interior of commercial building

Buyer Beware: What to Look for When Buying Commercial Property

Growing a small business is far easier when you own your own building. But before you can start putting down roots, you need to find the perfect property for your company.

This process is a bit more complicated than buying a house for your family. You need to focus on different things while also paying attention to your budget.

Though buying commercial property will be different for everyone, there are a few things you need to look for before closing on the building.

Here’s what you need to know.

Pay Attention to the Size

The first thing your real estate agent will tell you on the commercial property hunt is to think in terms of your company’s future rather than its current state.

If you plan on hiring more employees or expanding your service offerings, pick a space that can grow with you. Choosing a building that’s just right for your current team will make it tougher if you decide to expand.

The last thing you want is to invest in a property only to need to sell the building again in a few years.

Look at the Parking Situation

Every business will need different parking solutions. For those that see a lot of customer traffic each day, the lot needs to be accessible, spacious, and in close proximity to your building.

For businesses that don’t have clients visiting the property, parking still needs to be convenient for your employees. Further, it needs to have enough spaces to accommodate both your current team and any future new hires.

Check the Quality of the HVAC System

Your team and clients need to be comfortable anytime they’re in the building. This means the commercial air conditioning and heating system needs to be in good condition and sized to the space.

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If the system is too old or too small, you’ll need to have it replaced. Unfortunately, this can put strain on your commercial property budget. But if you’re patient, you might be able to negotiate a lower sale price as a result.

Make Sure It Gets Plenty of Natural Light

Natural light is one of the easiest ways to improve the comfort and feel of an office building.

It makes even small rooms feel more open and inviting. But it can also lower your energy bills each month.

The less you have to run the electric lights, the lower your electric bill will be. Over the course of the year, adequate natural light can save you hundreds on your company’s utility bills.

Versatile Spaces for Your Team

Your team needs a space to regroup, take breaks, and relax throughout the workday. The right commercial property will have either pre-existing breakrooms or enough space to build those breakrooms.

When looking at properties, decide if the building has enough room to accommodate storage, conference rooms, and breakrooms. Remember, the average person spends about 13 years of their life at work.

The more comfortable you make the space, the happier your employees will be.

Take the Stress Out of Buying Commercial Property

Still on the fence about buying commercial property for your business? Click right here to get more advice and helpful tips to make the buying process easier.