REAL ESTATE KINGSTON JAMAICA

 Apart from the obvious concerns and types of real estate there is also industrial Jamaica real estate. Industrial real estate differs by leaps and bounds from commercial, residential and rental real estate. Industrial is akin to major buildings that house any number over 200 employees at the same time. This does not have to be a sweat shop; it might have mainly to do with a Call center or a sewing factory. This was the case with property that was utilized in the Free Zone in the 1980’s in Kingston.

This property saw over 4,000 Jamaican employed to several multi-national companies in sewing factories, hemming factories and even computer technology factories.  Property of this nature is very profitable as it is anticipated the Free Zones will return to prominence to mop up unemployment soon. So industrial property will undoubtedly carry a high value in the near future.

Many real estate investors shy away because the properties need a lot of addition capital to turn into the more traditional type’s commercial real estate. But owners have realized that selling industrial homes is not always prudent. There are spin offs that can be gained by full property management and rental.

This includes, providing power and water, good bathroom facilities, adequate cooling facilities and cleaning maintenance and outside beatification. This does wonder as many owners of industrial homes rent and provide all maintenance and upkeep at a price to the tenant. This is double what the landlord can earn as he can profit while keeping the Jamaican property up to required standards.

That is a major concern as industrial labor can quickly erode the value of any homes due to machine works and amount of traffic in and out of the premises. This is not always good for the landlord.

Identifying good industrial properties involves choosing a site that will not affect any other properties or residents around it. This means that traffic and loud noises, smoke or otherwise will not affect your neighbors. Usually the main truth is that Industrial properties are geared towards lower income workers. It might make sense to build or buy your Jamaica properties in close proximity to these lower income communities.

However this might be a major problem as lower income might mean more volatility in the location and might deter renters because of crime the industry might have to be shut down too often. This does not spell sense as a good properties investment. Hence the best advice is to locate any site that is close enough to the lower income communities to be accessed by easy transport yet far way enough not to be affected by flare ups of crime in these areas.

It also makes sense to place a few living quarters on the premises; this provides quarters for security officers, and round the clock supervisors if needed. This has become very popular and rental by far exceeds the cost of building any such structure.