Research project Paper Example | Topics and Well Written Essays - 1500 words

Project - Research Paper Example The method of building residential was standard in 1970s and the mid-1980s. It was fueled by some of the second era development which encouraged by Reagan tax laws. The laws created conducive situations for the investment of real estate. The rate of construction of rental apartment collapsed in the recent past divested the idea that home is sure-fire. However, recently, multi-family construction has inclined because of more vibrant rental alternative now that is single-family homes. The rise in the number of multi-unit residential apartments is evidence that investment the residential is profitable. Multi-family is becoming very intense now. Seemingly, a significant shift might be experienced whereby most people will prefer to move to multi-family homes instead of the single-family homes, in five to ten years to come. Proprietors will be compelled to change the type of residential. It I very clear that that there is market demand for multi-family residential building. Besides the increasing love for staying in residential multi-family residential buildings, formerly Metro laundry building is located in a strategic position. It is located on Agricola in a transitioning neighborhood and lends itself very attractive retrofit into a mixed-use building. The building will be separated into sections. The ground floor will be allocated for an upscale cafà © with the residential apartment located on the second floor. Making the building, a mixed-used building will be an excellent marketing strategy for tenant in the building, as most persons would always want to get some services near their area of residence. The building will provide them with a platform to enjoy the services sold on the ground floor. Valuation is the process of determining the market value of a property using various tools. Tools that can be I would use for assessment my property include sales comparison, cost, and