3 Things That Make Local Commercial Properties Valuable

Commercial property can be a fantastic investment alternative to simple residential housing; this is because commercial properties are valued differently from houses and flats in the UK. With this difference in mind, not only can savvy investors rent a property to pay off their bills and mortgage, they can also sometimes make a large amount of profit!

It’s important that we stress that we’re going to be covering more local commercial properties, not large corporate properties such as skyscrapers and airports. This is because these types of corporate properties are often too expensive and complex to buy for individuals, often requiring legal experts in managing private equity funds to give corporate bodies advice on how to proceed. Below, we’re going to explore 3 things that make local commercial properties valuable.

Property Area

The property area is essentially the area where your prospective commercial property inhabits relative to other similar properties. Simply put, it is how valuable the location of the property is itself. A large and fairly newly-built supermarket property located in the inner city where there are relatively few supermarkets will have a higher value than an older one in a quieter part of town.

It’s easy to see why a factor like this would matter to a commercial property’s value, being in a better location puts a company closer to its employees, customers, and suppliers. In many ways this is even more valuable than what the building is made of and how old it is as convenience is often the most important thing for B2C companies. You can find out a lot more about this factor and its effect on commercial property value by looking at commercial market surveys – http://www.rics.org/uk/knowledge/market-analysis/rics-uk-commercial-market-survey/

Property Rental Income

Another important aspect when it comes to local commercial properties how much rent can be appropriately expected from business tenants for use of the property. Of course, this rent amount will depend on influence from all other factors, including, but not limited to; market property area, age and state of the building, condition of plumbing and electricity, and cost of upkeep. These are important issues to be aware of before committing to investing in your chosen commercial property.

There are companies out there who exist solely to inspect and judge all of these qualities we’ve previously mentioned and provide a report so you can make a better judgement on whether to invest or not. It’s up to you whether to take advantage of these or not, however, consider that this short-term cost might mean longer-term benefit if it means you make the right decision whether to invest or not.

Property Commercial Market Value

This is probably the aspect of commercial property value that you would first think of when thinking about investing. In short, this is your prospective property you’re thinking of buying compared to other similar properties in the area. If there are a high volume of similar properties, especially newer and larger ones, this may have a negative effect on the property you’re looking to secure. This is simple and straightforward supply and demand at work.

A great way to get over this hurdle is to seek new commercial property developments as these are usually well-researched in order to be built in places that aren’t already oversaturated. This means their value likely won’t be affected by the availability of other similar properties, they’ll also likely be at their highest ever value due to them being brand new. You can find new opportunities at property development sites likes these – https://www.buyassociation.co.uk/investments/

Invest in a Local Commercial Property Today

When it comes to any kind of real estate, be it at a local or corporate level, there are many different factors you need to consider to come to the right decision. We hope that this quick overview will help you make the right decision when it comes to your next property investment.

The Buyer’s Checklist

Understanding what buyers are looking for in a property is key to getting your sold as quickly as possible. After all not every potential buyer is looking to develop property, many wish for it to be fully ready to move into and don’t wish to have to spend money redecorating or making it their own. They want the perfect home that is ready to move into. Continue reading

Make Your Property Greener and Sell It Quicker

When it comes to selling your property in the 21st century there are certain changes you can make that are guaranteed to make your home sell quicker and for more money. One of these home improvements is making your home eco-friendlier. There has been a conscious push by the government for property owners to make their homes greener with various schemes being in put in place to help them do so. As a result, a great deal of value is put on homes which have taken the steps to becoming more energy efficient making them more desirable to buyers. There are a number of ways to add value to your home and sell it faster using green energy techniques. Here are our top tips to improving the energy efficiency of your home.

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Ensure You Have Efficient Insulation

Adequate loft and wall insulation cannot be emphasised enough when it comes to increasing your home’s energy efficiency. It is estimated that as much as 30 percent of heat energy is lost through poor insulation. Not only is this wasting energy but it is also an unnecessary drain on your bank account. If you are trying to sell an older property make sure that you get your wall and loft insulation professionally checked as properties built before the 1990’s are most at risk from inadequate or degrading insulation. Having efficient insulation is something which aberdeen shop-fitting company Allstar Joinery take into account when constructing the new layout and appearance of one of their shops, restaurants and others in the retail sector. Why are they doing this? In the long-term it’ll save their clients money on their energy and gas bills by storing heating in a more effective manner.

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Invest in Solar Panels

Although the initial cost is a little on the pricey side, having solar panels fitted to your property significantly improves the value of your property and will help it sell faster. It doesn’t matter whether you live in the north of Scotland or the south of Spain, contrary to common belief solar panels do not need sunshine to generate energy, all they need is day light so there really is no excuse. If you are thinking about investing in solar panels it is worth taking the time to investigate the various government schemes in place as you could end up paying very little for them.

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Upgrade Your Radiators and Fridge

As the main consumers of energy, it is worth upgrading your fridge and radiators to more energy efficient ones if you want to decrease your energy bills and if you plan on leaving these appliances when you move, they will certainly increase the attractiveness of the property to potential buyers. In terms of radiators, you want to be looking for aluminium or stainless steel grade 304. Both of these materials heat a room quicker and preserve heat for longer, meaning they use less energy than standard radiators. Check out Trade Radiators flat panel range for high quality stainless steel 304 grade radiators at an affordable price. In recent years, there has been a push to create greener fridges. If your fridge is older than ten years old, it is also worth upgrading as it will be using far more energy than those produced in the last decade. Whilst sticking with the theme of saving money whilst positively impacting your home – we recommend using online tools such as plumber parts find a plumber who do all the hard work for you, whilst using hteir systems to construct a list of plumbers based on your budget and location.

 

 

Energy Efficiency and Resale Value

How energy efficient a home is can often be a good indication of how much is re-sale value can go up and is an especially important piece of information for property developers. In fact so important has this information become that now every home that is put on the market either to let or for sale must be accompanied with an energy performance certificate. Continue reading