There is an intersection between two types of properties, typically commercial and residential investments, and occasionally, you’ll find them with a mix including industrial units known as mixed-use. Mixed-use properties typically involve buildings with industrial, retail, or office space on the ground floor and residential spaces on the upper floors.
Unfortunately, investors often overlook this opportunity to earn high returns because they focus solely on residential or commercial properties as they build their real estate portfolios. If you’re ready to learn more, read on as we explore what commercial investment buyers need to know about buying mixed-use properties in Maryland.
Location
Commercial investment buyers need to know the market and understand the essential factors to consider about the location of mixed-use properties in Maryland. While you can improve the building, you can’t pick it up and move it to a better corner. In addition, community developments are trending towards walkable neighborhoods to attract tenants who seek this lifestyle. For your commercial leasees, selecting a great location also has the advantage of bringing more foot traffic. Professional buyers at Simple Homebuyers are intricate players in the local real estate market who share their expertise to help investment buyers like you find the best mixed-use property location available in Maryland.
Brick and Mortar
Online shopping is quickly overtaking many retail outlets; however, there will always be those that require a physical location to conduct business. Therefore, commercial investment buyers need to understand the importance of the types of businesses they place in their mixed-use properties in Maryland. For example, placing residential housing or a hotel above shops and restaurants provides convenience for residents and built-in commerce for your commercial tenants. The professional investors at Simple Homebuyers can help you explore your options to fulfill your vision for your mixed-use investment.
Diversity
Mixed-use properties offer real estate investors an excellent way to diversify their holdings within a single investment vehicle, which serves to minimize risk; you’re more likely to ride out downturns in any area with little effect on your bottom line. Commercial investment buyers should know that diversity protects their portfolios by spreading their investments among market sectors. With carefully thought-out uses when buying mixed-use properties in Maryland, you can maximize the potential of your investment.
Retention
Happy tenants have the potential to maximize the return on your investments, and this is something commercial investment buyers need to know about buying mixed-use properties in Maryland. In addition, happy tenants typically stay in place longer and treat the property as their own, further protecting your investment. As a result, commercial leases can be highly beneficial with quality leases that are often for multiple years and can provide high investment yields. Of course, it requires time and a great deal of work to perform the research and due diligence necessary before making such a significant financial transaction. However, you must also remember that numbers in the books of prior owners on you’ve based calculations for your future returns merely reflect their dedication to providing superior property management. The winning team at Simple Homebuyers also includes access to the most highly regarded property management team in Maryland to help you with everything from tenant screening to placement or full-time on-site property management.
Teamwork
From financing requirements to locating and assessing investments to managing your holdings, commercial investment buyers need to know about networking and building a great team when buying mixed-use properties in Maryland. For example, if you’re rehabbing or redeveloping the property, meeting the inevitable deadlines and achieving your goals requires reliable tradespeople and supply lines. Not to be forgotten, successful investors work with a team that can handle everything from permitting to attorneys to assist with complicated leases and top-notch professionals from every walk of the real estate industry. By working with the professional buyers at Simple Homebuyers, you’ll benefit from our full-service in-house team of industry specialists at Simple Homebuyers.
Why not work with the investment specialists at Simple Homebuyers who’ve built their careers in the Maryland real estate market? With everything you need to succeed, at Simple Homebuyers, we make it easy for investment buyers like you to earn the highest possible returns, from attorneys to the title search, from the initial inspection to the closing table. The professional buyers at Simple Homebuyers and their entire team are passionate about helping commercial investment buyers succeed. At Simple Homebuyers, all working in unison with the mindset of an investor to minimize risk and maximize profits, saving you valuable time and money and avoiding unnecessary headaches and expenses. Whether you’re just getting started or a real estate mogul, the professional buyers at Simple Homebuyers are happy to answer any questions or address any concerns you might have without any obligation. Don’t forget to as your professional buyer about our current inventory of the best mixed-use properties available in Maryland. Call Simple Homebuyers at (240) 776-2887.