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.