a rent guarantee during the first year. All exchanges are done in your language, the team is fully bilingual French/English as well as our management staf. We can also put you in touch with our accountant if desired. If you ever want to sell your house, we will always be there to accompany you in this process.