Tag Archives for " commercial real estate "

Commercial Real Estate Tips You Need To Know Right Now

By Andrew John Cocks | Muskoka Cottage For Sale

An investment in commercial property can be made for many reasons. No matter what you reason, you should be able to articulate a clear investing goal based on solid facts. You can make a lot from commercial real estate by learning more about it. Below, you’ll find some great tips to help you start your commercial real estate career, or to add to your already wide breadth of knowledge.

Before purchasing any property, you should investigate its area to determine the average income level, unemployment rate and whether or not that area is growing. Properties located near major employers, like hospitals, schools or distribution centers, are often more in demand at every price range.

Use of a digital camera is a simple and effective strategy. Take pictures of the damages, for instance spots and stains, holes or even discoloration on the bathtub.

Prior to investing massive sums of money in a property, take a hard look at community income averages, as well as employment rates, and how much hiring and firing nearby businesses are doing. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.

TIP! Take photographs of the property. Make certain that the pictures show irregularities, such as holes or bad paint on walls, carpet stains, and bathtub or sink discoloration.

Pest Control

Pest control is something you should look into when renting or leasing a property. Getting pest control covered is especially important if you are renting in a building or area that has had previous pest issues.

Location is a very important part of commercial real estate. Take the neighborhood of the property into consideration. Compare its growth to similar areas. By calculating growth in similar areas, you will be able to ascertain whether the piece of property you are looking at is going to continue growing.

You must be patient to succeed as a real estate investor. Make decisions calmly and slowly–don’t be in a rush to buy a piece of property. Don’t jump into a new investment too quickly! If the property turns out to be wrong for you, you will regret your decision. Stay patient; it could take a year or more for the perfect property to materialize.

TIP! If you are new to investing in real estate, spend some time surfing online resources that house information that seasoned investors use. There is no such thing as having too much knowledge, so it is always a good idea to learn as much as you can.

Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. Whether it be a twenty or ten unit apartment complex, you want to get adequate financing to back you up. The concept here is the same as any other situation where you are purchasing multiple things. The more you purchase, the less you will pay for each unit.

When choosing brokers with whom to work, find out the amount of experience they have dealing with commercial properties. Be sure that they specialize in the area that you are buying or selling in. Entering into an exclusive contract with that particular broker is a good idea.

Educate yourself on the meaning of net operating income (NOI), a term associated with commercial real estate used for investment purposes. Make sure you are staying in the black to be successful.

One of the most critical considerations for valuing a commercial property is its physical location. Consider the neighborhood of the property. Also, consider local growth projections. You’re not only thinking about the here and now; you want to look a decade down the line too. Pick an area with the potential for sustainable growth.

TIP! When choosing a broker, ask about their experience specifically in the commercial real estate market. Make sure that they are experts in the area in which you are selling or buying.

You have to think seriously about the neighborhood where a piece of commercial real estate is located. If the property is located in a prosperous area, your business is more likely to succeed because your potential customer base is going to be wealthier. If the business you run caters to a lower-income demographic, buy in an area that fits your clientele best.

Prior to listing your commercial property for sale, have it checked out by an inspector with at least five years of experience. Fix all problems that they find as soon as possible.

Real Estate

If you plan on renting out your commercial properties, find simply and solidly constructed buildings. These spaces are more likely to fill quickly with paying tenants who are drawn towards something that is well maintained. These types of buildings are easier to fix for everyone and they might not need as many fixes.

TIP! Always make sure that utilities can be accessed from the commercial property you are looking into. Water and sewer access will be needed in addition to electricity.

Before hiring any real estate broker, read all of his disclosures. Watch for possible dual agency. In this situation, the agent will represent the buyer and seller. This means the real estate agency will work as the landlord and the tenant. When it comes to dual agencies, both parties should actually agree to it and it should be disclosed.

As previously mentioned, you may want to invest in the commercial real estate market for a variety of reasons. However, no matter what your reason may be, you need to be knowledgeable about the subject. By using the advice in this article, you may find great success in commercial real estate.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Commercial Property May Be Easier Than You Think

By Andrew John Cocks | Muskoka Cottage For Sale

Commercial real estate investing has a number of enticing elements about it and various reasons to draw your interest. Make sure, however, that your decision is based on sound reasoning and a solid understanding of the market. When you glean knowledge from various sources, you can make a lot of money using commercial real estate. These tips are a great source for learning more about commercial real estate investing.

