There are several reasons why many commercial property owners are paving their driveways with asphalt rather than concrete. Asphalt pavement comes with many benefits and advantages; especially when it comes to maintenance and repair. Asphalt is much more economical than concrete for this reason and more. On top of its flexibility and easy maintenance aspects, it typically costs less than concrete materials at most hardware and construction stores. Although concrete paving can last up to 15 or 20 years without needing repairs, asphalt is still a trendier choice for most residential and c…

Buying commercial property from where to run your business can be one of the best decisions you make especially on costs. It is a much better choice cost wise compared to properties on lease or rentals that can be quite pricey. It is, however, important to remember that commercial real estate carries more risks compared to buying residential property hence you need to do your research thorough and run a complete analysis before making the final choice and going through with the buying process. Below are some of the factors you should never ignore when hunting for commercial property for yo…

When examining a commercial property for suitability in your investment portfolio, the term capitalization, or CAP rate, is frequently used. It can be thought of as a rate of return on investment, much as bonds have rates of return. But just what is it telling us and why is it so important to understand if you are considering buying a commercial property as an investment? At its most basic definition, the CAP rate is the rate of return an investor would receive on an all cash purchase. It allows us to compare properties, to spot trends in market values, and to measure levels of risk to inve…

If you are opening a business or an office and considering leasing space, there are many different types of leases you could be asked to sign. Your monthly payments can be determined in more than one manner, so understanding the type of lease you are being asked to sign is crucial. Just because the property is offered at a set price per square foot doesn’t mean that is the final price. Taking the time to understand the different kinds of leases offered ensures that the final cost you pay is what you expected going into the deal and could determine your ultimate success or failure. There are…