Just a few years ago, most investors had their eyes on the stock market. However, more and more people are realizing that real estate can make for a superior investment. And it is no wonder; more than 90% of the top housing markets have had their rent increase in just the past year!
On top of that, the growing population means there will always be growing demand for different types of properties. By the year 2025, the millennial generation is expected to create demand for more than 20 million new households.
Of course, no matter how good the real estate market is as a whole, there is a lot of nuances as far as which types of properties make for the best investments. So how can you make sure that you find the best deals available?
Read on to learn all about the best types of properties for real estate investment!
Residential Properties
When it comes to your options for managing properties and investments, there are basically four choices. The first is residential properties, where people live.
These rental properties are some of the safest investments. The constantly growing population means that there will always be more demand for places to live. Residential properties are a great choice if you are just starting out investing in real estate.
Commercial Properties
Real estate investing in commercial properties is a little bit different. With commercial properties, your tenants will be professionals and business owners. They are likely to be responsible and savvy tenants.
On the other hand, the business world is competitive and you never know if a given tenant will be able to edge out their competition.
At the same time, anyone giving out investing tips will tell you that it is a great deal when you can guarantee income for years down the line. Many commercial leases require tenants to sign multi-year deals.
While a business can always go bankrupt, barring unusual circumstances, multi-year leases are a great way to guarantee your income for years to come.
Industrial Properties
Industrial real estate is all about tenants who produce or store products. It can even include specialty businesses like car washes.
Retail Properties
Retail property investment can be complicated. But if you know how to do it right, the returns can be incredible.
Retail properties include shopping malls. Property owners often get a percentage of sales generated, so if you can recognize a business that you think will be successful, the retail property might be your game.
Invest in the Best Types of Properties
We hope that you were able to learn something helpful from this brief article on the different types of properties that can make for good investments. Knowing the scope of options available to you is one of the most crucial steps when it comes to making sure that you get the best deal possible.
To learn more about the best properties available in your area or for help with property management, you can reach out and get in touch with us here at any time!
