Kiavi Real Estate Investor Survey Reveals Inflation Pains, Renovation Gains and Need for Technology

SAN FRANCISCO , April 14, 2022 /PRNewswire/ -- Kiavi, a leading provider of financing to real estate investors (REIs) today announced the results of its Q1 2022 Real Estate Investor Survey1 focusing on renovation trends and top concerns for these investors. According to the survey, 66% of REIs said inflation had the biggest impact on their investment projects in 2021, followed by 61% who said supply chain, with rising interest rates (60%), access to capital (57%), and low inventory (57%) impacted their investment projects. When asked what were the top concerns for real estate investors in 2022, 65% are still most concerned about inflation followed by 63% indicating rising interest rates were top of mind with them and 58% said that access to capital is critical. More than one-third of the respondents reported using technology to assist in locating and financing properties. REIs also said they were most likely to renovate the kitchen, and that kitchen renovation nets the highest ROI. A total of 503 REIs from age 18 to over 75, who are not Kiavi customers, responded to the survey.  

  "It is no surprise that inflation is top of mind with real estate investors as I think that's the case for most Americans today. Even still, we're seeing our customers continue to identify smart investments and make good decisions. With over two thirds of U.S. homes 30 years old2 or more, REIs will continue to play an important role as they revitalize aged homes and make them move-in ready for millions of families across the country," said Michael Bourque, CEO of Kiavi. "I am also not surprised to see some of the pain points that REIs face today. The real estate industry is ripe for digital disruption. Oftentimes the processes are opaque and paper heavy. And with our technology and data, Kiavi is truly bringing real estate investors into the digital age. As we continue to grow and bring products to market that meet the needs of our customers, we hope to make the process even more efficient."