Do you ever feel that you should be looking more at investments in commercial property in the saturated residential property market? If this is on your mind, you’re joining the new wave of investors who want to diversify their investment portfolio with the unstable economy.
commercial property investment is not as straightforward as residential market. In Malaysia, it’s almost sure that any part of the residential property will be lapped up the moment it is launched, and everyone at some point in their life will be looking for a home of their own.
Location is an essential factor when it comes to investment in commercial properties. It could be true that a lot of people are considering creating their own company, and it will not be too tough to find someone to rent your property starts their business, but if the location is not right, the chances for leasing out is slim. Click this link, For finding more attractive real estate locations in huahin.
Also, do check if the area is a flooding area, or are there some other disadvantages. Parking space is a very important factor of consideration for any business to thrive in this modern world, and you need to make sure that there are parking spaces close to the property you wish to invest in.
Sometimes, the success of commercial properties also comes with the features contained in the project itself. By way of example, some properties may be handled by the programmer, with facilities such as wi-fi zone, making the industrial blocks into event venues or even being selective about the kinds of business and brand name to qualify as tenants.
Although people are talking about market price, as an investor, you should take into account the cost and the size of the property. It’s important to note that your property lease is usually based on long-term contracts, and for some cases may span for 10 years instead of the normal renewable 1 or 2 years for residential properties.