Investing in Commercial Property in Noida - How to Get Started

by Richa Malhotra Real State

Commercial properties can represent huge financial returns if an investor takes his time and makes careful decisions. Large commercial properties that are well-established represent less risk than smaller ones. Small businesses and start-ups are much more likely to fail. Smaller properties may include such buildings as malls, ware houses, offices, single retail buildings, apartments, mobile home parks or even parking lots. The type of property to invest in will depend on an individual's level of experience and expertise in certain areas. For example, if an individual has some experience with residential properties, he may prefer to invest in a mobile home park.

When it comes to smaller properties, it is usually a good idea for an investor to begin with those in an area or neighbourhood that he is familiar with. This will help minimize the initial risk since the investor will have at least some idea of the types of businesses that are successful in the area as well as whether or not the property stands a good chance of going up in value. Properties of different sizes are usually best found through the use of a real estate broker. The key to making money on real estate is to purchase it for the lowest price possible.

This may sound overly simple and obvious but the truth is many new investors get so excited at the thought of owning commercial property that they spend more than they should on the initial cost. Money saved when the property is purchased is profit that can be seen later on when it is rented out or sold. Before purchasing any property, considering things like parking, pedestrian traffic, and the location of other businesses is important. A business that drives up traffic in a particular area is also likely to bring in more customers to its neighbours.

If a property already has tenants, an investor should not pay more than what is in line with the annual income that the property is currently bringing in. While real estate of any kind is generally a long-term investment, a commercial property owner should not be eager to get underwater right off the bat. Maintaining the property after it is been purchased is absolutely essential in order to keep tenants. This is applicable regardless of the property size. Things like landscaping, parking lot maintenance, lighting, and snow removal should all be undertaken consistently in order to keep the tenants happy and regularly paying their rent.

Here are 3 tips for buying commercial property in Noida:

1. Hire a broker. Hiring a commercial property broker will help you save time, effort and money. You will have someone to help do most of the task which you are not familiar with. Aside from that, a broker possesses a deeper knowledge about commercial properties than you do. He knows the market better.

Other reasons why you should hire a commercial property broker are:

• A commercial property knows why he's hired. He knows that he's with you because he needs to help you find a place to live in. Which means he knows that even if he's the one doing most of the grunt work, you are the one in control and he'll give you that control.

• A broker could make recommendations when it comes to the home selling or buying pricing. Your agent knows about the present and current real estate condition and he's knowledge about the current pricing will be a great advantage for you.

2. The location. Or what experts called the "geographic market". You won't be looking to buy in the best location where most of the commercial properties have already been established. Instead, you will be looking to buy in a location where there's booming market. Here, you must be able to see in a strategical way at where the area of the commercial property is and what it can be.

Just for example, there was an investor who bought a commercial property in a road off of the main strip of hotels in the city. The road only housed two hotels, but the investor knew that location has so much potential. He knew that few years that time the place will have more residents and that the place will transform into a commercial place and it did! This resulted his properties to be the first ones established.

3. Properties to buy. It is the number one concern that the money you will place as an investment will return hopefully on a shorter time frame. Of course, as an investor it is your number one concern to build wealth and what most experts say is "to buy properties with inflation income potential for that income to grow as the real estate market recovers."

The above points are too simple to implement, yet if they have stumped you completely and you are thinking where on this planet will I be able to find that perfect commercial property in Noida, then we have a right property for you, ANTHURIUM. By housing your business in Anthurium you will skip directly to the business phase where you can begin your business operations instantaneously that too without breaking the bank. Additionally, you will be saving a lot of time and money, which will be invested in the growth of the business. The environment that Anthurium offers is creative-driven, which leads to the happier working environment, improved employee engagement and overall work productivity.

For more information on how Anthurium’s commercial office spaces can give some of the young and raw businesses the space and flexibility needed to achieve a successful business of their own, visit us at https://www.anthurium.in/commercial-office-space/

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Created on Dec 11th 2019 01:16. Viewed 401 times.

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