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Pointers When Purchasing Commercial Investment Properties for Sale

commercial propertyReal estate is such a broad and complex topic making it a great point or subject of discussion. It’s also particularly interesting especially for business-minded folks who are in search of or are into investments. But before you decide to purchase those commercial investment property for sale, either for use in operations or as the product itself, here are a few pointers to take note of.

  1. Make it a point to research. – But what exactly should you look into? A lot to be honest, for instance which areas are most valuable or which brokers/agents are to be trusted. When it comes to looking for the right investments and good deals, a lot of research is to be had. The internet is perhaps one of the most potent tools but let’s never discount what traditional means, like word of mouth, can do.
  2. Take things with a grain of salt. – Sellers will always highlight the best aspects of the commercial investment properties for sale but will rarely voluntarily talk about their flaws upfront. It is therefore up to buyers to sift through the details and determine fact from fallacy or exaggeration as well as to validate them which brings us back to number one.
  3. Knowledge is might and power – It’s crucial to understand at least the basics of real estate and how the market works considering how things can change easily with the presence or absence of certain factors. These can even change depending on the time, the current trends the economy and the area so arm yourself with enough knowledge both to understand and to avoid being fooled.
  4. Think foot traffic. – Since we are talking about commercial investment properties for sale, foot traffic is an important element to consider. Without this level of exposure and reach, it would be hard for the properties to provide enough value and effectivity to at least break even. Foot traffic pertains to the amount of people that come across the establishment on a daily basis regardless if they’re old, recurring, new or potential customers and regardless too if they walk in, pass by or drive by.
  5. Choose lower ongoing costs. – Some commercial investment properties for sale may appear reasonably priced upfront but come with unusually high ongoing costs. Avoid them at all costs since they tend to be particularly expensive in the long run. But since sellers do not often give details about this then it is up to buyers to look into such factors which is why experts always advice people to have assets surveyed beforehand.


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Property Investment Facts You’d Never Believe Were True

red doorSome people think that the topic on property investment is either complicated or boring. We beg to disagree and today we’re giving everyone a rundown of cool and perhaps weird facts you’d never believe were true. Are you ready?

  • Some doorknobs can clean themselves. No kidding! But they have to be brass. The metal possesses a certain characteristic that creates the oligodynamic effect which means that they repel and kill off certain types of bacteria, fungi and spores. Silver and gold does the same but brass, in our opinion, is the most cost effective of the bunch.
  • Bubble wrap is actually a type of wallpaper. Inventors Al Fielding and Marc Chavannes wanted to introduce a textured wall paper to the market in 1957 but it didn’t do so well. The good thing is it was apparently perfect for protecting fragile items while in storage or in transit. Plus, they make for a great anxiety relief. What a complete turnaround right?
  • Red doors mean different things. Across cultures, painting the front door red can mean anything from pleasant to scary. For the Jews and Christians, it signifies protection as when the first born sons were spared from the angel of death in the Old Testament because of it. For the Chinese, it’s a good luck symbol. In Scotland however, it means that the property investment is finally mortgage free.
  • Housewarming parties got its name literally. In the earlier days, people would bring firewood to the family during their first day of moving in. It keeps them warm plus the light is said to ward off omen and spirits away.
  • Disclose haunted activities. Believe it or not, that’s a thing in New York real estate. Sellers are legally compelled to disclose if the property investment is believed to be haunted by ghosts or any paranormal activity. What’s more surprising is that this does not put off a lot of people but attracts them even more.
  • There’s an island called “Just Enough Room”. Located in Alexandra Bay in New York, this tiny island is so small that it can only literally fit a tiny house and a tree. The Sizeland family was looking for a place to turn into a holiday getaway during the ‘50s. The place was perfect and meets the criteria to be called an island and for property investment construction to commence which includes a dimension that must be larger than one square foot, it must remain above the water level year round, and it must sustain at least one tree. Check!

UK Commercial Property Investment : Where to Invest?

uk commercial property investmentWe’ve all heard that in real estate, location is king. But this statement is pretty vague. The United Kingdom is a massive country. With approximately 243,610 square kilometers of total area, where exactly do we purchase a worthwhile UK commercial property investment? Here’s a list. Take a look.

OPTION #1: DOWNTOWN METROPOLIS

The downtown metropolis is a no brainer for most of us even to the newbie investor. The heart of any thriving and busy city is where you will see many businesses and for good reason: foot traffic and accessibility. It’s where businesses thrive and where people flock for both work and leisure. It is because of these reasons that properties in the city are valued highly. Likewise, they also tend to appreciate faster and larger compared to others.

