Скачать или смотреть How To Increase Investment Value By Converting Residential to Commercial Property?

You may be in a situation where your residential investment is starting to cost. A lot of money. You haven't done it. Many repairs over the last few years. It's now time to bite the bullet and make some major repairs replace roofs.

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Commercial Real Estate Investing For The Residential Investor: The Seven Myths Of Commercial Investment Explained

[00:00:17] Maybe some. Major construction damage to a door, replace all the windows.

[00:00:22] And you say to yourself, well, The cost of doing this work. Basically means I'll be losing rent for one or two years. Or barely breaking even .

[00:00:32] And you think about other options. Do you totally knock it down and rebuild again? Have you thought about the possibility of converting that to a commercial use?

[00:00:42] In many areas. You can convert.

[00:00:47] Residential property. Into several commercial users.

[00:00:52] The main ones are something like childcare centers. If your property is close to a. [00:01:00] School. . Area lot of young families. On the the hand, if you live. And then with old families, you may look at things like developments or retirement villages.

[00:01:10] Where you have to be on transport links. Certain size of land.

[00:01:15] Another option could be a boarding house. Maybe you live. Close or transport links to major employment centers where you've got. Single. One person households around. So that may be a good worthwhile option.

[00:01:31] Look around the area. See, what is required. So if you live in a young area, Maybe. Like I said before a childcare centre. An aged area, maybe retirement villages. over 55's developments. Close to employment. Centers or good transport. Another option could be boarding houses.

[00:01:52] . Do your sums and see what would be feasible or get someone to help you. And do it for you. Or with [00:02:00] you?

[00:02:00] So the government. I always changes legislation to encourage. More development in these areas for services and a combination because land is getting very expensive. And it's getting short.

[00:02:13] So the other option could be multi housing, even though the area is zoned for. Low density housing. You may have some medium and high density options. If the land is large enough. And you can present a good argument to the government.

[00:02:27] So. Keep an open mind when you reached this crossroads where you don't know whether you should. Undertake the major repairs. or look at other options.
Con Tastzidis
www.cstproperties.com