CONVERTING COMMERCIAL BUILDINGS TO RESIDENTIAL.

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Many landlords and property investors are transforming tired commercial buildings into prime Residential  real estate. So how can you take advantage of this trend?

In the words of one of the world’s most successful commercial real estate developers, Donald Trump; “If you’re thinking already, you might then  think big ”

After a commercial real estate property has been acquired, the goal should be to attempt to boost its value as well as maximise the revenue it delivers as an investment.

One way to achieve this goal is to develop the commercial premises into a residential property and either sell or lease the converted accommodation.

The Block

Perhaps one of the most accessible examples of commercial premises that have been converted successfully to residential living spaces has been played out on our television screens.

Finding the right property

Converting commercial buildings into residential developments can be an attractive prospect, but there are a few things to consider before launching into your own project. Firstly, find the right commercial property. As an investor, look for the usual attributes – a great location, access to all the desirable amenities including public transport, cafes, schools and arterial roads.

The fun part

Commercial properties, including offices, shops and warehouses, all have the potential to be transformed into contemporary living spaces. They may offer character and features that newer buildings can’t, making them attractive commercial investments. The cost of converting and renovating can vary hugely, so it pays to do the research and try to source information from comparable conversions.

Finding, converting and making money from a ‘commercial to residential’ project is not only possible, it’s exciting. It can bring out the character of a building and create something extraordinary. But as with all investments, nothing replaces research and experienced, trusted advice. Contact us for more information , enquiries@curtisconstructionnig.com


Comments

  1. Fosatrade Integrated13 February 2020 at 04:53

    Great Blog, there is so much reality written in this content and everything is something which is very hard to be argued. Top notch blog having excellent content.
    Construction company Nigeria

    ReplyDelete

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