Choosing to buy commercial property in the UK is a big decision; here are a few helpful tips to make sure that you do not make a costly mistake.

1. Choose Specialized Commercial Estate Agents

Anyone seriously ready to buy commercial real estate in the UK must make sure that a specialist estate agent is chosen. It is inadvisable to go to agents that are one-stop-shops for real estate, selling residential, commercial and even international property. You will get a much better level of service and wealth of experienced from a long established estate agent who specializes solely in offering commercial property to buy.

2. How Many Commercial Property Listings are in Your Part of the UK?

Do your research; find out what the best locations to buy commercial properties are. Often you will find that certain areas will have a high density of commercial real estate for sale, be wary of such pockets lest you find yourself buying a ticket aboard a sinking ship. Although it may cost you more money at times, make it your mission to find an area where companies such as your own have a proven track record of doing well.

3. Always Perform a Thorough Inspection before you Buy Commercial Real Estate

In order to make sure that you do not make a mistake in your commercial real estate deals, you must make sure that you do a thorough inspection of the office for sale or lease. Many people feel that a thorough inspection is not necessary as they are not going to be living there, this could not be further from the truth, as this is a business premises inspection it is just as prudent to thoroughly examine as a residential property.

4. Are you Buying Commercial Property in a Rural or Urban Setting?

The type of development where you are purchasing commercial real estate is very important, for instance if you are in a rural setting then you will be looking for very different features than if you were looking for a ware house for sale in an urban setting. Another thing to consider if you are in a rural setting is the cost, you can expect to pay lot less to be in a less developed area but if you are in a more developed district, especially a retail shop for sale or lease inside the city center you can expect to pay a premium.

5. Will you be buying this Commercial Property to Let Out?

It is also important to consider whether you are to buy commercial property in the UK for your company to actually move into, or whether you are going to rent it out to someone else. If your goal is to own the commercial property to let, then don’t get hung up on want you would like to see when buying commercial real estate, rather find out what the widest possible market is looking for in a commercial property for lease and acquire something that fits that description.

By: I Clark

About the Author:
Ian Clark is a real estate consultant and advisor in UK. He has extensive experience in all aspects of Real Estate Investment built over 20 years . He is also the Director of Midas Estates, an online real estate website offering property investment opportunities in UK and overseas. Midas Estates is a property investment company who also deals with selling and Buying Commercial Property with an aim to provide maximum capital growth for the clients as the majority of the clients are looking to secure financial security in the shortest time possible. Ian’s honest presentation of the real estate investing business, including both profit and risks is respected for his sincere, candid approach. He is highly regarded as one of the most sound, dependable source for the specifics behind the sometimes tricky and exigent facets of real estate investing.

To get more information and for a 30 minute no obligation absolutely free consult in how to make your property investment strategies work log on to http://www.midasestates.com/commercial-property/.

Today everyone is looking for the easiest way to learn for how to buy commercial properties. Most people keep asking as what they should do, so that they can buy their commercial property. Well the answer to all such questions could be that: you should be aware of all the rules and regulations of the game. By becoming a commercial mortgage broker, you can solve a lot of your problem while buying a commercial property for yourself.

Now the question may arises that what will I gain if I become a commercial mortgage broker?

Unless you have a lot of money, you will need to borrow money in order to buy commercial properties. Well if you are a commercial mortgage broker then you will certainly have good working relationship with a lender. This will help you in having a better chance for you loan approval. And also you are not breaking any rule for this special treatment. It is only because you have worked with the lender. You will be aware of what are the property types they lend loan on and what are the applicable conditions. You will also be aware of what are the criteria you need to satisfy. Remember the clients may have different needs from yours you are required to know different programs for the same. Your knowledge about the different programs should be up to date as the programs differ with different needs. Also if you are working with a borrower, you will know what are the properties you should own and which type of properties can benefit you.

