When you imagine a residential property, a single-family home or multi-flat complex is probably what comes to mind first. Commercial spaces, on the other hand, are more frequently associated with office buildings, storefronts, or even warehouses. So what do you call a space that somehow belongs to both categories?
Enter the residential commercial property — a location that blends the essential features of each. In this post, we’ll explore exactly what defines this unique kind of property, the advantages they offer for inhabitants, and how custom builders like VPC can help you build a tailored space of your own.
Defining Our Terms
A residential commercial property is essentially a hybrid — a place that caters to the purposes of both residential and business-focused locations. They often accomplish this by housing residential spaces alongside or even inside commercial structures. You may have seen retail stores or restaurants with apartments above, or mixed-use developments that provide combined setups for work and residence.
The trend of live-work spaces continues to grow and thrive in urban areas where space is at a premium, and residential commercial properties create the perfect solution. These spaces offer flexibility, convenience, and functionality for those who work where they live (or live where they work).
Examples of Residential Commercial Properties
Mixed-Use Developments
Mixed-use properties are one of the most recognizable examples of such properties. These developments often combine residential units above or beside locations like boutiques, restaurants, or even offices in the same building.
Live-Work Spaces
Live-work spaces are properties designed to accommodate the needs of both living and work spaces. They’re often particularly popular among self-driven professionals like entrepreneurs, freelancers, and remote workers who could benefit from operational spaces without having to leave the comfort of home.
Converted Residential Properties
Plenty of residential properties have been converted into commercial spaces (or vice versa) in order to achieve a specific purpose. For example, old homes often make exceptional boutiques, hotels, or bed and breakfasts. Similarly, disused commercial buildings can often be readily adapted into residential lofts or condos.
Unique Advantages of Residential Commercial Properties
Residential commercial properties come with several unique advantages, making them an increasingly popular option for new project owners:
Convenience — These spaces offer two-fold convenience. Developers can take advantage of pre-built properties rather than starting from scratch. Eventual residents, meanwhile, can enjoy easy and immediate access to their workspace.
Enhanced Property Value — The demand for multi-functional properties is growing with time. Investors often find the idea of a wider audience appealing, resulting in greater potential for property value.
Community Building — Mixed-use developments and live-work spaces can often foster a unique sense of community, bridging gaps between the commercial lives of some and the home lives of others that rarely see overlap elsewhere.
Building the Future, One Property at a Time
By their nature, residential commercial properties are decidedly unique. Whether you’re renovating an old property for new purposes or building from the ground up, a custom approach is often the best path to take.
If you’re looking for the right team to bring your vision for a residential commercial space to life, VPC Builders has all the tools and expertise such a project demands. From initial design to final construction, we’ll ensure that every aspect of the property is tailored to the needs of its intended use.
Whatever the project, we’re here to help. Contact VPC Builders today.