There are many options if you decide to invest in a building project, but multifamily properties offer a unique balance of risk and reward. Multifamily properties have more than two residences in the same building. They can range from one structure with four separate apartments all the way to a skyscraper housing hundreds. These investments give you positive cash flow with much less risk than some commercial investments. The housing is categorized by size and each has its benefits depending on where you live and how much you want to invest.
These are often found in the suburbs and have fewer than three stories. Retirement communities and over 55 communities favor low-rise construction. Facility maintenance Duncanville TX is an additional concern when housing senior citizens.
Often these developments contain multiple buildings spread over a large area. You’ll need ample parking for this type of housing and possibly an elevator. However, they usually do not come with many amenities, making the overhead cost lower. Returns on low-rise properties are still less than larger buildings.
Mid-rise multifamily properties have between five and nine stories. They are found in urban or suburban areas, close to shopping and restaurants. Investors can pack more units into a smaller footprint of land, which means higher returns. However, residents of mid-rise properties look for amenities. In order to attract tenants, you should include a gym, pool and outdoor common areas.
High-Rise buildings have ten or more floors. They are located in metropolitan areas and could be college dorms, apartment buildings or even long-stay hotels. You can generate a lot of cash flow with a smaller piece of property as long as you get creative. Building and living in the city is expensive. Residents will expect plenty of parking and amenities. Keep in mind …Read More