OPTION #2: ECONOMIC ZONES

It’s not exactly the heart of the city but it’s where offices, factories and employment thrive. It provides for the economy hence attractive to investors, businessmen and the public in general both citizens and visitors looking for work. Similar to city located assets, a property investment UK in the central business district tend to appreciate more in value over time.

OPTION #3: RESIDENTIAL AREAS

A property investment UK within or in close proximity to residential areas is also worthwhile simply because of two things. First, who doesn’t need a house to sleep in? There will always be demand for these especially given that the United Kingdom is a huge economic country with bustling trade and tourism. Second, its nearness to where people live creates a market of patrons especially if we’re talking about commercial and retail assets.

OPTION #4: DEVELOPING AREAS

The same can be said of areas with rising infrastructures (e.g. roads) or establishments (e.g. schools, shopping malls, etc) being built. Although they might not be as packed as the metropolitan district yet, they are still quite promising. At the same time since they are still emerging, buyers are more likely able to acquire them at a lower price. These developments even help raise the value of assets surrounding then.

OPTION #5: TOURIST HUBS

A UK commercial property investment, especially one that’s for the purpose of business say retail units, will enjoy massive benefits if it’s near or within strategic tourist areas or pretty much in places where tourism is enjoying massive success. They have high foot traffic, high exposure, promising appreciation and transportation convenience. The demand that they bring are pretty massive too.


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How to Budget for a Property Investment

property investingWhen we hear the words budget and property investment in the UK, we often find our eyebrows clashing into each other like sumo wrestlers in a deadlock. It’s a challenge and a difficult one at that but we’re not saying it’s impossible. Need help? You’re in luck because here are some tips.

  • Identify your needs. – Recognize what needs to be spent on and how much resources will be necessary alongside where such funds will be taken from. There’s no point in making a budget without all these factors put together. Remember: needs, funds and sources.
  • Find a system that works for you. – We all have unique needs and different reasons for acquiring a property investment. This is why copying someone else’s budget isn’t going to cut it. Using it as a benchmark may do but be sure to attune it to the situation at hand. Make your own in accordance to your needs. There are various programs, apps and software to help you with this so you won’t necessarily be starting blind.
  • Make it a point to prioritize. – It is important to recognize that cash is a depleting resource. Add to that the fact that it’s hard to come by. Plus, expenses and requirements will have varying timing and values and so you might find it hard to provide for everything at once. This is why prioritizing your expenses is necessary. You need to determine which has to go first, which may be delayed or what can be foregone or cut back.
  • Be realistic and challenging at the same time. – A budget needs to be effective and to do so it has to remain realistic. Setting the bar too high to the point that it’s unachievable only ends in frustration. But that doesn’t mean that budgets should be loose. It has to be challenging too so as to discourage slack and wastage.
  • Use accurate data. – A property investment budget will remain futile if the values in it are inaccurate or were sourced incorrectly. Make it a point to research and check. Make use of up to date documents and information. This is no time to do some guesswork.
  • Work with three timelines. – When acquiring a property investment, one has to budget for expenses that will be spent prior, during and after the acquisition. Pre-purchase costs like research expenses, professional fees, security deposit and down payment should be prepared for as much as the principal. While post-acquisition costs like repairs and maintenance are crucial in identifying if the asset is worth it and doesn’t cost an arm and leg in the long run.

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Commercial Property Auctions and How to Win One

Commercial property auctions are public sales that involve assets specifically designed and catered for business purposes. They are an accelerated marketing and competitive bidding process that requires participants to bid or propose with the property awarded to the person in the room with the highest offer.

Many sellers and brokers choose to sell in auctions for many reasons. For one, there are those who would want to immediately sell an asset. This is common among banks that have foreclosed properties and would want to liquidate them in as much as possible. There too are sellers who want to take advantage of the demand and competition in them especially during times when the market is slow.

  1. Know what you’re going up against. This will require you to do your homework. Research about the auction and the assets being offered in it. Prior to the event, a brochure, newsletter or catalogue will be sent across or made available for participants who make known of their intention to attend.
  2. Visit and survey the properties. Just because you’re bidding on it doesn’t mean you’re not entitled to visiting the asset ahead of time. You can and it is advisable that you do. It would even be best to get a chartered surveyor look into it. This way, you’ll be sure of the item you’re about to fight for.
  3. Be comfortable with auctions. No, we don’t mean wear your pajamas you silly. What we’re pointing at here is that you should be aware and knowledgeable enough about the processes, requirements and obligations attached to them. If you’re a first timer, it would be best to observe your way through your first auction.
  4. commercial-property-auction-ukStay incognito. Don’t reveal too much of yourself and your intentions otherwise they may be used against you. For instance, never be too giddy about a certain asset lest you want other bidders to take notice of the gem you discovered. The same is true for your spending limits. Sellers may opt to raise the bar higher and take advantage of your interest.
  5. Prepare your financing ahead of time. Just because you won the bid at commercial property auctions doesn’t mean that you get the last laugh. You’ll have to pay up an upfront cost and if your financing has not been prepared and made available beforehand, you can still lose to the next bidder in line.