Take photos with a digital camera. Your pictures should portray any damage or defect in the property. Common things you should look for include any cracks or holes in walls, and damages to the carpeting.

When you are shopping for a commercial property, be sure to confirm that you will have access to utilities. You are going to need to sign up for utility services on your commercial property, along with the ones you have at your business.

When diving into the world of commercial real estate, it is important to stay calm and be patient. Don’t enter into any investment opportunity without doing the proper amount of research. You could end up finding that the property falls short of your total goals, making it a regretful purchase. Be patient, as it could take as long as a year for just the right investment property to turn up.

TIP! When dealing with commercial properties location is everything. Neighborhood is important, even when you are looking at commercial property.

Look at the surrounding neighborhood before you decide on purchasing a specific commercial property. If you buy property in a very affluent area, your business will likely be successful, because your clientele will be better able to afford what you are selling. Or, if you are offering a service particularly attractive to the less wealthy, you should purchase in a less well-to-do area.

Try to carefully limit the situations that are specified as event of default criteria prior to executing a lease for commercial property. This can decrease the chances of tenants defaulting on that lease. You want to avoid any circumstances that could lead to this occurrence.

Before placing your commercial property on the market, you should take the time to have it inspected by a professional inspector. Repair any problems that the inspector finds immediately.

You may find that you spend a large amount of time at first on your investment. It can take a little time to find a property worth purchasing, and you also may have to make necessary repairs. Even though this work takes time, don’t lose heart! The rewards you see will be much greater at a later time.

TIP! There are many things to consider when determining the best option between two commercial properties. When choosing between the two, think big! It’s just as difficult to obtain adequate financing for a 10 unit apartment complex as it is for a 20 unit building.

Commercial Real Estate

As has already been stated, there are various reasons for considering a commercial real estate investment, some of which require an education on the subject. If you apply the advice you learned in this article to your own commercial real estate endeavors, you will be well on your way towards maximizing your profits.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Luxury Cottages In Muskoka?

Sensible Commercial Real Estate Tips

By Andrew John Cocks | Muskoka Cottage For Sale

Selling or buying commercial real estate is a very rigorous process. Even if you are experienced, you might find out about something new or improve your understanding of something you thought you were familiar with. The following tips and techniques will help you understand all of the aspects of commercial properties.

You should take digital photos of the condition. Make sure the picture shows the defects (such as spots on the carpet, holes on the wall or discoloration on the sink or bathtub).

If you are looking to lease or rent, the issue of pest control is a critical one to address. If the area that you are renting in is known for pest infestations, it is especially important for you to talk to your rental agency about their policies for pest control.

Regardless of whether or not you are the seller or the buyer, negotiate! Make certain that your voice is heard, and do what it takes to find a fair property price.

TIP! Location is the most important factor in choosing a commercial property to buy. Neighborhood is important, even when you are looking at commercial property.

Location is a very important part of commercial real estate. You will want to consider many things, including the neighborhood that the property is located in. Compare its growth to similar areas. What you are seeing now in terms of commercial potential might be very different a few years from now.

When starting out in commercial real estate, it is important you understand the measurement labeled Net Operating Income, or NOI for short. To be a success, you need to be able to stay on the positive number side.

If you desire to rent out commercial real estate, then you need to find solidly yet simply constructed buildings. Tenants are more likely to move in when they know the property is well taken care of. These properties are also more cost effective for you and your tenants due to the fact that they only require minimal upkeep and repairs.

If you have to choose between two different properties, consider the benefits of opting for the larger amount of space. Getting the proper financing is going to the same hassle for a retail building with ten outlets as it would be for a retail property with twenty or even thirty units. This is generally like buying something in bulk, the more you buy, the less it is is per unit.

TIP! With the commercial property, you need to make sure there is easy access to the utilities. Your particular business might need additional services, such as cable, but at the minimum there should probably be sewer, water, phone, electric and gas.

Check out where the utility hook-ups are on any commercial property. Every business requires certain utilities, most commonly things like water, sewage and electricity.

