For the last several years, small businesses have picked up in America, and many business owners saw a chance to earn some money. In order to launch their company, they first need to lease a commercial real estate, which sometimes can be a difficult task. Real estate property will either have a positive or a negative impact on your company and in the same time on your business. So, if you are thinking of renting a commercial property, there are few factors you need to take into consideration.
Do you need an estate broker?
Many people that if they don’t hire a real estate agent, they will save some money. But, in reality, you will lose much more, after all, you don’t have a necessary experience and skills to negotiate such deals. So, in this case, we would recommend a real estate agent who deals with commercial property. He will be able to give you a choice between several properties, indicate mistakes and make you the best deals. After all, they are earning money on percentage, so it’s in their interest to find you the best price and excellent conditions.
Location is everything
When you are choosing new premises, location is one of the most important things because it will have an enormous impact on your future business. Before you make a decision, you should investigate the dynamics of the local property market, availability and rental values. Depending on your business and who you are trying to target, an excellent location will solely bring you the part of the profit. For example, if you want to open a new restaurant of café, you will choose locations which have a lot of traffic, because your business depends on people who will visit your premises.
How to know which property is best for you?
As we already said, the property will depend on a business you are trying to establish. You need to have a strategy, start from a type of business, then how much it will cost, what kind of space do you need and will your company grow in future? After all, if you rent a commercial real estate, you will be able to run your business smoothly, and it will be more profitable.
The number of employees is another is another important factor to reconsiders. If you are planning to employ a large number of people, then you will need a bigger space. You need to anticipate whether your business will grow, so if you choose the right property at the beginning, you will save a lot of money on moving.
How much money are you planning to invest?
Rent is one of the initial costs, and it is usually paid quarterly. However, a lot of landlords are accepting the payments on a monthly level, and any service charge and insurance will be charged together with the rent. Review your budget carefully and decide how much money you are willing to invest in renting.
Considering that a large number of real estate agents operate in America, it has become really important to choose the right one. It doesn’t matter if you are selling or buying a property, your objective should be the best deal. Real estate agent is a crucial part of this process, and he is the one who will help you achieve the best price. Many people make a mistake when they hire the first agent they see online, but if you want to avoid these mistakes, then you should follow our steps.
Research his credentials and referrals
This should be your first step, and it will help you significantly to narrow down the options. You can also seek the recommendation from your family and friends, see if they had some positive experience and if they can recommend you, someone. You should always check if your agent has a clean record, any disputes, lawsuits or unresolved issues. The real estate agent should have a good credibility and reputation.
Ask him questions
When you meet an agent for the first time, you should prepare some questions for him. It is really important to have an open relationship with your real estate agent and to feel free to ask him anything. For example:
- How long are you in this business?
- Do you have any lawsuits?
- How do you plan to sell/buy my house?
- Do you have any experience in this neighborhood?
- What is your rate?
There are only some of the questions you can ask, of course, you will think one which will be more appropriate to your case.
Look for an agent who has competitive advantages
You should always search for an agent who can offer you something that others can’t. While older agents can offer you an experience, newer agents can give a fresh insight, which can make a major difference. If you need a real estate agent who specializes in housing type, make sure it has some unique skills which will differ him from others, for example, it can manage online marketing, or he has knowledge in social media. These features can come as a handy solution when you need to sell or buy your house.
Listen to your feeling
This is probably one of the most important things, what your gut tells you. While you should rely on the facts, the sense will tell you more than any information you can read or find. When you make the first contact with an estate agent, pay attention to your inner feeling. See if you make contact with a real estate agent and how do you feel in his company. If you feel uncomfortable and tense in his company, then your business relationship won’t have any progress.
Read the reviews
The Internet comes as a handy solution when you need to choose a real estate agent. You can always read the reviews about real estate in Brentwood and its agents. Try to hire an estate agent who has more than 90% of positive reviews.