After a few rough years, the North American economy appears to finally be firmly on the rebound. This means more jobs, more retail sales confidence, and more real estate investment. Because the exact trajectory of the economy is unknown, many companies still choose to hire temporary employees to mitigate the inherent volatility of the markets. Companies also can save money by letting a staffing franchise deal with human resources logistics and benefit packages. The real estate and development industry is no different, and there are many reasons why today is a great time to invest in a real estate staffing agency. Luckily, there are lots of franchise opportunities available, and here’s four reasons why you should consider buying into one.
1. Rising Home Values
Because of the housing crash in 2009, many home buyers owe more than their homes are now worth, which eroded consumer confidence and slowed the market. After the crash, less development took place. Of course, this has created some tension in the market, but now with increasing confidence, the need to sell and develop is predicted to surge forward. Values are rising, and there is demand for houses, apartments, and condos that is ready to explode as the economy grows along with the population. When that development comes, rigidly staffed companies won't be ready to deal with the volume, so they will need to go to a staffing franchise to quickly fill job slots so they can stay in front of the curve on developing houses and multifamily dwellings like apartments and condominiums.
2. Growing Opportunities
Investors might also consider putting time, energy, and financial investment towards a staffing agency because they are needed in many places. There is always an ebb and flow of jobs in different places since the U.S is such a big country. Franchise opportunities for temporary agencies exist in many southern and southwestern states, which is, of course, where much of the economic growth in the country occurs, from Georgia and Texas out to Arizona and California. Follow the warmer weather, and you will find great opportunities.
3. More Need for Temp Workers
More than other temporary employment agencies, one specializing in the real estate industry can offer a variety of professionals to work on a given real estate development project. This might include mortgage experts, sales agents, or leasing consultants. Once a development is complete, a property manager can be hired to deal with the day to day facilities and renter issues. From the brainstorming of the original idea to that ongoing maintenance, a temporary hiring service can take care of your job needs, even as they change. It's one more reason some people should seriously consider looking into franchise opportunities in real estate staffing.
4. More Construction
The five year trend in apartment construction also might make one think about working with a staffing franchise opportunity. These companies are the ones who will often fill a crew, get a project manager, or close the deal. Over the past five years, an average of 200,000 apartment homes have been built annually, a very healthy number indicating a confidence in the economy for the real estate sector. Much of the construction labor force has to come from a local area staffing franchise.
Obviously, there are many reasons to consider the merits of a temporary employment agency or staffing franchise. They can help companies quickly deal with the cyclical nature of job demands in the real estate development market, and investing in such a firm could be of great benefit.