Ensure that you have reviewed your contracts before negotiating leases so that you minimize the chances of default. This decreases the chances that the tenant will default on the lease. You want to ensure this doesn’t happen at all costs.

Before you begin your search for the perfect commercial property, have a clear picture of your needs. Make a list of the property features most important for you, such as square footage, number of offices, conference rooms, and restrooms.

Look at the surrounding neighborhood before you decide on purchasing a specific commercial property. Purchasing in an affluent area may help your business to be more successful, since the potential clients may have deeper pockets. However, if you’re offering services that less wealthy people may be more interested in, you probably want to purchase property in a less wealthy area.

TIP! Advertise the commercial property to both locals and non-locals. Most individuals make the error of thinking that only the people in their area are the ones interested in purchasing their property.

You may have to make some repairs or improvements to your property before you can move in. These changes could simply be cosmetic ones as simple as a new coat of paint or moving the furniture around. Oftentimes, moving walls and other fixtures is required to redistribute the floorplan. Negotiate payment for these improvements ahead of time, and attempt to have the landlord pay at least part of the costs.

Commercial real estate agents come in different types. Some brokers represent tenants only, while full service brokers will work with landlords and tenants. If you hire a broker that only deals with tenants you may be better off, they are more experienced.

Regarding commercial loans, it is the borrower’s responsibility to obtain an appraisal. The bank will not allow you to use it later. Spare yourself further hassle by initiating the request yourself.

Before making a commitment, you should request tours of any potential properties. Even better, have someone who knows commercial real estate tour the properties with you. Once that is done, you can submit your proposal and begin negotiations. Carefully look over any counteroffers you receive before you make your final choice, whatever that may be.

TIP! Get a site checklist if you are viewing more than one property. Get the responses from the first round of proposals, but make sure the property owners are aware of this before proceeding.

Real Estate

Of course, it is never wise to assume you have enough information about any important financial matter, and this includes commercial real estate dealings. There is always more to learn and information is always evolving when it comes to real estate. Implement your knowledge effectively to boost your success!

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Commercial Real Estate Pointers For Buyers And Sellers

By Andrew John Cocks | Muskoka Cottage For Sale

Commercial real estate is an easy market to break into, assuming you are savvy. Prior to getting into the market, you should understand a few key things. Read this article to find out more about common tricks and mistakes you should avoid to become a successful investor.

Before purchasing any property, you should investigate its area to determine the average income level, unemployment rate and whether or not that area is growing. In addition, you want to keep in mind what else is close to the property. Any place that supplies a large number of jobs to the economy can raise the resale value of any property and make it much faster to sell if you decided to go that route. Big employers might consist of hospitals, factories, or universities.

You should expect your commercial real estate investment to require a significant time commitment. You will have to hunt for a good opportunity, and once you have bought property, you might have to do some repairs or remodel it. Don’t throw in the towel because the process is taking too long to complete. Later, you’ll be rewarded for the time and money you have invested.

When you are buying or selling commercial real estate, always negotiate. Ensure that your voice is heard, and that you are offering-or receiving-a price that is fair for both parties.

TIP! F

When selecting a broker, find out the amount of experience they have with the commercial market. Be sure that they specialize in the area that you are buying or selling in. When you find the right broker, make sure your agreement is exclusive.

Make sure you have sufficient utility to access on any commercial piece of real estate. Look for access to water, electricity, gas an a sewer or anything specific to what you intend to use this property for.

If you are thinking of selling a commercial property, your experience will be much smoother if you utilize the services of a professional and have it properly inspected. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

Get the credentials of any person who will be doing an inspection on a property you are trying to buy. Pest removal companies should be closely checked because many non-professionals do this work. This helps avoid major post-sale problems.

TIP! When renting out your own commercial properties, keep in mind that is always best to have them occupied. Remember that if you have empty units, you have to take care of them.

Do a walk-through of each property on your short list. As you tour each property, you should bring along an experienced contractor who can offer helpful input. Set the stage for future negotiations by putting forth the preliminary proposals. Take your time and really explore your offers before you decide to buy or pass.

