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Buying Commercial Property
FC • Sep 14, 2017
When your business establishes itself as viable, then you need to consider the best space for it. If you have already saved enough money for the down payment, then most conventional lenders will finance ninety percent of the purchase price. This means that you can buy the property for as little as ten percent of the purchase cost. In most cases, you could also borrow cash to make significant renovations to your new commercial property. Also, financial institutions will require a property appraisal. This appraisal will confirm that the buying price of the property is reasonable when compared to previous property sales.
What to Look for
A great location for your commercial real estate property is very important for success. You’ll want to consider the nearby roads and how easy it is for your future customers to access the building. Here are other factors to consider:
- construction method – Find out what the building is made of and how durable it is. This information will save you from buying something that needs a lot of repair work.
- zoning – Make sure the building you plan on purchasing is in the right zone for your business.
- orders – Before you purchase the building make sure there are no orders or notices on it that you’ll be financially responsible for. This will save you a lot of heartache in the future.
- Neighbors – Take some time and see what businesses are nearby. Will they compete with or compliment your business.
- parking – Check to see if there is ample parking around the building. Free parking is ideal because you want it to be easy to go to your business.
As you can see, there’s a lot to consider when reviewing commercial property listings. Once you find the right property for your business and the lender to finance it, you’re on your way to achieving your business goals.
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The post Retail Property Performance: Tips for Agents and Brokers first appeared on Florida Commercial.
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The post Choose the right property management company first appeared on Florida Commercial.
A real estate purchase is much more than just finding a place you can call home. Over the last fifty years, real estate investments have become increasingly popular. If you are also impressed with the whole idea of investing in real estate, then there are probably things you didn’t know (but you should) before you take the next step.
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The post Things you didn’t know about real estate investments first appeared on Florida Commercial.
Commercial real estate may be an exceptional investment prospect. It’s important to consider carefully beforehand about how you’re going to finance your premises in Florida. If you are purchasing a property that’s built, then you need to hire superior surveyor to look out at the area thoroughly before agreeing to purchase or handing over any money. Also ask yourself how marketable the property is in its existing condition and location, especially if you’re planning to rent it, or in ...
The post Secrets to Successful Ownership of Commercial Property first appeared on Florida Commercial.
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Commercial properties are an important purchase to make, and most prospective buyers tend to worry if they’re making the right choice. It’s a large purchase and deserves time and attention For those who are ready to buy, these tips are going to help you come out with a great purchase.
1) Understand Usage Needs
What are you going to be using the commercial property for?
This is a question you should be ready to ask because it is a ...
The post Tips For Buying Commercial Property first appeared on Florida Commercial.
If you’re looking to learn more about the different types of industrial properties that are available these days, then you’ve come to the right place. In this guide, we’re going to highlight some of the major industrial properties that are used in the modern marketplace, so you’ll have a much better understanding of the different industries that are making use of these facilities. Keeping this in mind, let’s take a closer look.
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The post Understanding The Different Types Of Industrial Properties first appeared on Florida Commercial.
There are many different factors to consider when choosing the best type of commercial property for your business. Choosing the best type is crucial to the performance of your investment in the future. The first imperative factor is the commercial property itself including the land and the improvements such as buildings and then lease of business components. It is essential to properly investigate and analyze the pros and cons of every component as well as how each measures against you ...
The post Types of Commercial Properties for your Business-How to Choose the Best One first appeared on Florida Commercial.
