Commercial Real Estate in Williston, ND
Commercial real estate and investment properties have been growing in popularity since the crash in 2008, when many people’s retirement portfolios were obliterated. Owning land in addition to a diverse stock portfolio can help to solidify your retirement. The stock market is a fairly volatile investment, with the potential for drastic gains and losses in a short period of time. Less risky asset classes, such as bonds and treasuries, are more stable, but do not have the potential for high returns that can be found in riskier investments. While both of these have a place in a well-rounded investment portfolio, a commercial property can be just the thing to round out your retirement savings.
Williston, ND Commercial Real Estate
Commercial real estate has a great balance of stability and the potential for growth. Commercial properties tend to hold their value or appreciate. Historically, the real estate market trends upward and the active management of a commercial property can further increase its value. Cost effective upgrades to the property can make it more appealing to clients as well as potential renters. In addition to the intrinsic value of the real estate, the property can be rented out to provide an additional stream of revenue via a lease. These leases can turn your real estate investment into a fairly stable source of income that can frequently give its owners a higher rate of return than typical stock dividends yield.
If your goal is to acquire more commercial real estate, a commercial property can be used as leverage to secure financing for your next purchase. As you expand your commercial real estate portfolio, you will be able to lease out more properties, earning additional revenue that will help you pay down the loans even more quickly. Owning commercial property also has tax benefits that could help you to make the most of your investment capital.
In addition to the financial benefits of owning property, expanding your real estate portfolio has intangible benefits such as pride of ownership. Many people take great joy in knowing that they own real estate that helps make their town a better place. The knowledge that they have a variety of income sources, such as an income producing property in addition to their primary career, can also provide peace of mind during times of financial hardship.
If you are looking to expand your real estate portfolio, the Bakken area could be the perfect location. Since the recent oil boom, the population of western North Dakota has expanded rapidly. Many new residential developments have sprung up, seemingly overnight. This rapid population increase has led to an increased need for shops, restaurants, offices, and other commercial developments. Now is the perfect time to get in on the commercial real estate market in Williston or Watford City.
The team at Bakken Realty has a number of commercial property listings that could be the perfect addition to your investment portfolio. Use the convenient search feature on our Property Search page to browse the real estate available and then contact a Bakken Realty agent to learn more about the opportunities available in the western North Dakota commercial real estate market.