Always include emergency maintenance on your list of need to know things. Ask in advance who will be handling any emergencies that arise. Keep their numbers updated, and know how long it takes them to arrive on average. Develop an emergency plan for those times when disruption in your services occurs. This advance planning can save your business reputation if an emergency strikes.

Commercial real estate agents specialize in working with different types of clients. Some brokers or agents only work with tenants, while others will serve both tenants and landlords. If you hire a broker that only deals with tenants you may be better off, they are more experienced.

Before you enter into any negotiations for a lease on commercial real estate, attempt to decrease anything that may be thought of as a default event. If you cover all the applicable issues, then you make it far less likely that potential tenants will default on their lease. You, of course, would not desire this to occur.

TIP! Be sure to have your property inspected by a licensed inspector prior to placing it up for sale. If they flag issues that need to be fixed, repair them before you list the property for sale.

Dual Agency

Make sure you try to read any disclosures for your agent. It is important that you realize that you may be entering a dual agency transaction. In a dual agency the Realtor represents both parties of the transaction. Dual agency occurs when the landlord and the tenant hire the same agent. Dual agency should be disclosed and both parties should agree to it.

As we stated at the top of this article, it is best to know about commercial real estate before you start looking for a property. Hopefully this article has helped prepare you for your commercial real estate venture.

Advertise the commercial property to both locals and non-locals. Don’t be mistaken by the thought that locals will be the only people interested in your sale. There are many private investors who will buy affordable priced property in any area.

TIP! If you are investigating multiple properties, make sure that you take a site checklist with you. After you collect your first proposals from all the property owners, let them all know that you’re looking at other properties before you make your decision.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Tips For Getting The Most Out Of Commercial Real Estate

By Andrew John Cocks | Muskoka Cottage For Sale

Commercial real estate is a very profitable business for some people. Of course, there is no single magic trick that will guarantee success. In addition to putting effort into buying and selling properties, you need to educate yourself about the commercial real estate market. You will become more successful as you gain more experience in the market. The article will explain in simple terms some strategies to get you started investing in commercial property.

Don’t be led by hype and fads when searching for commercial real estate. Do not be hasty about making a investment decision. You’ll regret it quickly if your lack of research results in a property without much re-sale value. Realistically, it can take upwards of a year to find the right investment in your local market.

Pest Control

You must be patient to succeed as a real estate investor. Make decisions calmly and slowly–don’t be in a rush to buy a piece of property. Do not make impulsive decisions. If the property doesn’t suit you in the end, you may regret your hastiness. It could take you twelve months or longer to get the deal that fits you perfectly.

TIP! Figure pest control into your rented or leased commercial real estate property costs. This is especially important if the region is known for certain types of pest infestations.

If you are renting or leasing, be sure to know about pest control arrangements. This is important in less desirable locations where rodents and/or bugs are an issue. Have your rental agent inform you of any associated policies for pest control.

Commercial real estate is more time consuming, confusing and involves more than just buying a home. The duration and intensity is necessary if your investment is to yield a high return.

You will probably have to put a lot of effort into your new investment at the beginning. First you have to hunt down a good deal, and then, after your purchase, you may be required to complete some repair work or remodeling. Do not let the lengthy nature of the process discourage you. Once you get the property ready, you will be compensated for years to come.

Take some time to visit websites that are devoted to commercial real estate. These sites have lots of information for both new investors and seasoned professionals. You can never have too much knowledge.

TIP! Pay attention to the location of a property. Take into consideration the class level of the neighborhood, other commercial properties surrounding it, and accessibility.

When you are picking between commercial properties, think big! Regardless of which way you choose, coming up with the capital is a common factor, so often times it will be be worth digging a little bit deeper to get the larger property in order to maximize your long-term profits. Think of it like purchasing in bulk; as you buy more, each individual unit costs less.

Real Estate

If you are selecting a broker, ascertain the amount of experience they have had within the commercial real estate market. Make sure that the agent has the proper expertise with the type of real estate purchase or sale you are looking for. Once you find the broker you want to use, sign an exclusive agreement.

Your investment may require a large amount of time to begin with. The time aspect of the investment includes finding the property and making any repairs to the property. You should never give up because it is time consuming. Once you get the property ready, you will be compensated for years to come.

