broker and their company is a must. You need experienced people to plan any future layouts for you and to help minimize the building costs. You want to build a plan that will work for your company in the short and long term. Come up with a square foot range of what you can afford and what works for your company, on the small and large side. That way you aren’t taking any options off the table that may be surprisingly good for your company.
CONSIDER THE INVES ER THE INVESTMENT RIS MENT RISKS
Understanding that these risks can change with each building you look at is crucial. The risks can vary from each property, even when the buildings and the areas are similar. You have to keep your mindset geared toward the investment, not the short-term idea of your company working from there. Different types of properties have a bigger risk depending on what industry you are in, or if you are purely investing. An example is retail spaces or restaurants, which have a higher turnover rate than other types of industries. Office investments are much more stable. Commercial is usually riskier than residential investments, so knowing the risks is a must. Asking the correct questions will help you know how big a risk your investment is. So will having full knowledge of the surrounding area and business. Those affect the properties’ value a lot. Also, knowing if the area is on the upswing or downswing is important as well. You don’t want to buy land in a district that is undergoing a change from what you expect. The property’s history is crucial as well. You need to know its past taxes, utility statements, common-area maintenance history and
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