It’s no secret that when real estate is up for sale, whether it’s a home, building, office space, retail space, industrial space, or land, appearances matter. A commercial real estate transaction involves outward and inward appearance of the property in addition to the value of the business that owns the property. If you are gearing up to sell commercial real estate, a little work in the front end can dramatically increase your ROI and net you an asking price that is far more than you originally thought was realistic. The following are some ways you can increase the value of your commercial property before closing.
Before you proceed with a buyer, make sure that the property will be able to be used as the buyer intends. Check with the local zoning ordinances for assurances that the commercial activity of the buyer is allowed in the specific area of your real estate.
There are numerous moving parts associated with the sale of commercial real estate. As the owner, you will want to make sure that actions you take to maximize the property’s value will result in a positive ROI for you and your business. For legal guidance that makes sure your commercial real estate transaction goes smoothly, trust your situation to The Law Office of Tania Sayegh Bartolini, P.A. We have years of experience helping south Florida businesses thrive. Call our office today at 954-603-1865 or reach out via the firm’s website.