TIP! There are many things to consider when determining the best option between two commercial properties. When choosing between the two, think big! Finding the right bank to finance you might be hard, even if you are going for a smaller building.

As long as you are willing to put forth the effort, it is possible to become very successful in the industry. Keep this information in mind and apply it to your business. Make sure you continue to learn more about the industry, and seek out ways to improve what you are doing. The more experience you gain, the more likely you will become successful.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Commercial Real Estate Made Simple. The Best Tips And Tricks!

By Andrew John Cocks | Muskoka Cottage For Sale

Everything must be in the right order when you are selling or buying commercial real estate. While you may feel confident in this field, the truth is that even the masters of real estate continue to learn as much as possible every day. This article can shed more light on this subject.

You should expect your commercial real estate investment to require a significant time commitment. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed. Don’t abandon your investments because they are eating into your personal time. Later, you’ll be rewarded for the time and money you have invested.

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Regardless of whether the property you decide on has twenty units or fifty, the process of obtaining financing will be the same, and in both cases will require substantial effort. Think of it like purchasing in bulk; as you buy more, each individual unit costs less.

Negotiating is essential. See to it that your concerns are heard and all you want is a fair price when it comes to the property.

TIP! Look at the neighborhood you’re thinking about investing into, you want to check things like unemployments rates, income levels, and different rates of expansion so that you have an idea of where the neighborhood stands, and what potential it has in the future. For example, buying a home near a large employment center, such as a university or hospital, will lead to a higher value and faster sale down the road.

You should try to understand the NOI metric. For the investment to be profitable, it has to produce more income than operating expenses.

You should be certain that your asking price is a fair offer for your piece of real estate. The value of your property is determined by an entire series of different factors.

Search for buildings that are simply designed and constructed if you’re planning on renting out commercial property. Rental spaces that appear sturdy and well-maintained tend to attract tenants more quickly. This type of property will also make maintenance much easier on both you and your tenant.

Use your digital camera to take pictures of the property. Be sure that the pictures show any current problems with or damage to the home.

TIP! In the beginning, you may find it necessary to spend a great deal of time handling your investment. First, you will need to search for an opportunity and purchase the property, as well as perform any repairs that are required.

Commercial Property

Always keep tenants, otherwise, your commercial property will end up costing you money instead of making you money. Maintenance and upkeep costs for commercial property can be substantial and rental income is essential for paying those costs. If you discover that you have multiple properties that are unoccupied, you should attempt to ascertain the underlying reason. Further action may be required on your part to avoid scaring off potential tenants.

One of the biggest considerations in the process of attaining commercial property is to know the neighborhood of each and every prospective location. If you buy property in a very affluent area, your business will likely be successful, because your clientele will be better able to afford what you are selling. However, if your services are more frequently utilized by people of lower socioeconomic brackets, be sure to find a neighborhood that suits it.

When selling a property, you should make certain that whatever price you set is realistic. Many things alter the value of your property./

TIP! Make sure that any property you’re considering purchasing has access to all the utilities you’ll need. The utilities you will need for your business go beyond electricity; you will also need water, sewer and gas, as well.

If you are thinking about commercial real estate investing, consider the many tax breaks you will receive. Not only are there interest deductions, but also depreciation benefits to be aware of. However, investors sometimes receive “phantom income”, which is income that is taxed, but not received as cash. Learn about phantom income and taxes on commercial income before you invest in your first property.

Of course, it is never wise to assume you have enough information about any important financial matter, and this includes commercial real estate dealings. Always seek out new information, and use the tips provided here to help you gain a much stronger market position. Take full advantage of what you’ve learned, so that you can make money.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Learn How To Properly Manage Commercial Real Estate With These Tips

By Andrew John Cocks | Muskoka Cottage For Sale

Commercial real estate investments require careful study, research, and patience to become highly profitable. Many people have become commercial real estate professionals after applying the advice found in this article.

Take plenty of pictures of the building. Try to make sure that your pictures shows the defects.

Find websites which contain expert information on commercial real estate and use the information to your own advantage. It’s not possible to be too knowledgeable, so keep researching new investing strategies.

Examine socioeconomic conditions in the neighborhood you’re thinking of purchasing commercial real estate in. Pay special attention to the unemployment rate, and the average income level in your property’s neighborhood. If the building is near certain specific buildings, including hospitals, universities, or large companies, you might be able to sell it faster and for more money.

