Advantages Of Mixed-Use Development That You Are Bound To Enjoy
There are quite a number of economic benefits that you are bound to enjoy when you adopt planning strategies, practices that are land-used, and regulations as well that are fostering mixed-use development. Based on several studies that were conducted regarding this matter at hand, they show a very clear connection between environments that are walkable and the economic viability of a town as well. According to walking the walk, a report that was conducted by the CEO for cities, it was stated there that the resurgent of interest in downtowns as well as the promotion of mixed-use developments throughout the metropolitan areas are, in part, driven by the recognition of the value of walkability. As for mixed-use developments that are designed specifically to promote walkable built environment has the ability of helping the revitalization of downtown, increasing private investments, promoting tourism, supporting the development of a good business climate, which leads to higher property values.
There are other good things that you have to be aware of when it comes to mixed-use development such as the fact that they are buildings that can be used for many different types of purposes. Let us say, you have the power to decide on using the lower floors for retails stores while you can have the upper ones for residential units. In this manner, you only does not on a single source of income, you are making the entire building your source of income.
The money that you are getting from the rent roll of the lower floors and the money that you can get from the rent of the upper floors will give you freedom and an easy life to live. You can choose to have another mixed-use development property for another purpose or you can venture into other businesses that you find suitable with your interest. No matter what kind of decision you will have here, the bottom line is that get to taste the fruit of your labor.
Another good that comes from having a mixed-used development property from Assets America is that you will no longer have a hard time monitoring everything since they are all located in the same building. You will know the things that are happening around your property because you are there where they and you can just monitor them all you want.
Not only that, the rent will be paid on time because of your monitoring. To get more tips on how to choose the best real estate, go to https://en.wikipedia.org/wiki/Real_estate_broker.