A lot of people these days prefer mixed-use properties to settle and invest in. In fact, they are so popular that young professionals are ditching solo establishments for these commercial-cum-residential properties.
So, what are the reasons that make these projects the talk of the town? Let’s have a look –
Basketing the two important segments of real estate, residential as well commercial, mixed-use projects tend to serve as great vantage points for both buyers as well as developers. From a buyer’s perspective, these properties are not only good for living, but also for investment. Given the presence of workplaces, shopping centers, houses, and lesser travel time, mixed-use properties earn good profits, when invested in.
Better property management
Commercial-cum-residential properties also bring in the benefit of good property management. Such properties are generally under the care of efficient management service companies that carefully attend to the many different needs of the entire community. The major benefits commonly cover good tenants, briefer vacancy cycle, better support, and smoother processes.
Ease of accessibility
Long working hours, traffic congestion, densely populated areas, and polluted roads have already been making lives in metropolitans quite tough. Hence, having commercial and residential developments at closer proximity, or in the same locality to be specific, would definitely resolve a lot of those issues. Mixed use projects make it easier for the inhabitants to access homes, offices, and market places.
Amenities at hand
Constructed majorly at prime locations, mixed-use projects also provide the benefit of closeness to amenities such as schools, hospitals, banks, and shopping complexes. Central locations are an important point of preference among modern buyers due to this reason. Mixed use properties or residential-cum-commercial properties try to create more inclusive and connected comminutes to benefit the buyers.
Right for young families
Young professionals today look for three important things when settling down in a city, namely – a suitable place to work, a convenient place to live in and good options for entertainment. And mixed-use properties, by packing in all these features, serve as the perfect thing for them.
Also, serving as an escape from the dusty, noisy streets, it also offers them dwelling, shopping experiences, and jobs in the same compound.
Given the above features, it comes as no surprise that mixed use developments are increasingly becoming a trend in the real estate market.