Are you ready to start making property investments for next year?
Whether you’re a first-time investor or simply looking to expand your portfolio, investing in real estate continues to be a sound decision. In fact, it’s been said that 90% of millionaires accumulate their wealth through investing in real estate.
If you’re looking for property investment advice, you’re going to want to read this. We’re uncovering the five of the best property investments to consider in 2021.
1. A Cottage or Lakehouse
Are you eager for a taste of the great outdoors?
As it turns out, investing in a cottage or a lakehouse will prove to be an incredible investment in 2021. This has been made true by a global pandemic that has been encouraging urban dwellers to move outside of the city.
As more and more people choose this slow-pace lifestyle, the cottage market is only expected to boom.
2. Student Housing
In 2019 alone, more than 19 million students were enrolled in college throughout America. When we consider such a number, it’s clear why investing in student housing could prove to be a savvy 2021 investment.
Whether you’re opting for an apartment-style residence or a freehold home, student housing will always be in demand. While you must be willing to take on student tenants, this is a great way to begin your real estate portfolio.
With this type of property, the initial price tag is typically lesser than a primary home. This is what makes this type of real estate investment especially attractive to new investors.
3. A Mixed-Use Development
As we progress further into the year, a growing number of developments are steering towards mixed-use communities. These spaces will often combine private residences with commercial and retail stores.
The result?
A small community of dwellings that offer all of the necessities to nearby residents. With this, residents have access to anything from grocery stores and cafes to restaurants and shopping all outside of their front door.
Eager to learn more? Check out The Ryse Residences for one of the most anticipated mixed-use developments coming soon.
4. An Urban Condo
Are you looking to get involved in one of the hottest real estate markets in general?
If you’re looking for a safe and profitable investment, an urban condo is always a sound decision. Generally speaking, the core of any city is going to be in demand for both buyers and renters.
As a result, prices do tend to increase at a rapid rate. While these units do often carry higher price tags, they can be well worth the initial investment.
5. A Commercial Space
When we consider investing in real estate, we often consider a residential space.
While there’s no denying that residential real estate can be a fabulous investment, it’s important to consider other options.
Investing in commercial real estate is an entirely different breed of real estate. However, it has proven to yield incredible results for some of the world’s most savvy real estate investors.
The Best Property Investments of 2021
Are you eager to get started?
If you’re ready to consider your next property investments, allow this guide to inspire you. From mixed-use developments and a cottage to student housing, the options for 2021 real estate are undoubtedly exciting.
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