Monday, 14 November 2016
Common Pitfalls to Avoid When Investing in Commercial Real Estate
The most common pitfall new investors fall into is underestimating the true costs associated with a property. Investors must assess if the income reported by the previous landlord is accurate. It is also critical for investors to properly asses the condition of the property and the associated repair costs that may be required. If restoration costs are too high, rent may not be enough to recover the investment price. A trusted commercial real estate agent can provide an accurate assessment of the potential of a property and help newcomers to commercial real estate avoid these common mistakes.
RE/MAX® Commercial is part of the RE/MAX® global network of nearly 100,000 real estate professionals in more than 75 countries. Located in the beautiful North Okanagan and Shuswap areas of B.C., RE/MAX Commercial Solutions is proud to offer professional services in the areas of Commercial and Residential Property Management Services, Rentals, Leasing as well as, a Commercial Brokerage for Investors and end users of any size.