Property Investing Trends: Trend # 5: Downscaling
Hello wonderful people!
Here is your weekly dose of inspiration, education and a list of what I’m enjoying or pondering.
PROPERTY INVESTING TRENDS: Trend # 5: Downscaling:
Of course there are many reasons people are choosing to downscale in this economy. Let's have a look at the three top reasons:
1. Budget: People are living form pay cheque to pay cheque, struggling to make ends meet. Living in a large home means increased utility bills, increased cleaning costs, increased maintenance costs. Don't forget you need more 'stuff' to furnish your big home! As a result, realisation is dawning that downscaling is a massive money saver which contributes to growth of this trend as people struggle to make ends meet.
2. Minimalism: Minimalism is a major global trend impacting home owner property choices since owning less, waaaay less, means you need a smaller space to live. Less clutter, less maintenance, less cost.
It also makes it really easy to be mobile and move frequently, no more being tied down to one large home for life!
3. Environmental impact: With climate change, people are altering their lifestyles and this is reflecting on the homes they choose. A smaller space reduces the carbon footprint and cuts down drastically on energy consumption.
What does this mean for you as a property investor? Focus on smaller buy to let units which cater for this trend. Make sure your properties are as green as possible (click here for more on green living from an earlier blog)
As professional property investors, we aim to buy average homes for average people earning average incomes and this trend works beautifully with that plan!
Now get out there and take advantage of it!
SKILLS FOCUS: Lead without a title!
“Leadership is less about the position you hold than the influence you have. It's about doing world-class work, playing at your peak, and leaving people better than you found them. It's about Leading Without a Title.” ~ Robin Sharma
To Lead Without A Title is to dedicate yourself to creating a rich and constant stream of value for every person you get to serve. Regardless of what you do within your organization and the current circumstances of your life, the single most important fact is that you have the power to show leadership. Wherever you are in your career or life, you should always play to your peak abilities.
In our interconnected world of social media and disruption, there has never been a better time to impact and influence others. How are you using this power? Are you using it to LEAD? Or are you just following?