The purpose of any real estate appraisal is to determine the market value of the property being appraised. The handbook of the Appraisal Institute defines market value as; “The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, […]
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Office Building Vacancies
Office buildings are excellent commercial properties to own. One of the most important jobs of a leasing agent for a building with available space is to analyze other buildings to see if any tenant could be induced to move. Newer buildings may fill up at the expense of older buildings. Since new buildings cost more […]
Read more.Climate-Controlled Self Storage
A feature that developers and owners of self-storage properties are adding to increase the appeal to more users is climate-controlled space for storage of microfilm, computer records, antiques and other sensitive materials. Higher Rental Income In one area, local companies were asked if they would be interested in a climate-controlled storage facility and the answer […]
Read more.Creative Management and Other Ideas
Shared Space Offices With the revolution in communications, building owners must keep up with the changing needs of the corporate tenant. Often the larger, well-organized businesses do not need the space that was necessary just a few years ago. Computers, faxes and e-mail have substituted for leased office space. Office personal are working from home […]
Read more.The Upkeep On Your Rental Property
Keeping your property in top condition is not difficult if it is a continuing effort. There will be a plan in place for making ongoing improvements by investing a portion of each year’s income. Failure to do this will result in a neglected property. Many investment properties suffer from improper care and neglect. Getting started […]
Read more.The Shopping Center Of Today
The multi-screen theater in shopping centers has been around for a long time but they have not been thought of as a key tenant until recently. The shopping center has gone way beyond a place where you can buy appeal and shoes. The shopping center of today is more of an entertainment center than just […]
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