Often there is a dire requirement for space whenever you think of starting or expanding your business. At this point you hunt for space. Either you look for an office space for lease or search for a building for sale. This type of purchase is usually done in the real estate market. Day in and day out thousands of buyers and sellers are engaged in selling and purchasing space. Some also opt for lease. However, whether you are in need of a building for sale or office space for lease, in both cases you will have to make proper investigation.
Here are some basic tips for you to enquire before you:1. Purchase a building for sale
– Work on price: First frame a budget and look for those buildings you can afford and shortlist them accordingly.
– Work on your preferences: Look for the locality where you are purchasing. If your building is for residential purpose then check out if the basic amenities, the bus stop, market, hospital, schools and colleges are near your house. Even if the house is cheaper it might cost you more money as well as effort in the amount you save in purchasing the building. If you are purchasing for business purpose see if the locality suits you from all angles for your business.
– Investigate: Always investigate about the building before you finally purchase it. Some sellers hide all the flaws only for the sake of selling off the property. In such cases you will land up into trouble after purchasing the building. It may cost you very high if the flaws are very critical. No matter whether you are purchasing a new or an old building, hire a building inspector to investigate the building. The building inspectors are the professionally trained people, who help you in identifying unnoticed problems in buildings. The problems may be structural problems or defective electrical wiring or plumbing.
– Check out the legal docs: Now, after you have selected one, recheck and scrutinize the legal documents. Consult a lawyer and see if everything is fine.
2. Office space for lease
The picture is also the same before you are taking office space for lease. If you have planned for taking a space for lease, all that you should do is ask as many questions as possible. Enquire them if the place has Internet connection. Ask them what happens if you want to break the lease and the tem of the contract. Never make the final agreement for an office space for lease unless you clearly know the terms and conditions of the contract.
A lot of people are of the opinion that only looking into the house plans or the office space plans is enough to purchase a building for sale or book office space for lease. In reality it is not the case. However, transaction is taking place in the real estate sector every moment. So, it is also not such a critical task to make a deal. Only investigate properly before you make the final deal.