5 Tips To Make Buying a Commercial Property Easier
If you’re in the market for buying a commercial property, there is a lot to think about. Aside from keeping a business running, or setting one up, purchasing and moving into a new property always poses its challenges and obstacles. Whether it’s your first time buying a commercial property or your 20th, we have a few tips to make the process that little bit easier.
1. Figure out where you want to go
On the surface, figuring out the location of your business might seem relatively simple. But actually, this is not always the case. If you already know where you want to buy a commercial property – great. If you’re still figuring that out, there are plenty of things to consider, from getting a feel for property prices and what you can afford to finding somewhere that has the right sort of people you want to employ. You may even decide to look further afield than the UK for a property should you decide the financial incentives or target audience for your business is better suited to another country.
2. Make sure the property is fit for purpose
You’ll want to make sure your property is in line with both your budget and commercial goals. While there’s no crystal ball letting you see into the future, it’s helpful to look at the predicted rate of growth for your company – something which an accountant can partly help you with. If you’re looking to invest big-time in new staff, resources or even to open up a new service or product that your company offers, then you will want to make sure you have the space to accommodate all these things – budget permitting obviously.
3. Get to know the current state of the property market
It can be helpful to research commercial properties prices in the area you want to buy. This will help you gauge how much you can afford and whether the property would be a suitable investment in itself.
4. Consult a mortgage broker
If you require a mortgage to afford your commercial property, it’s worth consulting a ‘whole of market’ mortgage broker. They can help navigate the mortgage market on your behalf to find a deal that works for your budget and business goals. They can also save you time on filling out the mortgage application and negotiating with estate agents.
Make sure to also choose a reputable conveyancer who can efficiently guide you through the legal process.
5. Choose the right removals team
When it comes to arranging the big move-in day, you’ll want to make sure you’ve got a good removals team to hand to securely move all your equipment from A to B. Don’t forget to check your items are covered by a suitable insurance package.
If you’re looking for one of the most reputable removal companies in Stamford, Reads Removals can help. We’ve helped many businesses in the Lincolnshire and Cambridgeshire area relocate both locally and abroad. Contact us today to find out more.