3 Mistakes To Avoid In Your New Commercial Property

Posted on: 5 December 2015


If you are looking to move to a new property, you want to make sure you are getting what you need. Not all pieces of property are the same. Because of this, you need to take your time and go through everything to prevent getting into a property that isn't going to work for you. To help ensure your new commercial property provides you with everything you need, here are three mistakes you want to avoid.

Not looking over the lease terms.

Just because the property might look nice, that doesn't mean you shouldn't take the time to go over everything in the lease. By just signing your name to the lease, you could be locking yourself into terms that you cannot abide by. You could also end up being stuck paying a small fortune in maintenance and repairs that you could have avoided by negotiating with the property owner in the beginning.

Moving too far away from your customer base.

If you are an established business and looking to move to a different location, you don't want to go so far away from all of your clients that no one is going to be able to come to your new location. You need to think about a central location that is convenient for you and your clients as well. Otherwise, you could end up losing out on a lot of potential clients all because you moved out of their service area.

Only thinking about the here and now.

Oftentimes, people end up relocating to another location without thinking about what their future business plans are. Just because you might be a 20-person operation now, that doesn't mean you are going to stay that way for the next 10 years. You have to think about being able to expand and grow without having to move time and time again. Make sure you can easily move things around and add new employees and operations to your possible location.

By avoiding the three mistakes above, you can feel confident in your decision to purchase or rent the property in question. You don't want to add stress to your life. You want to be able to step into a rental that is affordable and loaded with all the amenities you need. If you ever have any questions about what to expect in the property, you can discuss them with the real estate firm, such as the Realty Executives, before signing the papers.