Which Property Types Are Best for Your Lifestyle?

by Leona "Kay" Lehmer 09/07/2020

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

Leona "Kay" Lehmer

I have been in the real estate industry for over 25 years!  I started working with some of the top builders in Tampa and then decided to pursue my general real estate license.  I love working with people and helping them find the home of their dreams.  The TampaBay Metro area(Tampa, St Petersburg, Clearwater...)is a great City and has grown unbelievably in the past 25+years.  I have extensive knowledge that I can share for those coming to the Florida area or those who want to move up or downsize or have to leave our great state.  I make it my goal to work for you to find the right home, whether it be upsizing or downsizing, I will find the best location for you! From the beaches to golf course to the city or country, I can find the perfect home for you!  When you call my phone, you get ME! You are not handed off, if I don't know the answer to a question, I will find out and get back to you!  I Work FOR YOU!!