TIP! Be calm and patient when looking at commercial real estate. Don’t jump into a new investment too quickly! You could end up finding that the property falls short of your total goals, making it a regretful purchase.

Think larger when you’re thinking about two commercial properties that are viable. Financing may be no more difficult for the large apartment building than the small one. Generally, this is similar to the principle of purchasing in bulk; if you purchase more units, you will end up getting a better price per unit.

You should be certain that your asking price is a fair offer for your piece of real estate. Most appraisers can’t take all factors into account because there are an infinite number of variables involved in determining the value of a piece of property. These variables can all make your property worth less than the appraisal claims it is worth.

One major part of commercial real estate deals is inspections. When property you are involved in is being inspected, take steps to verify the legitimacy of every inspector. This is even more important for those who deal in pest removal, as many of them work without accreditation. Making sure all your inspectors are certified will prevent problems from arising after the sale.

Purchasing commercial real estate is a much more lengthy and complicated process than that of buying a home. Although commercial property purchases take longer you will normally receive a higher return on the investment.

TIP! Don’t become greedy and over-inflate your real estate asking price. There are a number of variables that can affect the realistic value of your property.

If you rent out your commercial properties, always remember to keep them occupied. If you’ve got open spaces, then the person will end up paying for maintenance and upkeep. Consider why your property has driven away tenants and try to rectify the situation.

You have to think seriously about the neighborhood where a piece of commercial real estate is located. Purchasing a property in a neighborhood that is filled with well-to-do potential clients will give you a lot better chance of becoming well-to-do yourself! However, if your products or services correspond to a specific social category, make sure you find a property in an area that corresponds to your target audience.

Tour any properties you are considering for purchase. As you tour each property, you should bring along an experienced contractor who can offer helpful input. Open negotiations after making your offer. Prior to making any final decision, you should thoroughly go over the counteroffers you have received.

Make sure you have sufficient utility to access on any commercial piece of real estate. Water and sewer access will be needed in addition to electricity. You may want the option to use natural gas, as well.

TIP! When you are selling a commercial property, always make sure to include all buyers; this includes local and non-local buyers. Many people think that investors who don’t live in their city will have no interest in their property, but this is untrue.

When you are writing up the letters of intent, keep it simple by going for agreement on the larger issues first and let the smaller issues wait for a later time in the negotiations. By focusing on the big stuff first, you will have more pleasant negotiations, and you will be better able to manage small matters in the end.

You may have to make some repairs or improvements to your property before you can move in. This might include superficial improvements such as repainting a wall or arranging the furniture more efficiently. The change could be significant like moving an entire wall to work with a new floor plan. Plan on negotiations with the owner of the property to see if all, or part, of the costs can be covered by said owner.

By reading and applying the tips above, you can begin wisely investing in real estate. By applying the ideas presented in the preceding paragraphs, you can also reap the rewards to those who take the time to educate themselves about commercial property investment.

Do a walk-through and close evaluation of each property you are considering. Bring a contractor along so that you don’t forget to inspect any important features. Set the stage for future negotiations by putting forth the preliminary proposals. Judge the counteroffers prior to making a decision either way.

TIP! A letter of intent should be simple to begin with, covering only the larger issues. Once an agreement on those terms are made, you can begin addressing the smaller issues.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Small Business Commercial Real Estate Tips And Ideas

By Andrew John Cocks | Muskoka Cottage For Sale

Taking part in a commercial real estate venture often becomes stressful and can seem like a lot to handle, not only for beginners, but also for those who are more experienced. The advice of the following article will guide you through the often confusing and complicated world of commercial real estate, and hopefully see you better prepared for succeeding in it.

Before you make a large investment in real estate, take a look at local income levels, unemployment rates and the expansion or contraction of local employers. Property that is located near a large business, a college, or a hospital has better resale value and will often sell easier.

Real Estate

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. In addition, you want to keep in mind what else is close to the property. Any place that supplies a large number of jobs to the economy can raise the resale value of any property and make it much faster to sell if you decided to go that route. Big employers might consist of hospitals, factories, or universities.

