When purchasing commercial property, it’s always important to do your homework before entering the market. Part of that homework involves getting sound advice on financing, legal issues and where the most profitable location is for your particular business. A knowledgeable commercial real estate agent can be a valuable asset, a partner in the process. Commercial realtors, such as those who are certified by the Canadian Real Estate Association, can help navigate complicated issues such as zoning-by laws, environmental regulations and tax implications. The right real estate agent should understand their client’s individual needs and be able to advise, recommend, caution and counsel. When looking to buy or lease commercial real estate in Brampton, find a brokerage based in the area, with trained realtors that know the pros and cons of a variety of neighbourhoods. Involve the agent early in the process, to take full advantage of their tips and expertise.
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Brampton is a terrific city to do
business in. The Greater Toronto area is booming, with its projected
population growth to reach almost 9.5 million people by
the year 2041. The region boasts a flexible workforce, skilled workers, global
connections and a variety of work sectors. While still close to the downtown
core, Brampton offers a more affordable option, with a sense of community and
high standard of living. Here are some tips for buying commercial real estate
in Brampton.
Do
Your Homework
It’s important to be able to articulate
clearly and professionally the needs of the business. Items to consider are:
· Accessibility.
· What kind of neighbourhood is best
suited to the business.
· Projected growth of the company.
· Required space.
At the same time, get the company’s
finances in order. Make sure the business is prepared to take on all potential
expenses. Prepare a well executed business plan and financial statement. Plan
for any renovations or construction costs. Once a plan is in place, it’s time
to get a knowledgeable, Brampton
based, certified REALTOR®on board.
The right REALTOR®can help you wade through the paperwork. When looking to buy or lease
commercial real estate in Brampton, consider one of the smaller, boutique firms
with a personal touch. The brokerage JN
Asensio Realty has been getting excellent reviews and
repeat business. They offer both residential and commercial services.