Everyone's ideal home is different. Age, family size, budget, and location all factor into the home buying process. Here's a brief look at the types of properties that attract different people.
Apartments
Apartments are usually a stepping stone for young professionals as they save up for a home. They are also convenient for people who move often and don't want to go through the hassle of buying and selling a house. Having maintenance services, various lease options and on-site amenities are strong selling points. Location will play the most prominent role in rent prices and demand.
Ranch-Style Homes & Smaller Houses
Single-story homes, condos and townhomes make solid starter homes for young professionals and couples. If the home is in a reputable school district and/or close to shopping centers and major roadways, it will attract buyers of all ages. Two houses with the same design and square footage will command very different prices and interest depending on the location.
Homes with Large Yards
These types of homes are ideal for families with kids and/or pets. Older buyers who enjoy privacy and quiet will also appreciate the acreage. Many buyers will gladly choose a smaller house with a large yard than the inverse.
Larger Homes
Higher end homes will mostly attract buyers far into their careers who have significant savings. Depending on the location, these homes will often meet with either high demand or stay on the market for a while. High-end homes sell best in a high-income area and will have a niche market in a less affluent neighborhood.
Office Buildings
Companies and small business owners rent offices to grow their operations. Successful enterprises often result in multi-year leases.
Retail Properties
From downtown storefronts to large shopping centers, retail properties can serve as everything from grocery stores to hobby shops to restaurants. The landlord may also receive a percentage of the property's sales on top of the monthly rent.
Mixed-Use Commercial Properties
Multi-story commercial buildings are often home to various businesses. You might see a shoe store next to a dentist with a corporate office above and a restaurant below. These properties are usually bought by experienced investors with substantial assets. They will then rent the space to various businesses as a way to diversify their portfolio and hedge against risk.
Whether you're buying or selling, it pays to choose the best option based on your situation. Having an experienced real estate agent on your side can help you secure a great deal in any neighborhood.
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Table of Contents
Things You Need to be Pre-Approved for a Mortgage
Which Moving Company Should You Use?
What to Look for in a Foreclosure Deal
What Does That Mean – Mortgage Type
Mortgage Loan Rejection: What Next?
Pennywise Moves for Retirees
How to use Natural Lighting to Enhance Your New Home
5 Factors to Consider Before Purchasing a Vacation Home
5 Tips for Families Living on One Income
Tips for Dealing With a Debt Collector
Advantages of Using Furniture Pads When You Move
First Time Home Buyers’ Incentives
Get Rid of Dark Spaces
Some Compelling Reasons to Start a Home Garden
Thinking Outside the Box Lamp
Novice Moving Day Mistakes and Expert Solutions
Should You Install Skylights?
Are You an Ambitious House Seller?
Prepare for a Home Search
Apps for Monitoring Your Energy Use
Pick Up a Smart House Device Without Breaking Your Budget
Why You Should Be Cautious About Home Size
Should You Buy A Home Outside Of Your Budget?
Things You Need to Consider Before You Host a House Showing
Reasons to Tailor Your Home Search to Your Budget
How To Make Flat-Pack Furniture Seem Built In
Tips on Creating a Luxurious Indoor Swimming Pool Area
Key Reasons to Trust a Home Inspection Report
Execute a House Selling Plan
Common Home Selling Problems and How to Avoid Them
Tips to Remember When Staging Your Home to Sell
Step-by-Step: Creating a Cubby Bookshelf
3 Reasons to Buy a Small Town Home
Use Vertical Space as a Storage Solution
What Should You Do If You Suspect Identity Theft
Financial Planning: What is the Estate Tax?
Aromatherapy for a Mood-Lifting Home Environment
Amazing Indoor Water Feature Ideas
How to Remove Old Carpet
Green Features: What Buyers Are Looking For
How to Make a Good Impression on Home BuyersReal
Estate Investment Trusts: How to Start
Cost-Effecting Ways of Staging Your Home to Sell
Which Property Types Are Best for You?
How to Refinish Your Bathroom Cabinets for an Updated Look
Easy Breakfast Ideas
Main Site of Commercial Real Estate Illinois
How Corona Pandemic (Covid-19) Affects Commercial Real Estate Market
Commercial Real Estate- The Key Factors About Lease Provisions That Become Detrimental To The Value Of An Investment Property
Residential And Commercial Real Estate Now Listed As Essential Service – March 28 5:30 P.M.
