Commercial Properties for Sale and Why Location Matters

You’ve probably heard of this time and again. In real estate, location matters a lot. It’s the cream cheese to your cheesecake. Picking the wrong one will mess things up and you’re in for wasted funds and lost opportunity. It doesn’tcommercial-property-prime taste good and you want none of it. The same is true when you buy or invest in commercial properties for sale. You have to make sure that they are situated the way they need to be otherwise you could be wasting your financial resources and losing all those profitability prospects.

So allow us to say it again, location is important for commercial properties. If you’re not convinced enough or if you want the nitty gritty of it all then read on and get to know the reasons behind it.

  • Commercial assets in great locations tend to experience an increase in value while those that are poorly situated seldom experience such an appreciation. If you are planning to rent the place out then this could be good news as it is a valid ground for increasing your rental fees. As for a sale this could mean bigger profits. If you plan to use it on the other hand, appreciation works to your advantage too as it can prolong the useful life of the asset as well as increase its salvage value.
  • Their useful lives often last longer too. This is great for commercial properties considering their use and purpose for investors and landlords. This is great if you want to make use of the asset for prolonged periods of time. It also provides better and longer returns.
  • It’s close proximity to certain establishments like schools, offices or employment hubs, malls and others can increase exposure to clients and potential customers. As an entrepreneur, this would be a huge advantage and a cost efficient means to boost your market reach. Having loads of people pass by your area will make your brand and company more known to people and eventually to new clientele.
  • Accessibility plays a major role in creating patrons. A commercial property is intended for purposes of entrepreneurial operations. If it is hard to reach for clients, there lies a risk of losing them. Take a supermarket for example. If it is hard to get to, who would want to waste their time and gasoline driving all the way just to get their groceries if another supermarket is close by?

Remember these when scouting for commercial properties for sale. Okay?

Creating and Adding Value to Your UK Property Investment

uk investment propertyDid you know that you can further add value to your UK property investment? Yes you’ve read that right. You can further increase the market value of your asset through several means other than the usual appreciation means there are. Whether you want this for reasons of business, a sale or simply to ensure that your investment doesn’t depreciate to nothingness, the following advice could prove to be beneficial and useful.

  1. Add value by beautifying the lawn.

Clean up your walkway and pavement. Trim the grass and don’t forget to mow near the edge of the sidewalk too. A little sprucing up of your lawn, garden and pathways can make your property livelier, cleaner and more joyful to look at. There is a reason why landscaping and garden details whether big or small are always imbedded in every property. They spice it up.

  1. Add value by making the appropriate repairs and improvements.

If there are any items that need repair, maintenance, replacement or improvements then see to it that you provide accordingly. This will not only keep the investment in tip top shape but the expenses assumed can also be capitalized with the asset’s value depending on the amount spent and its impact on useful life.

  1. Add value by repainting your walls.

If you want a simple and cost efficient way to make a property for sale extra appealing, repaint its walls. Old and chipped walls will give a wrong impression to buyers and can make them think that it should be priced at a lower value. Brokers and agents suggest that walls be kept simple and preferably in light shades like white to make the place appear spacious and fresh.

  1. Add value by spicing up the interiors.

A few additions like rugs, pillows, curtains, a vase of flowers and the like can enhance the look and feel of any property. This is especially true if the asset is for personal use whether commercial or residential in nature. Never leave it barren, boring and forlorn looking. Create the right ambiance and get the appropriate results.

  1. Add value by changing old and forlorn fixtures.

You can also add much needed value to your UK property investment by changing any fixtures that are not only damaged but also those that look dull, out of place, mismatched and forlorn. It may be a simple thing to do but it can make a whole lot of difference.

Characteristics of Promising Commercial Properties for Sale

Investments refer to things that are worth buying because they can be useful, profitable or both at present and in the future. What are examples of it? This includes shares of stock, jewelries and automobiles. Fixed assets or shall we say properties are definitely one. That being said, what are the characteristics of promising commercial properties for sale? Below is a list for your guide.

commercial-properties-investmentQUALITY OF THE LOT – The land or the lot itself has to be of good quality. This means that it has to be fit for the type of structure that is planned to be constructed on it or has been built on it. For example, there are areas where high structures like skyscrapers cannot be built on them and there too are those that are best used as farming and agricultural lots instead.

STRUCTURE DURABILITY – If the commercial property is a building or part of it then it has to be durable not only externally but internally as well. This makes it a good idea to ask for the building’s blue print and have it examined beforehand to ascertain its condition.

SPECIAL FEATURES – Depending on your needs and preferences, certain commercial properties may come with particular features. Examples would be a garden front, a huge lobby area, a certain number of floors and rooms, a balcony, a large function room, etcetera.

NEARBY ESTABLISHMENTS – The value of a particular property is very much affected by its location and commercial assets need the appraisal because they are first and foremost about business. This is why those that are situated beside, adjacent to or near key structures and establishments (e.g. roads, hospitals, educational institutions, malls, offices, etc) are considered promising compared to those that aren’t.

SECURITY AND CRIME RATE – At the same time the peace and security are topmost concerns for many which are why those that are located in areas with low crime rates and provide better security for both residential and commercial establishments and its people are deemed best.

LOW REPAIRS AND MAINTENANCE COSTS – Ongoing costs are a concern too. Even if the commercial asset is sold at a low cost but its repairs and maintenance expenses bloat over time, they are still not considered good investments.

GROWTH AREA CENTERED – Another way to spot promising commercial properties for sale is by looking at new building constructions and structures. In most cases, if the said project being built creates jobs, provides the country income, brings in investors and betters the economy then it increases the value of all other assets near it.

Choosing the Best Commercial Real Estate Investments

We always want to make the most out of our purchases and ensure that we get the value for our money. No one wants to lose in this kind of game especially if cash and fixed assets are at stake. You do not want to buy a pebble for the value of a diamond, would you? You certainly would not hence you will want to choose only the best commercial investment property for sale out there.

But first, what are they? Commercial real estate refers to properties whose purpose, use and functionality serves the needs of companies and businesses. In many cases they are used for offices or branches and the like. Of course they may be furnished by business entities as they deem necessary and for purposes of operations and transactions. When scouting for one, here are some of the questions to ask as you go.

commercial-Real-estateQuestion # 1: Where is it located? You’ve probably heard this time and again: location is key. This is true for any real estate investment whether for commercial, industrial or residential purposes. For commercially used ones, the closer it is to relevant establishments then the better it is situated.

Question # 2: Is it accessible to your target market? Of course even if the property is in the heart of the metropolis if you’re target market cannot access it then it’s all in vain. You have to invest in properties that suit and reach out to your audience.

Question # 3: Are there any specifications you seek? Are you in search of one with a huge parking area, a three flour building, a balcony or a large garden? How about a view of the beach or the city? Know if there are certain specifications that you want.

Question # 4: How are you going to finance it? Commercial assets like all other real estate investments need a huge sum for financing. With that said it entails that one has to plan and choose carefully what mode will suit them best. Consider those that will be most beneficial to your case.

Question # 5: What is your ideal useful life? When planning your commercial real estate investments you have to take a look at the estimated useful life of the property. This pertains to the expected time period in which the said asset is deemed to be useful.