As space becomes a premium more and more people are willing to think outside the box when it comes to finding the right home within their price range!
Buying a warehouse or mixed zone property isn’t everyone’s cup of tea, but mixed zoning houses offer flexibility and alternative entries into the property market.
There are pro’s and con’s to mixed zone properties but you need to do your research, commercial mortgage rates are often higher than residential.
Banks will generally require a larger deposit for this type of property; you can borrow up to 75% of the property value, depending on the strength of your business finances.
Not all business owners want to live at work, and there is always the danger that living in such close proximity to your ‘office means that you can never escape it.
It may challenge tradition, today’s busy entrepreneur likes nothing more than a commute of a few stairs, and there is no better way of keeping on top of a small business than by living above it.
But practice due diligence. These properties maybe harder to sell and are priced accordingly.
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