You should also confirm the environment of the property you are acquiring especially if it is for commercial purposes for efficient and effective production.
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You may mean about the potential health of the business in that location. Maybe you can check the presence of potential customers so that you can be confident when the business moves or start there. That is one issue with commercial locations because in our village many stores are opening and later on will be closing due to lack of customers.You should also confirm the environment of the property you are acquiring especially if it is for commercial purposes for efficient and effective production.
Before you buy a particular property as you have likely said you have to check the effectiveness of the property confirm the real ability to make sure that it is not scam and also the location of the property, all this matterscheck the effectiveness of the property
confirm is the property is from a reliable source and not a scam
do not rush into paying make sure to check all u need to
This is something you should have a good understanding about because it seems you are also interested of becoming a real estate investors and agents, I was expecting you to have a good understanding about it also.I do not have an experience in buying a commercial real estate property but I remember my father's aunt who bought an old theater in Manila. The estimated earnings would recover the investment in 5 to 10 years. But after a year of operating on a loss they decided to sell the property. Fortunately they earned a profit that they were able to recover money from the losses during the 1 year of operation. It is not easy to make estimates of a commercial property because it depends on the kind of business.
Before buying any commercial property with the aim making high return on investment.
Five (5) things I check to determine if my investment will yield more than the estimated profit are;
1) Gross Rent Per Year
2) General Vacancy Rate
3) Annual Rent Growth
4) Expenses Per Sq/Room/Yr
5) Annual Expense growth
What do you check before buying a commercial property?
Before estimating your return on investment, check the quantity of apartments you're renting out, check how much each costs, calculate the costs expended on repairs and renovation.Before buying any commercial property with the aim making high return on investment.
Five (5) things I check to determine if my investment will yield more than the estimated profit are;
1) Gross Rent Per Year
2) General Vacancy Rate
3) Annual Rent Growth
4) Expenses Per Sq/Room/Yr
5) Annual Expense growth
What do you check before buying a commercial property?
The location of the commercial property is something that I will always consider before purchasing it because as long as a commercial property is not situated in a position where I would make more profit from it is definitely not a good buy.Before buying any commercial property with the aim making high return on investment.
Five (5) things I check to determine if my investment will yield more than the estimated profit are;
1) Gross Rent Per Year
2) General Vacancy Rate
3) Annual Rent Growth
4) Expenses Per Sq/Room/Yr
5) Annual Expense growth
What do you check before buying a commercial property?