What should be my approach on buying commercial property?

 Commercial Property is a good investment for anyone to put their money in. However, it is very much important to understand the basics when you are buying a commercial property.

-Location: One of the major factors to look at is the location of the commercial property. The surrounding decides the tenant and income of your property such as availability of banks, bus or metro, eateries surrounding commercial establishments, etc. Having prime based locations is an added advantage commercial specific to the main road leads to more visibility and inflow of clients

-Structure: Commercial properties can be of various specifications G+2, G+4, G+6, and so on. It is as a buyer you have to decide which specifications suit you and how many tenants would you wanna have in your facility.

-Maintenance: Maintaining a building as a whole is a bit of a challenge. Just how the human body is supposed to have regular check-ups, your building also needs to be maintained on a regular basis. Common areas, basements, Transformer, Generator, Lifts, Security, Housekeeping needs to be maintained and have to be kept in regular check. The buyer needs to be ready to take care of this for the longevity of the building.

-Documentation: Documents of the building is a must and need to be carefully administered. The important things when purchasing are the plot size, built-up area, deviation verification, CC and OC, fire exits, tenant lease papers, ownership details, and much more. It is important for an experienced lawyer to have a look at the papers before finalizing the deal

-Income: Generally all the buyers give exclusive importance to the income which will be generated from the property. The term is “Return on Investment” or simply ROI which means the amount of money you will receive on your investment. It is important as it helps you track the expense of your maintenance and revenue for you to invest in other fortes of businesses.

In conclusion, commercial properties are a healthy option for people who want to invest their money and patiently wait for the income and are ready to take care of the building for a larger duration.

For more guidance and one to one discussion, you can reach to OwnersTown’s Real Estate Experts on +91 96202 46980.

Is it a good time to Buy Premium Commercial Properties?

The only time you shouldn’t buy Premium Commercial Properties is when the respective market shows a spike in the rates but the scope of the market gets pretty down. As of now, we are struggling with a pandemic. We never know when this situation will resume to normal but when it does, Premium Commercial Properties will see a surge in the demand. There are high chances that there is going to be a drop in the prices of the commercial properties during the lockdown period and even after.

If you are thinking about buying a Premium commercial property that is apt for the business you are trying to set up, you should definitely contact Property Management Companies to get it right.

The Property Management Consultant knows what’s best for you. 

Why should you buy Premium Commercial Properties?

Premium Commercial Properties is always a great shot for Commercial Property Investors since the Return of Investment is high.

With a Premium Commercial Property, you will have a lease signed from the tenant. The lease is usually for a minimum of 5 years which means a consistent mode of money for you.

Since it’s a Commercial Premium Property, you’ll only deal with corporates or any other big employers. It is also easy to deal with corporates.

All you have to do is simple. Let the client/corporate take over the unit. You don’t have to furnish or do anything that brings a look to the place. The office that rents your property will take care of the place and they know how the property should be furnished.

Is it a Good Time to Buy Commercial Premium Properties? 

Though there are speculations about Commercial Properties going down during this lockdown due to the pandemic caused by the novel coronavirus. But, guess what? It’s nothing like what you think. There is still a chance that you can get great deals for Premium Commercial Properties. You may need it once the situation resumes to normal.

This pandemic has changed so many things and is going to give a new experience and a fresh start for the Premium Commercial Property Sector.

There could be risks during this period while buying Premium Commercial Properties and we think you may have to consult Property Management Consultants in Bangalore to know what the situation is actually like in the place you are willing to invest.

If you are watching the market closely, you should know that the deals worth crores are getting closed every day. There must be someone who’s buying these Premium Commercial Properties, right?

But before you buy, you need to keep some things in mind,

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• Location
• Quality Properties
• Analyze the demand and supply in that area
• Be aware of the current rent in the market
• Let your clients do their own internal fit-outs
• Potential Tenants add value to your property
• Diversification ultimately reduces risks

All these will help keep you on the right track in finding the best Premium commercial property for you to invest in.

Although the pandemic is taking us in a swirl, it is a great time to buy Commercial Premium Property, as per the Property Management Consultants’ take. This is the point that you should note if you are an investor.

You can just go ahead and negotiate the price you’ve been wanting, pointing at the current situation. This is really a great reason to buy Commercial Premium Properties at the moment.

You can take your time and analyze the prices of the properties on Property Management Portals or check with any real estate dealers to get your facts right before deciding the property to invest in.

We are witnessing a steady rise in the Commercial Premium Property Investment. When you are finalizing a property, you can have a Property Management Company like Ownerstown to have your back. Property Investments are big decisions and having a support like that will surely put you forward and help you from making any blunders.

Advantages of Investing in a Commercial Premium Property:

• The interest of the tenants/clients and the property owners will go together.

If at all it derails, it affects both of their businesses. One, the retail tenant will lose their business and on the other hand, the property owner couldn’t get any hold of the tenant. So, both of them will agree with each other’s ideas and interests.

• It’s more of a Business-to-business type. This guarantees a professional relationship
• Investing in Premium Commercial Properties gives you a better return than any other residential property. Investing in Commercial Properties is a wise option.
• Only 8 – 10 hours of an accommodation per day
• Easy to do Price Evaluations
• Just like these advantages, everything comes with its own disadvantages.

Pros and cons

Disadvantages of Commercial Premium Properties:

• Huge Investments
• You will be pushed into multiple dealings and before you know, your plate will be full.
• You will need professional support like having a Property Management Company to manage your property. You can’t manage it yourself with all the mounting up issues.
• You ask for more risk with your Commercial Premium Property

Did you Know?

People think that Commercial Properties and Premium Commercial Properties are not for commoners but it’s more of like they are for big investors, and people in the business class. That is a completely false statement.

They made it look like that because for a commoner the risk that is involved in Commercial Properties is a nightmare but on the bright side, there is more money. The returns are great.

If you ever get any doubt in investments like investing in a Premium Commercial Property or residential property, cut the doubts and confusion by approaching OwnersTown, a Property Management Company in Bangalore.

Closing Points:

We believe to have given you an entire idea of “what Commercial Properties are”, “what it is like to invest in them”, “their pros and cons”, “the mere idea of investment”, and everything about Commercial Properties.

You should let yourself off the hook to unfold what the Premium Commercial Properties are going to give you in return when you are all set to invest in it.

We hope this blog is of some help to you.

Happy Investing!