Tips for Commercial Investment
Buying a commercial property is a
very important decision for everyone. Being a buyer, you want to ensure that you
are investing in the right venture. Hence, to make the task slightly easier for
you, here are some important tips on investing in the right commercial
property.
Review the Location
Location of a property plays the
most important role in deciding its price, and future of your venture. A
Commercial Property provide with returns through two avenues – rental income
and capital appreciation. Before you invest, ensure that the location you have
chosen has a good catchment of residential projects, as the success of a
commercial project in any location depends on the residents in the location.
Apart from having good social infrastructure and easily commutable via public
transport, the locations where vacancy is less than 5% will ensure that the
tenants are less likely to vacate, which will eventually lead to higher rents
and capital appreciation. A high vacancy location gives tenants the options to
move and renegotiate rentals.
Parameters of Quality
Two developments may be in the same location, but the one
boasting better quality will always get occupied first. Also, the better
quality of the property will also attract better quality of tenants. Needless
to say, it will get the investor higher rents, better retention of tenants and
higher appreciation. You can look for certifications like LEED gold or platinum
ratings or buildings that have a large frontage, higher ceiling heights, more
elevators, electricity back-up, parking facilities and better views. The properties
with quality higher than the average are also more liquid and can be sold much
faster.
Choose the Right Developer or Consultant
Another important part of choosing a property is choosing
the right developer. It is essential that you, as a buyer, can trust the developer
you are buying the commercial property from or, just save yourself from the
hassle by connecting to a trusted consultant. There are several benefits of
hiring a consultant, because they can help you with their market research, in
comparison to an individual, a consultant is more informed about the reputation
and trustworthiness of a particular builder or project. Getting an expert’s
advice will guide you as to which property would be suitable for you to invest
in considering your expectations from your investment and hiring a consultant
is also a win-win game for the fact that you get ample of options suiting your
requirements, while it’s only you who possess the authority to make a final
decision. Therefore, it is important for you to be well-acquainted about the
commercial property, while an expert will help you choosing the right property.
For More Details:-
+91-97161 11107
7th Floor, Golf View Corporate Tower
Golf Course Road, Gurugram,
Haryana, India
Golf Course Road, Gurugram,
Haryana, India
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