packersmovers

Members Login
Username 
 
Password 
    Remember Me  

Topic: 5 factors to Look for While Buying Commercial Property in Gurgaon

Post Info
Newbie
Status: Offline
Posts: 2
Date:
5 factors to Look for While Buying Commercial Property in Gurgaon
Permalink  
 

Many people are now enjoying good earning from the investments they made in buying commercial properties. But there are also people who have faced the opposite thing. There are various factors which impact the decision of investing over a property. Below are five factors needs to be considered when it comes to investing in commercial real estate property to bring back higher returns:

commercial-projects-thumb3.jpg

1. Location
Location of a property is a very important factor and it is applicable for both commercial as well as residential properties. You can get good returns from a commercial property only when it is located in a prime location like Gurgaon or another easily accessible location. Check if the location has good commuting sources.

2. Infrastructure and quality
Property with good infrastructure will always be preferred by people. So, check the infrastructure and the construction quality of the commercial property before finalizing it. A state-of-art infrastructure will attract more tenants who will readily pay you high rents, especially international tenants. Look for buy Commercial Property in Gurgaon with nicer looking lobbies, higher ceiling heights, elevators, good interiors, and better views.

3. Tenant
Financial stability of a tenant matters a lot, which is something that needs to be considered before purchasing any commercial property. If you are planning to buy a property which is already on rent by any business, then check what type of business it is. Go for tenants of multinational companies and try to avoid small or unknown companies. A reputed tenant will stay for a long time, pay rent on time, will agree to pay high deposits, and will increase property value for future aspect.

4. Diversify your property
With diversification, you can avoid the risk of loss. It is highly applicable in commercial real estate investments, where it is widely advised not to invest all your savings on one property. This is because your tenants can vacate your property anytime and if they vacate without notice, you will not get the rent and will have to pay the maintenance cost, electricity charges, and property taxes from your own pocket, resulting in financial imbalance. But if you are investing in more properties, it can reduce the variance in income in case the tenants vacate the property suddenly.

5. Give time and money
At last, your involvement is very important for deciding if the property you are planning to buy will be profitable for you or not. Unlike residential properties, commercial properties don’t get finalized quickly, so you need to keep patience and put enough time in finding the best deal. Apart from this, your property might need some renovation also; therefore, you should be ready to bear such expenses.



-- Edited by aiplgurgaon on Tuesday 7th of September 2021 02:31:14 AM

__________________
Page 1 of 1  sorted by
Quick Reply

Please log in to post quick replies.



Create your own FREE Forum
Report Abuse
Powered by ActiveBoard