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Marsha Wolber, Long & Foster Real Estate, Inc.Phone: (703) 618-4397
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Which Property Types Are Best for You?

by Marsha Wolber 06/06/2021

Image by Michal Jarmoluk from Pixabay

Everyone's ideal home is different. Age, family size, budget and location all factor into the home buying process. Here's a brief look at the types of properties that attract different people.

Apartments

Apartments are usually a stepping stone for young professionals as they save up for a home. They are also convenient for people who move often and don't want to go through the hassle of buying and selling a house. Having maintenance services, various lease options and on-site amenities are strong selling points. Location will play the most prominent role in rent prices and demand.

Ranch-Style Homes & Smaller Houses

Single-story homes, condos and townhomes make solid starter homes for young professionals and couples. If the home is in a reputable school district and/or close to shopping centers and major roadways, it will attract buyers of all ages. Two houses with the same design and square footage will command very different prices and interest depending on the location.

Homes with Large Yards

These types of homes are ideal for families with kids and/or pets. Older buyers who enjoy privacy and quiet will also appreciate the acreage. Many buyers will gladly choose a smaller house with a large yard than the inverse.

Larger Homes

Higher end homes will mostly attract buyers far into their careers who have significant savings. Depending on the location, these homes will often meet with either high demand or stay on the market for a while. High-end homes sell best in a high-income area and will have a niche market in a less affluent neighborhood.

Office Buildings

Companies and small business owners rent offices to grow their operations. Successful enterprises often result in multi-year leases.

Retail Properties

From downtown storefronts to large shopping centers, retail properties can serve as everything from grocery stores to hobby shops to restaurants. The landlord may also receive a percentage of the property's sales on top of the monthly rent.

Mixed-Use Commercial Properties

Multi-story commercial buildings are often home to various businesses. You might see a shoe store next to a dentist with a corporate office above and a restaurant below. These properties are usually bought by experienced investors with substantial assets. They will then rent the space to various businesses as a way to diversify their portfolio and hedge against risk.

Whether you're buying or selling, it pays to choose the best option based on your situation. Having an experienced real estate agent on your side can help you secure a great deal in any neighborhood.

About the Author
Author

Marsha Wolber

Marsha Wolber - A Little Background Marsha Wolber was born and raised in Pittsburgh, PA and graduated from Carnegie-Mellon University. After college, Marsha moved to Boston, MA where she worked in the information technology field as an applications programmer and software manager. She and her family moved to Fairfax County in 1987 and have lived here since then, except for a brief 4 year stint in the San Francisco Bay Area. Marsha’s family returned to Fairfax County from California primarily because of the quality of life and top notch education provided by our public schools. She and her husband Noel have two daughters, both graduates of Robinson Secondary School, the eldest a graduate of George Mason University and the youngest a graduate of Auburn University. 

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