Ignite FB Tracking PixelWhich Property Types Are Best for Your Lifestyle? - Mark Pekarik
Cactus Mountain Properties, LLC
Cactus Mountain Properties, LLC
Mark Pekarik, Cactus Mountain Properties, LLCPhone: (480) 205-0006
Email: [email protected]

Which Property Types Are Best for Your Lifestyle?

by Mark Pekarik 06/29/2020

Image by Michal Jarmoluk from Pixabay

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.

About the Author
Author

Mark Pekarik

Helping Home Buyers and Sellers Since 2006

I have a deep passion for real estate and the buying and selling process. I understand that the buying or selling process can be a stressful time for someone but it is my goal to make your home buying or selling experience as stress-free as possible. I will work diligently to get you the best deal possible using my negotiation skills and market insight while providing you with superior customer service. Your satisfaction is always priority and I will always be there to provide honest answers and opinions to your concerns as I look to exceed your expectations to a successful closing.