Painting Houses Stay Busy with Housing InvestmentsThe New York Private Equity firm has kept the painters in Tampa Bay quite busy with their most recent $3.5 Billion investment in the housing real estate market. Having suffered the largest set back in housing post the 2008 economic melt down, Tampa has been experiencing the investment capital as firms like Blackstone are making a huge bet on the next upturn.
(Newswire.net—April 19, 2013) Tampa, FL—There are certain professions that are a pretty good indicator of the economy such as landscapers and painters. It is these contractors that are sought out immediately as housing ownership changes hands and requires fixing up for new tenants that want to rent. The painters are seeing their lion’s share of the work as investors in these homes look for rapid occupancy.
There also seems to be a very strong camp of residents that are convinced that home ownership will never be a part of their lives again. Renters for life while private equity players like Blackstone make their money on huge econometric bets that require years to cash in, but are well worth their while as they wait.
With the Spring weather approaching, the painting industry is scrambling to get as much work completed as they possibly can. Regardless of whether ownership or “rentership” prevails, people still need shelter and a place to live. The painters have their brushes on the pulse of this burgeoning marketplace. The one aspect of entering a new home is the fresh coat of paint that always spruces up the entire home. The smell of a new coat of paint gives the entering inhabitants that sense of a new home with a new start in whatever their endeavors or life changes might be.
The investment firms value these painting contractors in Tampa and its outskirt towns such as Wesley Chapel, Lutz, Land O Lakes, and New Tampa, since their ability to demand market rents depends upon their ability to liven up the dwellings. Therefore, the painters are playing an increasingly larger role in turning the rental inventory that with each turn, can get better and higher prices for their owners.
Contact E&R Quality Painting for the best professional painting practices, contact
E&R Quality Painting 31112 Chatterly Dr Wesley Chapel, Fl 33543
http://www.housepaintingtampa.org (813) 295-4294
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