When it comes to buying real estate, it is often said the three most important factors are location, location, location. Regardless of whatever be the purpose behind buying a commercial real estate, people will make their buying decisions based on the location of that area only. But, do you know why location should be the most important consideration? It is because the condition of a building changes, but the location never will. The location of your office determines many things which will affect and influence a office’s value. These items include the overall quality of business, the people involved and their requirements, commute times, and social opportunities. Even if you find your dream office, you should never sacrifice location. It is often better to adjust your price range in order to find an office in a better neighborhood, then to compromise.
One of the most important decisions we will ever make is to determine where to open a business. It is the location that will most impact your everyday business and your business’s future value. A great neighborhood will help sell your office because of increased demand, selling faster and for more money than similar offices in less attractive areas. With all the stress and pressure to find a place, how do you know if a location is truly great? Here are some things to consider that will help you determine if you found a great location.
Geographical Location – When first looking at a location, consider those things that are most important to you, such as the climate, job opportunities, proximity to other businesses, and average office values. You are going to work in this area so, make your decision wisely.
Urban vs. Suburb vs. Rural – How urban, suburban, or rural the location is will impact a business community’s walkability, education options, closeness to shopping, entertainment and healthcare and anything else you may need in connection to an office area. It can also impact your business and a neighborhood’s level of peace and quiet.
Safety Concerns - For many people, safety is their top priority. You will find that businesses in high crime areas are much less expensive. That said, is any savings worth potentially becoming a victim of a crime? Moreover, when it is time to sell, you will have a much harder time finding a buyer.
The Neighborhood - Even in a small town, different neighborhoods can have drastically different characteristics. You want to select an area which will suit your business around your neighbors. You will also likely want to be near the kind of place where your business can actually grow.
School Districts – Even if you don’t have an education business, the school district is a very important consideration. The quality of a school district can impact future business value. Parents will often pay a premium to invest in businesses related to education and also an area with really good schools. Think long and hard before buying in an area with sub-par public education.
Employment - A long commute can have a negative impact on your quality of business. Additionally, you have to consider the possibility of a change in employment status. Does the area you are looking at have job opportunities in your area of expertise? Long drive times are not for most people.
Leisure Activities - What kinds of things do you and other office members like to do? If you like going out to eat, or even miniature golf, buying an office with few nearby leisure activities may make a whole lot of sense.
Today’s article discussed some reasons why location is important when buying an office. Ultimately, if you buy a shop or office in a questionable area, you could have a hard time selling the property when the time comes. Often, it is better to fix up an office in a great location. This can give you the best opportunity to receive the greatest return on your investment and make it easier to sell later on. In this connection one can highly suggest Anthurium as a commercial property that can aid investors and buyers to avail maximum benefits from their property. It is the new commercial project in Noida, located in the central location in sector- 73, offering commercial office spaces both smart and virtual for businesses. The place is situated at the most convenient location for both the employees and the companies. The main center of attraction of Anthurium is its well-designed & eco-friendly commercial space. It is impressively designed to hang over the edge of the building and can rightfully be called as the next generation workspace. Over and above, Anthurium is one of the most economic location in Noida designed in a mix of luxury offices with high street shopping area, standard food and signature dining space as well.