Commercial Properties are always complex but high yielding, so it’s important to stay thorough if you are planning to buy premium commercial properties in Bangalore.
While residential properties are making big, prospects like you think that there may not be chances for Premium Commercial Properties and think that it is a bad decision. But Premium Commercial Properties are still winning.
Is it Smart to buy Premium Commercial Properties?
Do you know?
Buying Premium Commercial Properties is still in investor’s good books. With Premium Commercial properties, there comes great responsibility.
The commercial property holds responsibility for businesses, and profit that is generated through the commercial properties.
The main advantage of investing in buying Premium Commercial Properties is its high yield. Commercial properties spread its wings for grocery stores, office buildings, manufacturing shops, industries, and much more. A lot of investors believe in Commercial properties only because of its promising nature and the benefits they provide. Some of the benefits are listed as follows,
- Stability in the income:
You get a stable income as long as you own the property. Commercial Premium Properties are actually popular for their stability in the income. Commercial assets in good locations can generate yields of 7-9%.
- You get to work with different business sectors:
Since it’s a Commercial Property, anyone can establish any of the businesses like Supermarkets, IT Companies, industries, offices, etc., will take up your place and run their business.
- Tax benefits:
A standard deduction is allowed for interest on loans under Section 24. There are Standard Deductions for repairs, insurance, electricity, water supply, etc. and are allowed at the rate of 30% of annual returns.
- Lower Risk:
There will be no such big risks involved in Commercial Property. Being a commercial property owner, you don’t have to deal with risks.
- Control over investment:
You always have control over your investment if you are a Premium Commercial Property Owner.
The commercial property allows owners to have significant control over their investment across areas with factors like the type of tenant, usage of the property, fixtures, remodification, lease terms, etc.,
A commercial Premium Property investment makes it possible for you to get more properties with a minimal amount of money since there are chances to put the debt on the property and that is over the original equity.
- Great value and returns
Commercial properties have great resale value and give the investor regular and secured returns.
If Premium Commercial properties are providing an investor with all the mentioned benefits, what could be more appropriate than investing in them?
To enjoy these benefits, you must buy a Premium Commercial Property based on certain factors.
What are the factors to keep in mind while buying a Premium Commercial Property?
If you are planning on long term Commercial Property investments, you can gain a higher-earning potential, but keep this in mind before investing.
- Premium Location
Buying a Premium Commercial Property in a location that doesn’t concern business is of no use. Choose your location wisely.
- Analyze market trends for the property price
Do enough research and know the price of similar properties in the same market area. Compare the property value you are about to buy and make a deal.
- Lease Plans
Understand the lease structure of the property and see if it works for you.
- Facilities and Amenities
There should be enough facilities and amenities at the concerned commercial property that you are planning to buy.
Facilities and amenities can increase your rental income in the future.
- Tenant profile screening
If you are letting your property out for rent, make your tenants go through a portfolio screening.
It is very important and you should be clear that there are no previous records or charges over the tenant.
- Invest in many other commercial properties
Always Keep an eye on the real estate market and make attempts to take over two or more premium commercial properties. It is wise to do so.
Even if one fails, you can have a backup.
You have to check for all these factors if you are trying to buy Premium Commercial Properties in Bangalore and a property management company can help you the best in this.
“Hence, it is too Smart to opt for buying Premium Commercial Properties.
As you know, buying Premium Commercial Properties is a very good investment idea. It is considered an investment worth enough for your future in the investment market. However, if you choose a premium commercial property in the wrong area or miscalculating your goals, there are chances that you may face loss. But with a Property Management Company like OwnersTown or a Property Manager backing you up, they will not put you through a place where you have to go through monetary hardships. There are additional benefits in buying a Premium Commercial Property like you will be opened to a triple net lease where the risks in the property will be taken care of by the leasing business”.