Tuesday, September 6, 2011

Real Estate Tips

Determine parking and truck court needs

There are two things to take into account for parking- one is the number of employees you anticipate having immediately and in the future, at the new location. The second consideration is what building codes require.

How many and what type of truck deliveries do you get a day, a week a month? Make sure the property you choose can handle the trucking volume without interruption from other tenants or property limitations.

Determine whether you need outside storage & how much

If you do need outside storage, make sure you choose a property with the correct zoning designation. What you store outside plays a big part in how much land you need and where it is allowed. Parking cars is quite different than storing building supplies or hazardous materials You may need a 6' high visual barrier, drainage, paving, landscaping or a parking lot which is lit to certain specifications. All of this can significantly add to the expense of relocating.

Allow enough land to accommodate additional growth. Plan for success.

Using a broker or find the space my self?

How much is your time worth? Are you better off running your company and letting a professional handle it for you? Can you do both, well? Do you have experience in real estate negotiations? Frequently I get calls from people looking at for example, a 10,000 sf building and need 30,000 square feet or 1,000 square feet. After driving around and making call after call only to find out the building is for lease and not sale, wrong size, zoned incorrectly, partially occupied or not available for 6 months, gets exasperating.

The seller/landlord are typically the ones that pay the brokers. Be sure to discuss representation at the beginning of the relationship. Realtors have a legal obligation to disclose and treat the public fairly.

Links of Interest:
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Versicherungen im Vergleich

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