Factual Information That You Should Be Aware Of When It Comes To Mixed Use Property
When we say mixed-use property, we are actually referring to buildings that contain a wide variety of commercial and/or residential uses in which, no individual use can account for more the fifty percent of the said property. The gross floor area of mixed-use property should include all spaces that are within the building such as the following: stairwells, elevator shafts, mechanical rooms, atriums, lobbies, residential units, hotels, administrative offices, and commercial and/or retail areas, to name a few.
Now, for those of you out there who are thinking on investing in mixed-use properties at https://assetsamerica.com/lines-of-business/multifamily-loans/, we want you to know about some of the potential reasons why it is best to invest in these kinds of properties. One of the reasons that we have here on our list has something to do with mixed-use properties being close to living spaces and the neighborhood. According to research that was conducted on it, it goes to show how more than fifty percent of people around the world would prefer to walk or use a bike if given the chance. It shows how the same percentage opted to invest in mixed-use properties.
Another good thing about choosing mixed-use property is the fact that the different uses it offers can work perfectly well together. it is normal and natural for office workers and even hotel guests to go to restaurants and retail shops during their breaks or during meal times. As for shoppers, they can grab a bit to eat or even see a movie, if an opportunity arises. All these things can be achieved with a mixed-use property. With the said property, you are giving people the chance to enjoy more of what they want and what they need, hence, they will choose to stay in your property and invest from this homepage as well.
There are other reasons why it is best for you to choose a mixed-use property to invest to like how you can get a much greater return on investment from it. You have the freedom of charging more rent on the commercial properties as well as on the mixed-development properties that you have. According to a study, the normal commercial lease rent is six to twelve percent of the original purchasing price of the property while residential leases are one to four percent of the original purchase price. Just imagine how much money you can get from all these things. Know more facts about loans at http://www.ehow.com/how_5968570_price-commercial-loans.html.