Blog Business, Economy and Finance in Canada
Do you want to make huge money? Well, who doesn’t? The only investment which can be termed as a risk free investment (if you do proper research before investing) is Real Estate.
Real estate can be a great investment and the properties you own can determine the strength you hold in the society. Be it residential properties or commercial real estate properties, no real estate investment is bad.
However, owning a commercial property can give you some huge returns on investments.
In simple words, any property on which you are making money is a commercial property. Office buildings, retail houses, industrial buildings, rental homes, hotels, restaurants, warehouses etc comprise of the majority of commercial real estate segment.
The return of investment (ROI) can be huge is you set it right. To give you an idea, commercial space can give an annual return off the buying price upto 15%. It also depends on the locality, type of property and many other things. It is always advised to have a commercial property consulting from a professional consultation company before making any investment decisions.
If you own a commercial real estate property like a hotel or a warehouse, a business set up is rather easier. Not only the setting up a business becomes easier, the relationship with other investors also gets stronger. It is a fact that a huge commercial property may not be under an individual’s name but a group of investor’s name. This helps in building positive professional relationships.
A commercial real estate property is meant to make you money. You cannot lose money and call it a commercial real estate investment.
With the help of global real estate consulting company like Altus Group, you will get a professional cost evaluation of your commercial property and it’ll make sure that you’re ending up with profits in your hand and not the other way around.
However, in the case of non-commercial real estate investments, I can’t say the same. Non-commercial properties are often termed as residential properties like your home or apartment where you do not think of making money out of them. If you are thinking of investing in a residential property, do not think of it as a money making investment. There is always an emotional factor involved with the residential properties which make cost evaluation more personal rather than professional.
You’ll need a professional help to begin with. There are a number of commercial real estate consulting agencies which can provide you end-to-end results. From investigating the property, re-sale values, return on investment, and closing the deal – everything will be taken care by trusted real estate consulting company like Altus Group.
Now what are you waiting for? Go and start some research about your ideal investment. Good luck!