Real Estate: A Sound Investment with Legacy Built
Real estate has historically always proven to be a sound investment, especially when managed by a team like Legacy Built that has never defaulted on a single loan or had an investment fail to meet our expectations. As the years pass and our world changes, the staff at Legacy Built strives to learn how the public is thinking and what real estate spaces will be in demand in the future. We have learned that remote storage is a must-have for roughly 20% of the country’s population, or over 52,000,000 people. Current market estimates state there are around 23,000,000 storage units in the country in approximately 54,000 facilities, many of which have a waiting list to rent any unit that becomes available, making an investment in building new storage facilities a great choice and one that is serving the clients of Legacy Built extremely well.
Why Have A Storage Unit In A Time Of Less Being More?
While less is more is the latest trend inspiring millions to downsize their homes and live a simpler life, Americans are still as sentimental as ever. It is impossible to dispose of family heirlooms, children’s milestone awards and artwork, and things we don’t currently use but are not willing to throw away or donate. In the past, these items went into an attic or spare room. But in smaller homes, these treasures don’t have a place. The simple solution is to pack them carefully in boxes or tubs and place them in a storage unit. It solves the time-consuming cleaning or dusting of these mementos without the emotional trauma of eliminating them entirely from our lives. Today’s population sees a storage unit as a huge safety deposit box for items they don’t want or need to see daily but cannot part with.
Broadening The Legacy Built Horizon
Americans work hard for their money and believe they deserve to enjoy the fruits of their labor when they are relaxing. For millions, that means hitting the water on one of the 17,000,000 recreational boats in the country or relaxing in their RV along with the other 11,000,000 households that own recreational vehicles as their second home or vacation home on wheels. But the downside to this hardworking lifestyle is that most have little time to enjoy their boat or RV due to long hours at work and the ongoing trend of overcommitting on activities and responsibilities.
The second challenge associated with large and luxurious toys is where to put them when not in use. No one wants to fill their driveway with a boat or RV. In most areas, the homeowners association is sure to frown on these large features that many consider to be unattractive when parked in a neighboring yard or driveway. So, owners typically resort to locating a safe and secure boat and RV storage facility to ensure the safety of their rarely used asset.
The Demand Is Clearly Far Beyond What Is Available
Currently, the United States has just over 11,000 boat and RV storage facilities housing just a small fraction of the units in use part of the year. Much like the storage facilities, there are often long waiting lists to rent a space that will accommodate these large vehicles. As neighborhoods become more restrictive about what can be seen from the street or stored on private property, the demand for boats and RVs will only increase. Combine that motivation with increasing crime and destruction or defacing of property in many areas, and boat and RV owners are more than happy to pay top dollar to put their prized bass boat or motor coach behind a massive fence in a gated and secured storage facility.
The need and demand for storage units and RV or boat storage are clearly not being met. While this presents challenges for many, it also presents a significant opportunity that Legacy Built has recognized. We are here to see that those savvy investors who appreciate our vision are prepared to capitalize on this trend and are rewarded with greater-than-average returns on their investments.
Please contact Legacy Built today to learn more about this unique and very profitable real estate investment strategy that our experts have honed over the past four and a half decades.
