Six Things To Know Before You Build Commercially

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20 Oct. 2018. Building commercial property is a big job. It’s a daunting project for even the most seasoned commercial real estate entrepreneurs and while you may only go through a new build of a commercial property a handful of times, it never stops being difficult to plan.

The only thing that you can do is arm yourself with all the information that you need to push the job ahead, and ensure that you have it in hand the whole way. Your business may surround the development of commercial property, but that doesn’t mean that it’s always going to run smoothly. Below, you’ll find six things that you need to know before you go ahead with your building job.

Know your numbers

Once you know the price of your commercial property and the land, you can work out how much further you need to borrow for services from Service Trucks International and a reputable contractor. This is going to help you to understand how much money you can afford to repay alongside your mortgage costs each month. It’s also worth understanding your business budget before you get that finance: just because the bank says ‘yes’, doesn’t mean that you definitely want to afford to go ahead. Know every single expense the whole way before you commit to it.

Get reviews

Bringing in a contractor and their building firm to your job is just a big of a job as the project itself. You need a firm that you can trust and you need to do your research to make sure that it happens right. Have your builder run through the entire process with you so that you can find someone that you can trust.

Understand your land

Other than the price, you need to know about your land. You need to know what you can build on it and what you will be permitted to build and you need to know if it’s in a danger zone for floods and brush fires. If your land is sloped, you need to know because it affects your build.

Think ahead

If you are a property developer for commercial properties, you may already be looking ahead at how much you could earn from the sale. If you are doing this for the first time, think about your neighborhood and what will fit design-wise. It can make a huge difference to your resale value.

Make it efficient

You may be building commercial property, but adding things like a roof garden, solar panels and energy efficient windows is going to up the value of your property. Making your commercial property as green as possible as you build it is a positive step to reducing your carbon footprint.

Passive design

Reducing the cost of the utilities is important and passive design can help. Angling your offices toward the sun to help to heat the building, as well as providing as much natural light as possible is so important. Along with this, using good insulation and double glazing can help you to contribute to a better commercial space.

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