Author: Loans Direct

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Know about the Residential and Commercial Real Estate before Investing By Loans Direct

  in Finances | Published 2019-02-07 04:26:26 | 30 Reads | Unrated

Summary

So you’ve decided to invest in a property. If you are looking for investing in a property with great returns and calculated risks, don’t forget to know the difference between residential and commercial real estate investment.

Full Content

So you’ve decided to invest in a property. If you are looking for investing in a property with great returns and calculated risks, don’t forget to know the difference between residential and commercial real estate investment.

First, understand which property classified as residential or commercial:

  • Residential real estate: These generally include apartment buildings, housing complexes and cooperative units that are usually purchased by the individuals to satisfy the needs of their families.
  • Commercial real
    estate:
    These include all kind of non-residential buildings that are solely meant for business purposes such as offices, factories, medical centres, hotels, malls and garages.

Now, let’s settle down with the pros and cons of both these options. Below are the important points related to residential and commercial real estate:

Usage

A commercial real estate is business focused while the residential real estate revolves around the wants and desires of a homeowner and his family. Commercial ones are used as an investment to achieve an anticipated rate of return on the funds that you have invested while residential property is purchased only for individual use, mostly to provide housing for the families.

Commercial real estate agents

Commercial real estate agents are quite different from the residential ones. The selling of a commercial property usually takes much longer than that of the residential property. Thus, the commercial agent is expected to have a large amount of financial information and analytical data and he would benefit by having the business contacts as it takes long time to make clients.

Which is better investment option?

The residential real estate is much better investment option than the commercial real estate due to following reasons:

Financial Benefits

If you are looking for the loans from the banks or the financial institutions for residential real estate, then it is much easier and requires lesser paperwork than the commercial real estate. Moreover, the commercial loans include higher interest rates.

Stable income

Certainly, there is always a growing demand for the rented houses while looking for a suitable tenant for commercial property is a time consuming process. Even it is easier to apply for a residential development loan.

When it comes to investing in any property, it is imperative to know about the pros and cons of both the types of real estate and then go for any investment. For detailed information, you should opt for a professional help.

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LoanDirect is Australias leading loan and financial comparison website. We’re here to help you with your Loan finance products. Our financial services since 2005 have offices in Melbourne, Sydney, Adelaide, Brisbane, Perth & Canberra

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