Never make your first move to buy commercial property in Bangalore without this checklist.
Are you planning to buy a commercial space in Bangalore? Its indeed a huge move for if you are new to the real estate niche. Well, there are some basics to ponder just before you get into the investing process. So, let’s discuss in detail here. You need to understand that commercial property, like every investment, needs in-depth research and right moves to be successful in the arena. In case you are first – time buyers, there is a lot of research and learn.
One simple reason to be careful with the real estates is that you are playing with huge cash, the bigger the potential, the higher the risks you have. You do need wise investing plans that yield you maximum results and minimum risks. Real estate is a tricky game where there are chances of losing all at once. So play the game with diligence and ease. You need to learn various tips, advantages and pitfalls that are quite common with the act of purchasing commercial properties. Before getting into the detailed analysis, let’s get into the basics first.
What is the difference between commercial and residential properties?
On the core, the commercial spaces include buildings that are used for business, shops, flats, office, showrooms, etc. Most of the residential properties come with lower lease time like six months or a year. Here the commercial properties come with long term lease periods ranging around 10 to 15 years. Commercial space for lease in Bangalore in very common and through this way you need not worry about changing the rent or other profitable investments. Other advantages include tax breaks and freedom to choose the ideal space that suits your business needs.