Find out more on commercial property auctions on this page https://www.singerviellesales.com/case-studies/category/auction

Where to Find Commercial Properties for Sale

online-listingsWhat do you need a commercial space for? Simply put, these are assets used for business either as the product itself or as a tool in deriving products that make a profit. Examples of this would be shopping centers, store spaces, retail areas, industrial assets, offices and vacant lands among others. If you are looking for commercial properties for sale then you have to know where to look, lucky you because we’ve got a list of these places. Scroll down to see what these are!

  • Newspaper Listings

By far the most traditional source in this list, newspaper listings are one way to achieve this feat. The classified ads section are not only cheap on the part of the sellers, they too come on a daily basis creating more exposure.

  • Online Listings

With the charm of the digital world, commercial property listings are also available online. A few keywords on your search bar will garner you an endless list of sites and places to see. Just see to it that the websites you look at are trusted and scam-free. Check with the Better Business Bureau’s site to validate.

  • Advertisement Posters and Banners

There are also posters and banners around from your local library’s corkboard of announcements to an ad plastered on a wall. These are also an affordable alternative and are often directed to the community or local market.

  • Signage and Notices

The first thing that any commercial property seller would do to announce that an asset is up for grabs would be through signage and notices posted on the property’s windows or doors. Outside, there can even be a huge sign that screams “This property is for sale.”

  • Real Estate Agents

Of course, you can always hire an agent to do the work for you. With their expertise and wide range of connections, networks and sources, they can surely be of help especially if you don’t have the time to do everything on your own or if you are just more confident having an expert around.

  • People You Know

Lastly, ask people you know. It can be a neighbor, a friend, a colleague or whatever. You never know if they know of a place being sold that suits your needs.

Of course, it is advisable that you go with a combination of these sources. Not all sellers and owners put up ads in all of them, some do with combinations too while others can only afford one. Good luck in finding those commercial properties for sale!

UK Investment Property Checklist

UK investment propertyWhen making a UK investment property, it is wise to take things with a great deal of caution. Rushing into decisions will do no good especially for something as massive as buying real estate.

The United Kingdom is considered to be one of the world’s biggest economies with London as its capital which houses one of the largest financial centers in the world. Furthermore, it is a tourist magnet making it a huge market for business, employment and residency. It wouldn’t come as a surprise if more and more would want to invest properties in it.

When aspiring to make a UK investment property, buyers need to make sure that they have the following things in check.

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Checklist Item #1: Market Understanding – The UK property market works differently from assets in other countries. Moreover, properties from varying cities and towns will differ as well. Factors like supply and demand must be considered and understood to better make decisions in choosing an investment.

Checklist Item #2: Real Estate Knowledge – Moreover, one has to have at least basic knowledge when it comes to real estate or if not have someone who does. Not everyone is skilled enough to take a look and scrutinize properties and assess of their worthiness or lack thereof.

Checklist Item #3: Needs Realization – It is important to know of one’s needs well. There are many properties in the UK, each with their own features and strong and weak points. Be sure to define the purpose of the acquisition to better align one’s needs to the decisions made. With a huge selection available, it’s fairly easy to feel overwhelmed and lost.

Checklist Item #4: Financial Resources – Of course, it would be impossible to make an investment without the resources to do so. Because real estate, regardless of type, is significantly valued, it would take quite an amount to be able to buy one. This makes it crucial to prepare for, plan and make available the needed financial resources beforehand. Keep in mind that these investments have initial and post-acquisition costs too.

Checklist Item #5: Professional Aid – When making a UK investment property, one will have to call for the expertise of certain professionals. For example, there’s the real estate agent to aid in the search for the property, a lawyer or solicitor for all legal matters and a chartered surveyor to inspect and assess the asset before a sale is concluded.

Make Your Retail Property for Sale Go Fast

retail-propertyAdmit it. We all want to make sales go by fast. Who wants dormant inventory anyway? The same is true even for a retail property for sale. The faster you finish, the quicker the returns enter. How do you achieve it then? Find out and see.

Tip No. 1: Prep up your property. – Inspect it from the inside out and do the necessary repairs and some upgrades if you must. It would even be great if you could call in an expert to help you determine which improvements would be valuable and would give you great returns. Also, a fresh coat of white or beige will really be great to liven and freshen up the look.

Tip No. 2: Don’t forget the curb appeal. – The façade, front lawn and curb of the asset are the first things that any buyer will see. This makes it important for sellers to clean them up too and where needed perform repair procedures. Mow and weed out the lawn too.

