Buying Commercial Property Is Not Always A Good Idea | Key West ...

11 June 2012

Posted by Dennis under: Key West Commercial Real Estate .

Make sure you are clear about the actual amount of square footage that?s available. Commercial property can be effectively measured by how much square footage is actually usable by a business, whereas the physical total includes walls and uninhabitable or inaccessible areas. Therefore, it is very important to know both types of square footage.

There are many things to consider when determining the best option between two commercial properties. When choosing between the two, think big! Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. Also, purchasing more units is like buying in bulk. The more you buy, the cheaper each unit will be.

If you want to make sure that your real estate broker is right for you, inquire as to what they think is a success or failure. Ask about their methods for gathering and interpreting results. Keep asking questions until the broker?s strategies are clear to you. You need to understand what these strategies are so that you can evaluate if you are comfortable with them. Don?t work with any real estate broker whose beliefs and methods aren?t in line with your own.

As mentioned, commercial real estate isn?t a money tree. You will need to play a very active role, devote time and make a sizable investment, at the beginning, to bring about the results you?re seeking. Even with the best laid plans, your efforts might lead to loss.

For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com

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