Individuals and firms in the business of commercial real estate always need to be aware of the factors and elements which can severely impact the value of their investment. Often times, things which are out of your control can lead to a major swing in value, both positive and negative, making it absolutely essential to make yourself aware of these factors. Thankfully, informing yourself of the things which can impact your investment can help guide you in the process of buying and selling Denver commercial real estate. One of the things which can absolutely affect the value of your commercial real estate property is crime.

How Crime Plays a Role in the Value of Denver Commercial Real Estate

Of course, any property owner dreads the idea of crime in their neighborhood, as it can make things unsafe for both you and your customers. Crime can be one of the quickest things to drive businesses away from a neighborhood and drastically reduce the overall value of your property. Prospective buyers will likely be swayed away from purchasing a property which has a high crime rate, as it will not only be a liability to conducting regular business operations, but it will also be something which will reduce the resale value of your business. 

It’s important to be aware of the current crime rate when searching for your next Denver commercial real estate property, as it will seriously affect your ability to gain equity and value in your property. If you are looking at a property which will be meant for regular foot traffic, having a high crime rate will make it extremely difficult to attract potential business tenants to rent from you, as they will not want to jeopardize their customers in the process.

Always consult the most up-to-date crime stats prior to purchasing your building, as it can make the difference between buying something of value and something which will continue to be a persistent liability. Often times, commercial real estate properties will remain vacant for long periods of time if they are located in high crime areas, which can cost you dearly. If your goal is to increase the value of your property by making consistent rental income, crime will be one of the biggest detractors to this goal, as tenants and prospective buyers alike will not be attracted to your property if it has constant crime issues

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.

 

The act of locating your perfect Denver commercial real estate property requires a fair amount of research prior to a deal being completed. It’s not just a matter of surfing the web and locating a property that looks appealing and then making an offer without ever looking at the building first. If you want to make an informed decision which will pay off significant dividends in the long run, it is wise to consider all aspects of the property before making a final decision. One of the most important things to consider, outside of the building itself, is the neighborhood in which the property is located, as this can make or break whether something is a good purchase or not. 

A Property is Only as Good as the Neighborhood it is Located In

Ok, this isn’t entirely true all of the time, but you can bet that one of the most important factors to take into consideration is the location of where a building is. A property may be in pristine condition with all of the necessary requirements you are seeking in a Denver commercial real estate property. It may have updated amenities, it may be an extremely affordable price, and it may meet all of your desired qualities. But if it is located in an undesirable town, it may very well kill a potential deal.

The value of a property needs to be assessed based on the neighborhood it is located in. This can change and vary significantly from block to block, as a restaurant property located just a few blocks away from a happening area can reduce its value tremendously. It’s not just a matter of being fairly close to be a solid buy; often, a few blocks can be the difference between a building being a great purchase and being a losing proposition. 

When looking for a building which meets all of your desired qualities in a Denver commercial real estate property, the neighborhood it is located in is especially important, specifically the demographics of the area. If you are trying to open up a night club, you definitely don’t want to be located in a part of town which lacks young people, likely your biggest potential customer. You should always consider all of these types of factors when purchasing a property, as location is perhaps the most important factor to take into account after looking at the building and price of the property.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

Making the decision to jump into the Denver commercial real estate market requires you to find someone who can help guide you through the process, ideally towards a property which will not only fill your specific needs but will be a winning proposition for you in terms of your finances. It’s important to select someone who can help you find a property which can provide you with the needed income and equity that you seek, without also finding you a property which will be too much of a hassle to get up to the condition you need to have it. It’s important to select someone who has the knowledge of the market while also providing you the service needed to make the best possible decision. Here are the qualities you should look for in a commercial real estate agent.