Now that you are a commercial mortgage broker you will be able to have contacts in the commercial appraisal industry, also with commercial realtors and with commercial property managers too. This can help tremendously. It helps you in judging the properties as which one are good and which one is bad. And these contacts are not only restricted to your place you can develop a network across the country. So you can increase the number of options for yourself.

Obviously if you are working as a commercial mortgage broker and you are providing a good service to clients by getting the best financing for their projects then you are paid handsomely for it. Commercial mortgage broker’s fee generally depends on the complexity of the loan and the level of the services you are providing. He/ She can earn anywhere from 0.5 to 3 points.

There are different points that can help you buy a commercial property if you are a commercial broker yourself as you will be able to know all the facts and the ground reality for the property you are looking for. It would be easier for you to manage the loan, as you will be having different contacts. And as you are working in the same field and earning handsomely funds are no problem. So if you are looking for a commercial property be in the same field to be aware of all the facts.

By: Alan Taylor

About the Author:
Alan Taylor is editor of http://www.realbighome.com and [http://www.hotelmotel.in]

When it comes to buying property, everybody has their two cents’ worth of advice to add. Most agree that even now while many people are having to tighten their belts, the property market is on the verge of turning around and buying now seems to be good idea. But the question still remains – what to buy?

Property is not small change, although it can be a lucrative market. The options of where and what to buy are endless and you don’t want to make the wrong decision. This one tells you it is safer to buy previously owned property, while another insists that new property developments are the way to go.

There is certainly no shortage of new property developments in South Africa, and there is no right or wrong answer to this choice. As a buyer, you have to consider your own needs and weigh up the advantages and disadvantages of your choice.

Advantages and Disadvantages

One of the most important factors to consider is whether you regard this as an investment property. New off-plan property developments offer great investment opportunities, especially if you purchase before construction begins or early on during construction phase. Prices are often initially set below market value to attract investments. Purchasing early also means that you have the pick of the best properties for sale, like the penthouse or the property with the best view.

If you buy property during the final phase of construction it significantly diminishes the investment possibilities for the property. Also, the best properties will already have been taken.

Buying property off-plan as well as early means that you may have to wait a long time before your property will be handed over to you. Delays are not uncommon in the construction industry, and this might extend the period you have to wait even more. It also means that you are not able to see the finished product until construction is eventually completed. On top of that, as the area is still under development, you do not know the ways in which it might change during and after the construction.

These potential problems can be pre-empted by purchasing only from respected property developers and to make sure that the contract includes a penalty in case of a delay. You can also ask your lawyer to look at the local town plan in order to gauge the impact of future developments on the property you are interested in.

Another aspect that many buyers fear is that the constructor might go bankrupt and that the property they eventually take possession of might not live up to the standard advertised prior to the purchase. This should not be a problem when buying from respected promoters and developers, but as a safety measure you can make sure that a bank guarantee and insurance are in order.

After all of this is said and done, new property developments in South Africa do hold certain advantages over and above previously owned properties. As you are buying directly from the promoter, the purchase price does not include the financing of agent fees or having to pay any transfer fees. The purchase price is also set by industry professionals, so you will not find a big fluctuation between the values of similar developments, as you might in the prices set by private sellers. Differences in price will be influenced by the location, the quality and features such as the view.

Another huge benefit is that new buildings usually carry a guarantee to cover main failures in the structure, whereas the responsibility of any damages to a previously owned property will lie solely with you. You are also the first person to occupy this new development, so you can personalise it in any way you want, without first having to spend money on removing installations or modifications made by previous owners.

Buying new property can be daunting, so the most important factor is that you know what you want and what would suit your specific needs. Once this is clear and decided upon, you can go ahead and assess the advantages and disadvantages connected to your options and make an informed decision from there.

By: Lulie Swanepoel

About the Author:
Author Bio

PropertyGenie is a leading online estate agency offering you new property developments as well as existing structures for sale throughout South Africa.