Real estate project. Management Research Paper Assignment.

Real Estate Project
Student’s Name
Institutional Affiliation
Real Estate Project
Real estate investment is one of the most lucrative ideas as a roadmap to wealth creation. Notably, emerging neighborhoods offer growth potential and appropriate tax incentives for buyers. While stocks and bonds were the traditional assets for investments, real estate investment is a lucrative avenue to accumulate wealth even after retirement. According to Coleman (2017), appreciation of real estate is one factor that has increased demand for investment. Notably, properties are likely to increase value based on changes in the real estate market. In most instances, investors can upgrade properties to improve their value. Cash flow income is a factor that contributes to the increased demand for real estate properties. An owner of real estate properties can generate revenue from various sources.
An open house would be one of the ideal investments in the real estate industry. Therefore, a house, 757 E 16th Street with property Id as MLS# 46399096, has enough space for a family. According to its description, the house suits the needs of a low maintenance lifestyle as an expanded townhome property that has all the needed utilities in an HOA except electric. Importantly, the house sits on coverage of 5,000 square ft. Importantly, the property costs 650,000, which is within the set budget. According to government regulations, the average tax rate is 2.67%, the highest property taxes. The house buyer would have an advantage of space since the house has enough bedrooms and full baths. Besides, the storage area and closet are part of the expansion. An attractive brick floor to ceiling fireplace accentuates a vaulted ceiling living room with convenient access from the property patio. The main advantage of purchase the constructed house is convenience and minimal cost incurred.
Considerably, doctors prefer playing golf as one of their leisure activities. Therefore, the house would suit any golf enthusiast’s needs based on its proximity to walking trails, golf courses, and clubs. The compound has enough space for parking of two vehicles in a private driveway and dryer convey for any added move in a ready value (Coleman, 2017). Therefore, the owner would have a chance of accommodating more guests, including family members and friends. Besides, the spacious house owner can utilize the extra space for various purposes, such as a home office. Equally, some of the rooms could serve as teaching areas for homeschooling children. The house has enough floor coverage and within the set budget.
Location is a key factor in the process of purchasing properties. MLS# 46399096 is strategically located for its demand and desirability. Accordingly, homeowners are likely to live with...