Responsive
When it comes to finding a great commercial real estate deal in Denver, one of the most important factors to look for in an agent is to have someone who will be responsive throughout the process. In terms of sealing the deal, hours can be all it takes to win or lose a deal, making it absolutely critical to have someone who will pick up their phone in a timely manner. If you have an agent who has a hard time picking up their phone or responding to messages, you will very likely be on the receiving end of a bad deal. Always choose someone who will be responsive to your needs and do everything possible to help you close the deal.

Knowledge
In terms of the commercial real estate market, it is important to have someone who understands the marketplace and can help guide you through the process. A rookie real estate agent or someone who hasn’t done their homework can prove especially costly if they make a serious error in the process, potentially costing you a ton of money or hassle in the process. It is important to work with a commercial real estate agent in Denver who understands the ins and outs of the business and what is legally required to make a deal finalized. You shouldn’t simply trust any real estate agent to get the deal done for you, as this can turn out poorly for you in the end. Always work with an agent who understands the business and who can advocate for you in the best way possible.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

If you’re excited about the prospect of jumping into the Denver commercial real estate market, it can be important to be aware of the ways in which you may end up getting scammed or be on the wrong end of a deal. Although commercial real estate can certainly be a terrific option to consider for your investment portfolio, there are definitely certain ways you can end up regretting a particular deal, especially if it ends up costing you dearly in the pocket book. With that in mind, here are some of the warning signs you should be aware of before sealing any deal from your trusted Denver commercial real estate firm.

A Seller Doesn’t Want to Show You The Whole Property

If this situation is playing out in the course of looking at potential properties, you should certainly be thinking about walking out the door. If a seller isn’t keen to show you everything, there is almost certainly a part or aspect of the building which may be a turnoff to you. A seller should want to show you every aspect of their property, as it should be in the best position possible to be ready to sell. If this scenario is occurring and you are still committed to considering the property, ask to see the entirety of the building or walk out the door.

The Property Has Been on the Market for an Extremely Long Time

If a property looks too good to be true, often this is the case. The chances of there being a hidden gem awaiting you and your team of investors is highly unlikely, especially if a property has been on the market for longer than a year or more. In down markets where there is less investment activity, this may not be the biggest red flag in the book. 

But in 2019, the real estate market is still shaping up to be in a healthy state, and a property which has been on the market for much longer than average is a sign that something might be wrong with it. This is not always the case, as some properties may have certain aspects which put the potential buyers into a much more narrow field, perhaps due to price or other aspects, but it can definitely be something to be cautious of. A building which is in a prime location and looks solid but cannot sell is certainly something to tread lightly around.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

Making the decision to invest in Denver commercial real estate can be one of the best decisions you make, as this type of investment can end up paying you substantial dividends over the course of your lifetime. The dream scenario for every investor is to have something which not only provides a steady stream of income over time, but also allows a person to sell the property at some point (if they want) for a substantial profit. Being able to make money during this process can make the act of purchasing commercial real estate a really good decision. But before you take the plunge into this market, here are some helpful tips to make the process a success. 

Involve a Lawyer to Help Guide You Through the Process

When it comes to making the decision to invest in the Denver commercial real estate market, it can be tempting to want to go it alone and simply take on the process yourself. While this might seem attractive, you will likely soon realize that many of the important legal terms involved in this process will go over your head, requiring you to hire a lawyer to help guide you efficiently through the process. Lawyers will be able to advise you on the many terms and conditions which may not be easy to understand to the layman, and they can assist you in navigating the process easier.

Understand Your Costs

If you are trying to operate a successful business, one of the most important aspects you need to take into account are your overall costs and whether you will be able to afford them. The same is true in the Denver commercial real estate market, as it is important not to overtax yourself and make it difficult to actually turn a profit. 

If you use every last cent you have to purchase a property, you will likely not have the needed funds to get your building into working order. Unless the property is pristine and requires no maintenance after you have acquired it, such a scenario will leave you in a very tight spot, potentially requiring you to take out significant loans on top of your commercial mortgage. You always need to know what your budget is before you set out looking at properties, as you will need to have money set aside outside of whatever the actual cost for your chosen property ends up being.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.