The mortgage crisis and bubble burst in the housing market are well known to everyone these days, but commercial real estate is likewise affected right now. Many empty retail spaces and office buildings are sitting around, meaning there is demand for buyers, renters and sellers. Read on for some advice on how to move forward in this market.
Cleaning up your neighborhood can work wonders for your property value, especially if there are several run-down or abandoned buildings in your area. The best thing to do is report any health or safety risks to the authorities. These types of safety risks can include, shattered windows, rusty fences, debris and things of this nature. If the authorities will clean out the neighborhood for you, you can end up saving money on demolition and increasing the overall, neighborhood real estate values.
Before you rent your new house or apartment be sure you have enough references. Most landlords require at least three references. Check the names, addresses and phone numbers for accuracy. There is nothing worse than a reference whose name is incorrect, the phone line is disconnected or the letter the landlord sends comes back as undeliverable.
Investing in real estate can be a tricky proposition if you get your emotions involved. Real estate deals will come and go and if you sacrifice your emotions on any given deal, you will surely make unwise choices or spend more time on regret than business. Keep your focus on the end result, not the deal that you missed.
Pest control is a very important issue that you need to be aware of when renting or leasing. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.
If you keep in mind and apply the information from this piece, you are sure to navigate the waters successfully in your commercial real estate dealings as you conduct your business.
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Turnbull Real Estate is a
regional provider of commercial real estate brokerage & property
management services across Central New Jersey and Eastern Pennsylvania.
Our brokerage services are tailored toward representing Landlords and
developers in pursuit of office, retail or industrial Tenancy. We
also provide acquisition and sales support to clients. Our firm has decades
of experience in Tenant Representation, where we utilize comprehensive market
knowledge and site selection process for our clients.
New Jersey Office
Turnbull Real Estate, LLC
Post Office Plaza
50 Division Street, Suite 204
Somerville, NJ 08876
Turnbull Real Estate, LLC
Post Office Plaza
50 Division Street, Suite 204
Somerville, NJ 08876
sterlingmgt@verizon.net
T. (908) 526-7500
F. (908) 526-7511
T. (908) 526-7500
F. (908) 526-7511
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