Many communities have vacant commercial properties that can be repurposed. One idea would be to remodel these buildings into residential properties. Here are the reasons you should invest in this.
Revitalizing the Area
Experts such as Steven Taylor, owner of Taylor Equities, will tell you that several of these structures are in sections of a town where housing is scarce. Adding affordable apartments while giving a neglected building a new, attractive look will draw occupants to a part of the city that might have been considered run down. As the population increases, other businesses will follow.
You will have an opportunity to negotiate a better price on a commercial property that has sat dormant for a long period of time than one that is newly built. There is also the possibility that there will be a tax break for investing in such a place. Research