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Essay / Transforming a Fix-It Property into an Iconic Property - 575
Real estate investors are scouring the market for properties offering rock-bottom prices and sky-high ROI potential. Older, distressed buildings have discount prices, but converting an aging building into a modern home with all the features needed to attract new residents is expensive. Wouldn’t it be great if there was a niche real estate market with great deals and robust pricing? ROI? One type of property that warrants closer examination is older buildings with historical significance. The National Register of Historic Places lists more than 85,000 places in the United States designated as "national treasures." Not all of these designations are buildings; there are cemeteries, battlefields, trails and churches among the lists. Interested in exploring a historic property as an investment? Wondering if the property you own is eligible for consideration? Whether you already own an aging property or are considering investing in a distressed property, here is some information on whether developing an iconic property is right for you.....