Tip No. 3: Study your market. – Cater to the buyer’s wants and needs. In order for you to be able to do that, you need to have a firm grasp of your market. Who are likely to buy your retail property for sale? What do they need it for? How can you reach them?

Tip No. 4: Choose effective advertising. – You need to spread the word otherwise you won’t see results. In other words, you have to communicate the availability of the asset and to do that you need to advertise. Putting up advertisements come with costs too so you have to study your options well and pick those that suit your target market and audience. Also, take advantage of free advertising like word of mouth.

Tip No. 5: Price it right from the onset. – Buyers hate it when an asset is overpriced and way off its actual market value. Get an expert o value your property so you can come up with a reasonable and still profitable amount.

Tip No. 6: Make it easy for buyers to visit. – This brings us back to our first two tips. Potential buyers of a retail property for sale will always want to take a look at it for themselves so you have to do your part and make it as hassle free and smooth for them. Coordinate and schedule their visits and be sure to prep up the space for them too.

Creating Value for a Residential Property Investment

Whether you own a residential property investment for personal use or for purposes of renting it out or even selling it, adding value is crucial to ensure that you make the most out of your deal. Besides, would you want your asset to simply depreciate and end up being worthless? Of course you don’t because that is not investments are supposed to work. To help you on the matter, we’ve got some advice from singerviellesales.com on how you can create value for your residential properties.

1. Plumbing and wiring systems are gold. – Future investors or buyers will prefer something that’s fuss free and it would be a worthwhile investment for you to actually update and improve the property’s plumbing and wiring systems. This is particularly true for older homes with defunct and damaged wiring, plumbing and drainage. Remember that it’s not all about what the eyes can see. A home is also valued for those that are not immediately visual and are kept hidden within walls and tubes.
2. Paint over old and peeling walls. – Dirty walls with peeling paint and wallpaper make a property look less inviting and thus bring down its value. By simply adding in a fresh coat of paint, often in neutral shades like beige and weight, helps the property look better kept, neat and attractive.
3. Kitchen and baths are always a good idea. – If you plan on renovating your space, focusing your energy and resources more on the kitchen and bathrooms will bring in more value for the asset. This is simply due to the market’s demand. Most people want pretty, spacious and functional kitchen and bath areas.
residential investment UK4. Acknowledge curb appeal. – The house itself should not be the only one that’s pretty and well maintained. The outdoor areas should too and that includes the curb, the front lawn, the walkway areas and the backyard. Simply keeping these places neat and tidy and with trimmed and well taken cared features will already boost prices up. By simply painting over an old fence, trimming the grass, tidying up the garden, uprooting weeds, installing walkway lights and lamps are already adding more value.
5. Bring in natural light. – Not only is it inviting but it also allows for rooms to be better lit up and makes them more eco-friendly and energy efficient. At the same time, sunlight in residential property investments helps maximize space, making areas appear and feel roomier than they actually are.

How to Put a Commercial Investment Property for Sale

retail propertyIf you are a landlord, an investor or a company who wishes to put a commercial investment property for sale, here are some tips from singerviellesales.com on how to do just about that! Now grab your pen and paper. Take down notes and let’s get started!

  • Prep up your property.

You can never leave the space looking dull, dirty and deranged. You have to make the necessary repairs. Clean up the front lawn as much as the building. Change up broken windows, fixtures and lighting as needed. Add a fresh coat of paint, preferably white or beige, should the old one be peeling off or if the wallpaper has gotten bad. Even if the space is quite barren and you’d only see walls upon floors, cleanliness is crucial because no buyer will want to purchase something that doesn’t look functional.

  • Have it examined and valued.

Hire a chartered building and property surveyor to assess the asset. Have them determine its remaining useful life, current market value, salvage value if any, structural condition and all other relevant information that prospect buyers are likely going to inquire about. Plus, all of these should help you in determining the asking price on the commercial asset.

  • Determine your target market.

Who are likely to want to buy the property? Different types of asset depending on their combined features are likely to attract or interest a certain group or groups of investors. It is your job to find out who these might be and get to know them. You must have knowledge about the likes, preferences and profile of your market to better target your property towards them and negotiate a sale.

  • Choose your marketing strategy.

You have to market and advertise your commercial investment property for sale. If you don’t then there are fewer chances for buyers to know about it. No matter how great it is or how attractive your asking price is, if people do not know that it is for sale then they won’t be knocking on your doorstep to buy it.

  • Schedule property visits.

When prospect buyers come forward, be sure to give them a little tour to the property. This is why the first item on this list is very important. Now read that again.

  • Fix the papers.

Lastly, be sure to fix all documentary and legal requirements necessary to validate a commercial investment property for sale like titles, contracts and the like.