Real estate conversions: New uses from old
Conversions present challenges and rewards in struggling market
One of the many real estate niches that prospered during the last housing boom was property conversions. Imposing brick structures that once shuddered from the industrial age's heavy machinery now house sedate offices and high-priced condos; train stations have become shopping malls, while schools, theaters and churches are subdivided for various purposes.
While new construction developments -- particularly home builders -- are suffering doubly from gluts and market declines, conversion projects may offer compensating advantages for the prudent developer.
In this three-part special report, Inman News examines the challenges and rewards of pursuing property conversions in today's market, a case study of conversion-frenzy-gone-wrong, and marketing techniques developers and agents use to sell these properties.
- Part 1: "Changing building's use presents challenges and rewards"
- Part 2: "Speculation in condo conversions: South Florida's cautionary tale"
- Part 3: "Marketing converted properties as stylish and practical"
Price: $79.00
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