September 5, 2014 Rental Housing Update. Available Rental Units in ‘inner’ Upper Valley 10,000 Rental Units in the Upper Valley.

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Presentation transcript:

September 5, 2014 Rental Housing Update

Available Rental Units in ‘inner’ Upper Valley 10,000 Rental Units in the Upper Valley

Initial occupancy

Available Rental Units in ‘inner’ Upper Valley 10,000 Rental Units in the Upper Valley

> 600 apartment units Report < 1% vacancy

I’m a young professional finally out of school and starting my career seeking a clean well maintained studio / 1 BR apartment close to work because I’ll be too tired to drive home I want to consider all available units but once I see how much it costs to rent, I may opt to buy a modest condo if I can qualify for a mortgage.

YOUNG PROFESSIONALS rental priorities are … 1.LOCATION (proximity to work & social sites) 2.AFFORDABLE (utility costs, internet) 3.PET FRIENDLY (increase weight limit) 4.STUDIO/1BR UNITS IN GOOD CONDITION 5.WASHER/DRYER IN UNIT OR ON SITE 6.AMENITIES (fitness, pool, etc.) 7.RECREATIONAL OPTIONS 8.SECURED STORAGE 9.COVERED PARKING 10.TERM OF LEASE

I’m an senior professional nearing the end of my career with some good employment opportunities and/or we seek to retire near our children and grandchildren. We are able to buy but will opt into short term rental until we can understand our options in this complex real estate market. We want to make the right decision!

SENIOR PROFESSIONALS rental priorities are … 1.TERM OF LEASE (prefer short term) 2.CLEAN 2 BR UNITS IN GOOD CONDITION 3.LOCATION (proximity to work & social sites) 4.COVERED PARKING 5.WASHER/DRYER IN UNIT OR ON SITE 6.AFFORDABLE (utility costs, internet) 7.PET FRIENDLY (increase weight limit) 8.RECREATIONAL OPTIONS 9.SECURED STORAGE 10.AMENITIES (fitness, pool, etc.)

CLEAN UNITS IN GOOD CONDITION CLOSE PROXIMITY TO TOWN CENTERS AFFORDABLE – UTILITIES COSTS LAUNDRY IN UNIT or ON SITE “A PLUS” COVERED PARKING “A PLUS” PET FRIENDLY “A PLUS” FLEXIBLE LEASE TERMS “A PLUS” AMENITIES “A PLUS” DEVELOPERS TAKE NOTE!!

The Upper Valley Housing Coalition strives to stay updated on workforce housing needs to better understand how they relate to the vitality of our community, by reaching out to organizations such as, Realtors® Upper Valley Young Professionals Partners for Community Wellness - DH because it’s not just about housing….

It’s the environment & four season recreation

And folks of all ages who live here to enjoy it!