Real estate is a lucrative business across the world, and there are different types of real estate properties that both investors and buyers prefer. When it comes to the current trends, you will find several different types of properties that are widely sought after by companies and professionals alike. One should be aware of them in detail before purchasing or selling. This is why real estate experts should be consulted so that you can get the best value for money and deals in this field.
Eugene Bernshtam – Current trends in the real estate industry today
Eugene Bernshtam is a popular and distinguished leader in the field of real estate in the USA. He has a wide range of expertise that includes development, investment, mixed-use developments, and the management of apartment buildings. He also has specialization in the repositioning of underperforming assets in the real estate industry as well as consultancy.
The different types of real estate properties
Before you invest in any sort of real estate property, it is important for you to consult a good professional or expert in the field. In this way, you can understand the type of property you are about to buy better.
Over the past years, the real estate industry has seen a rise in mixed-use properties. In the past, parcel property had been designed for single use. Before the developers design buildings and their structures, they first consider whether the specific property will fall under a single type of real estate or multiple types. The following are the primary types of real estate properties-
- Residential- Housing is mandatory, and this makes residential real estate one of the most common kinds of real estate properties. Real estate institutions and professionals deal with this type of real estate, and it has many subtypes like condominiums, detached houses, vacation homes, and several others.
- Commercial- Commercial real estate properties are one of the most complicated types of properties to sell. It generally involves rentals and leases of developed assets out of which the tenants will profit. While such property is complicated and very complex to manage and build, commercial real estate can offer the owner of the property a very high cash flow percentage.
- Vacant land- In the past, vacant lands were used for yielding the highest commission percentage among the above types of real estate properties. However, the rise in land prices has resulted in few areas with a high return on investment. Still, vacant lands have been the primary choice of real estate type for several players in the market primarily because of their simplicity and flexibility to own and manage the plot.
Besides being an expert in the field of real estate, Eugene Bernshtam is a consummate professional and works at least six to seven days a week. He is fond of creation, and this passion led him to pursue a career in property development. Besides his work, he loves to collect cars, travel to new places, enjoy scuba diving, and lift weights.