"Apartments, compared with other asset property types, have a strong performance history and will likely continue to outperform in the foreseeable future."
- Elizabeth Miller, Appfolio
We have all had a front row seat to the construction craze this season. The Flathead Valley's construction statistics are second only to Bozeman with regard to growth in the state of Montana. However, this frenzy has created some pretty high construction costs. Developers have had some issues keeping project budgets within the acceptable limits once the General Contractors have turned in their bids, but the projects continue to get off of the ground. With general housing inventory down from prior years and a rapidly growing communities in places like Kalispell, Bigfork, Whitefish, and Columbia Falls, we have seen an explosion in multi-family construction.
In addition to meeting a community demand, new research shows apartments are proving to be a real estate investment that outperforming other property types. Take a look at this article from AppFolio's Blog explaining the fuel behind the multi-family boom.
Frontier West Properties is a fully-licensed and insured property management company serving the Flathead Valley. We are proud to support the commercial, residential, HOA, and property maintenance needs of our customers in Bigfork, Columbia Falls, Kalispell, Whitefish, Somers, and Lakeside.
For more information, call 406.249.3257 or visit our website at www.frontierwestmontana.com
Owning a rental property involves a whole new skill set. Staying current on market issues and trends is even more challenging. Here are some resources that you might find handy.