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By Tony Seruga, Yolanda Seruga And Yolanda Bishop
Investing in commercial property can be a lucrative venture. However, you can capitalize on your return by boosting your commercial property’s value by adding some investment friendly features. These improvements can run the gamut from a substantial initial payment to a mere investment of your time and sales skills. You can take a piece of undeveloped land and increase its value exponentially by using a few techniques to give it more selling power and you a higher profit.
There are various types of commercial property. Offices tend to have a high value when situated in the central business district of a city. Major office districts, regional centers and suburban centers are other viable areas.
Retail property can also yield a higher value in these areas, but they also do quite well in neighborhood centers and local centers. Location is key in getting the greatest investment potential for your money. Shopping centers, strip shops and malls have a great propensity for investment. However, when purchasing the land, it is typical for the land to come in a parcel of a certain size. Quite often that parcel of land exceeds the desired use and this is where the smart investor can cash in. By leasing the surplus property to other entities, such as popular mass merchandisers that dominate the market and strip malls, supermarkets, major chain corporations and some specialty shops and you have a recipe for great profits. In short, if you build a shopping mall on your property, then lease the surrounding property to Wal-Mart, Lowes, Old Navy and have some strip malls as well as a couple of restaurants and you have a money making machine.
It does not matter if you are developing raw land to improving on existing structures. An apartment complex, office park, shopping mall or warehouse, making additions to the property as detailed here will increase the value to the property and increase profits. To make optimum improvements to properties will increase the value and drive sales. Location is key, as is considering the population that will frequent the property. This could lead to additional improvements and to additional properties and developments. Assessing the location and population will go a long way in driving your profits to the properties and you can help to shape the markets by adjusting price and land improvements. With this knowledge, you can get the most from your commercial property.
About the Author: Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.
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