TIP! You should take digital photos of the condition. Your pictures should portray any damage or defect in the property.

When entering the commercial real estate market, patience is perhaps your best ally. Do not rush into making quick real estate decisions. Going too fast could result in a loss that you could have seen coming had you stopped, researched, analyzed, evaluated, and cross-checked the potential with your desired goals. You may have to wait months or even years to find the ideal investment.

Do some research on the internet to learn more about real estate and investing, whether you have a lot of experience already or are completely green on the matter. Learning more about real estate will always benefit you, and you can never learn enough.

Be prepared to put a large amount of time into a real estate investment right from the start. It will take time to find a lucrative opportunity, and after purchasing a property, it may need repairs or remodeling. However, don’t give up just because this will take time. Your patience will eventually be rewarded through profits.

An essential fundamental of commercial property is location, location, location. What type of neighborhood is the property in? Look at the growth in similar areas. Since you will likely still own the property in ten years, you want it to be located in an area that is likewise still desirable in ten years.

TIP! If you have two commercial properties on your short list, you should buy the larger one, if at all possible. If you will be financing the purchase, you should take into account that doing so will require just as much time and effort for a small lot as it will for a larger lot.

Commercial rental buildings should feature sturdy construction and simple details. These buildings give off an appearance of being well-maintained and are more inviting to potential tenants. These properties are also more cost effective for you and your tenants due to the fact that they only require minimal upkeep and repairs.

The search for commercial real estate can be difficult and frustrating, no matter how experienced you are. Apply the advice from this article to help make your search for that perfect piece of commercial property a little less stressful, and a lot more enjoyable.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Advice To Help You Buy And Sell Commercial Properties Easily

By Andrew John Cocks | Muskoka Cottage For Sale

An investment in commercial property can be made for many reasons. At the same time, the choice to make this sort of investment must be your own, based on your own knowledge base. Your level of expertise will have a direct effect on the amount of money you’re able to get as a return on your commercial real estate investment. The advice and tips shown below will be a good foundation for you as you begin to learn more about commercial real estate, or give you more information to build on your current level of understanding.

Use a digital camera to document the conditions. The picture needs to show defects like carpet spots, wall holes, or discolored sinks and tubs.

Always remain calm and patient when dealing with the commercial real estate market. Don’t jump into any investment without doing your research. You could end up finding that the property falls short of your total goals, making it a regretful purchase. Be patient, as it could take as long as a year for just the right investment property to turn up.

Whether you’re buying or selling commercial real estate, make sure to negotiate. Make certain that your voice is heard, and do what it takes to find a fair property price.

TIP! Take into consideration the local unemployment levels, average income, and job market before investing in real estate. Homes that are located near schools, hospitals and other major employers are assigned a higher resale value.

Pest Control

Before you sign a lease, find out about pest control. This is especially important when an area is known to have pest and rodent problems. Prior to signing a lease, ask your agent what the current pest control policies are.

Location is essential to the commercial real estate. Pay attention to the property’s surrounding area. The neighborhood’s demographics, including socioeconomic status and age of residents, influence the success of your investment. Compare its growth to similar areas. The area you buy in needs to have potential over the next 5 to 10 years.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Don’t rush to make an investment. You may soon regret it when the property does not fulfill your goals. You may have to wait months or even years to find the ideal investment.

TIP! If you are looking to lease or rent, the issue of pest control is a critical one to address. If the area that you are renting in is known for pest infestations, it is especially important for you to talk to your rental agency about their policies for pest control.

Residential property transactions are much less intricate and protracted than are commercial transactions. However, all of this is required because it facilitates higher returns on your investments.

It is always best to be aware of how your asking price is in relation to the market price. Different variables can have an impact of the value of a lot.

With the commercial property, you need to make sure there is easy access to the utilities. Your business has utility needs of its own, but you will also need water, electric, sewer and maybe even gas.

Location is just as important with commercial real estate as it is with residential properties. Consider how the neighborhood will affect business. Compare this neighborhood to the growth of other similar areas. If you make an investment in real estate, it is in your best interest to ensure that your property is in an area that will still be growing in five to ten years.

TIP! Commercial transactions are significantly more time-consuming, complex and involved than the home-buying process. You should understand that although this is a huge undertaking, when all is said and done you will receive a big return on the investment.

