Buying a commercial property is an intense task to complete. Did you know that buying a property is one of the top most stressful things we do? It’s up there with getting divorced!
With this in mind, it can be much less complicated with these top tips, so try not to get too worked up about the process and follow these tips.
What are your requirements?
Making a list of what you require from the commercial property that you’ll buy is one of the most important parts of the process. It’s just as important as budget planning, so don’t skip it out.
When you’ve made note of all the things you need, shorten it by re-organising them in priority. Then, you can figure out if each requirement is really a requirement and not just a ‘want’.
Additional tip: You can also refer back to this list when you visit each property so that you never forget to ask about them.
Weigh up all your options
Before you even start the planning process, write down all of your options. Make a list of the pros and cons for each section, then weigh them up at the end. Consider things like what type of commercial property you’ll require, i.e. flat, building, house.
Don’t forget about the importance of location
Of course, you’ll already have a location radius in mind, but we’re talking more about the place within that radius. In other words, if you need the property to be near a train station, or in a place that’s easy to find.
Trust your gut – but mostly your estate agent
This is a very useful tip – if something doesn’t seem right about the property, don’t purchase it. On the other hand, if you really want one property but your estate agent is concerned it’s not a good fit for you, it’s usually best to listen to their advice.
Professional property buying advice
Buy Rent Commercial is a company that specialises in finding commercial properties for their clients. It’s always a good idea to get advice from experienced professionals, especially when making such a big purchase.
Tell us how you found your perfect commercial property, we’d love to hear back from you.