For many families adversely affected by the real estate and economic downturn, home ownership is no longer an option due to recent foreclosures or short sales marring their credit reports and balance sheets.
By creating high quality rental homes from otherwise distressed properties, Carney Properties & Investment Group is providing a missing component of today’s housing market and filling the gap between traditional apartment complexes and home ownership.
Instead of relying on historical credit scores in our tenant eligibility screening and focusing more on current employment and prior criminal background checks, we are allowing credit challenged families to maintain a real “home” for their children while simultaneously improving the condition of the home and the surrounding neighborhood.
What often amazes us the most is the collateral renovation effect that renovating one or two homes has on an entire neighborhood. When neighbors see a home being improved to our standards, they feel compelled to improve their own home. On any given Saturday, while our crews are still working, we’ll see neighbors out trimming long neglected landscaping and asking our painters for business cards.
Each improved home not only benefits the family that lives there, but the property values and overall neighborhood pride of several surrounding homes.
Turning the tide of hope in a neighborhood is just as important as credit reports and appraisal values. Private industry can positively change an entire market. With over 1,500 homes improved to date, our efforts help push up appraisal values and return severely distressed markets to much more stable and positively trending conditions.
