Let’s say that you live in a cold climate and you want to purchase vacation property on Daytona Beach. The price for a condo, or house, on Daytona Beach or in the immediate area is going to be through the roof; particularly with residential real estate in the shape than it is currently in. Now what?
As long as the zoning laws allow, what would be the harm in saving money by either renting or buying industrial units and converting them to vacation homes? Not only might it be a good idea for your vacation property, it may even be a good idea for a perspective investment opportunity. Of course, some money may need to be spent on additional electrical outlets or plumbing; nothing of course compared to the money that you will more likely than not be saving by going with commercial property over residential.
In areas that are set aside for business only, setting up a residence in one of the industrial buildings may not be allowed. Simply check with City Hall or possibly online for a zoning map just to be sure. Much as with manufacturing an office setting which utilizes partitions separating cubicles; false walls can be set up to designate specific rooms in your new vacation home.
A vacation home that you, by the way, got for a steal.
