Property Types with Potential
Category Advice
When it comes to investment, you can definitely pick a wrong and a right type of property. While property is a pretty safe bet as it is, you can maximise profit from intentionally picking a property that is going to give you more reward - whether it's in the long-term, or will benefit you immediately.
Here are some of the most desired property types for investors that you might not have thought of:
Types of property to invest in:
Commercial real estate
If you've got a big budget and a desire to be a part of growth in your local community, investing in commercial property will support that focus and has the potential for high cash flow.
The best commercial properties for investment would be office, retail, industrial and hospitality property. You can expect to do business with higher-income tenants, and hold longer leases with a lower vacancy rate than residential leasing. You can also expect less competition from other property owners in this area of investment, as commercial property has a smaller pool of availability than residential property.
Raw land in an upcoming area
Raw land refers to any kind of vacant land that is available for purchase. The best kind of raw land to invest in is found in areas of high-growth rates and projected success.
Potential profit from this kind of investment is attractive to say the least! If you can hold on to vacant land and watch its value increase, or if you have the capital and time to take on a building project, there is a promising opportunity in raw land. Do extensive research to ensure you invest in the right area, as this is where your real investment lies.
Student accommodation
Depending on where you live, investing in a house that you can rent as student accommodation can be a very lucrative investment!
Investors who buy property close to universities find that their property value increases exponentially in time, with the potential of doubling in just a couple of years. There is only so much student accommodation attached to universities, and more often than not, it doesn't meet the demand. Besides this, students often prefer a safer, less crowded living situation. This makes way for a gap investors can fill.
If you want to find a property investment with tons of potential, SAproperty.com has a team of experts at your fingertips who will get you exactly that! Contact us today for more information.
Author: SApropety.com
