Commercial real estate can be hugely profitable and make you wealthy. There is no guarantee that your commercial real estate purchase will be profitable, so be sure that you are in a position to handle the loss if things do not go exactly as you planned.
If you are looking to lease or rent, the issue of pest control is a critical one to address. If you are renting in an area that is known to have a lot of rodents, pests, or bugs, then ask your agent what the policies on pest control are.
Location is just as important with commercial real estate as it is with residential properties. Think about the neighborhood your property is located in. Compare its growth to similar areas. This is important, as you don’t want to be in a current growth area only to have the neighborhood stagnate in a few years.
Ask any potential broker about what experience they have had with commercial property before choosing someone to represent your interests. Look for brokers who specialize in the type of commercial property that you’re purchasing or selling. Once you find the broker you want to use, sign an exclusive agreement.
Research local prices similar properties have sold for before setting a price for your commercial real estate. There are a lot of factors that determine the value of the lot.
Always make sure that utilities can be accessed from the commercial property you are looking into. Look for access to water, electricity, gas an a sewer or anything specific to what you intend to use this property for.
You can make a significant income from commercial investments. Approach this activity as an investment of your money, but also of your time and hard work. Apply the tips you have just read next time you go deal with real estate matters.
Business Offices for Lease in Santa Ana
1850 East 17th Street, Suite 117, Santa Ana, CA 92705, USA
Call Today: 714-543-4979 – Santa Ana Leasing Office by Atrium Property Suites