Be sure to have a professional building inspector go through your property before you put it up for sale. You can fix any problems right away so you have the best available property.

Tour any properties you are considering for purchase. You can even take a contractor with you to provide expert advice. Begin negotiating and the process of offers and counter offers. Make sure you evaluate any counteroffers well enough before you make any purchasing decisions.

When you are composing a letter of intent, you should emphasize simplicity by negotiating on the bigger issues first, then addressing the minor issues later in the negotiations. The initial negotiations will be less tense and the smaller issues will seem less important later.

When making decisions between one commercial property and another, think big. The difficulty in securing financing doesn’t increase linearly with the size of the building you are buying. This just reflects the general advantage of buying anything in bulk; when you buy a property with more units, you get a lower average price for each one.

TIP! When you are picking a broker, make sure you know if they are experienced within the commercial real estate market. Make sure that their particular business focus includes what you are interested in.

You need to know the details of emergency maintenance procedures. You should ask your landlord who is in charge of handling emergency repairs. Learn the phone numbers and response times. Take advantage of this information to devise a contingency plan in order to prevent and respond to customer complaints resulting from maintenance issues.

If you have determined that the commercial real estate market is for you, then make sure that you do all you can to get as much information as possible to ensure ongoing success. Use these pointers and you will increase your chance at maximizing your investment.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Picking The Right Location For Your Commercial Property

By Andrew John Cocks | Muskoka Real Estate

Before you invest in a piece of commercial property, carefully survey the market and choose the best kind of property for your needs. If you do not invest in the right real estate, you could end up losing a lot of money. Read this article to learn how to make better decisions about real estate.

When entering the commercial real estate market, patience is perhaps your best ally. Do not make impulsive decisions. If the property turns out to be wrong for you, you will regret your decision. You should be prepared to wait an entire year before a worthy investment becomes available to you.

Commercial property is an investment. This investment is not just money, but also time. Not only will you have to search out the right property, you’ll likely have to make repairs or renovations to it after the purchase. You should know what to expect and not give up. You may need to spend some time researching before buying your commercial real estate purchase, but it will pay off in the end.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. Properties located near major employers, like hospitals, schools or distribution centers, are often more in demand at every price range.

TIP! Take some digital photos of your property. The picture needs to show defects like carpet spots, wall holes, or discolored sinks and tubs.

You should try to understand the NOI metric. To be successful, you must stay profitable.

When considering a piece of property, you must pay close attention to the surrounding area. If you purchase it in a more affluent neighborhood chances are your business will be more successful, because the pockets of your potential clientele are a bit deeper. However, if your services are more frequently utilized by people of lower socioeconomic brackets, be sure to find a neighborhood that suits it.

Try to decrease potential events of defaults before negotiating a lease. This lowers the chance that the person renting will fail to uphold their end of the lease. This is one thing you don’t want to happen.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Don’t invest in a hurry. You might find out that the property is not what you needed after all. You should be prepared to wait an entire year before a worthy investment becomes available to you.

TIP! If you are looking to lease or rent, the issue of pest control is a critical one to address. This is especially true when renting in an area that has a lot of bugs or rodents, so be sure to talk to the rental agent about some pest control policies.

Advertise your property for sale locally and outside your region. There are a lot of people who make the big mistake who think that only local people want to purchase their property. Private investors will purchase properties outside of their area if the prices are low enough.

Conduct tours of potential properties. When looking at a property that you are thinking of purchasing, it’s a good idea to have a licensed contractor accompany you. Decide on an initial offer and start negotiations. Before making any sort of decision after a counter offer, evaluate it once and then evaluate it again.

It is definitely possible to have significant success when investing in commercial properties. However, your success depends on research, knowledge, expertise, and just a hint of luck. Some will still not succeed, but using the tips in this article will give you a much better chance of being successful.

When purchasing any type of commercial property, pay close attention to the location of the real estate. What type of neighborhood is the property in? Also review the expected growth of other similar communities. By calculating growth in similar areas, you will be able to ascertain whether the piece of property you are looking at is going to continue growing.

TIP! You should expect your commercial real estate investment to require a significant time commitment. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?