Managing your own business can seem like a handful at times and tending to the building that your company lives in seems like even more work. We know what it’s like to be responsible for properties of all kinds, but we can guarantee that buying commercial real estate is far from a bad idea. In fact, you can find yourself gaining more than you might imagine by owning and buying a commercial property. Whether you are trying to attract a larger income or expand your company’s team, commercial real estate is here to provide support and help you reach your goals.
Owners of commercial properties are not usually owned by just one individual but are owned by individuals within LLCs and operate the property wholeheartedly as a business. By keeping your commercial property strictly managed by a business team, your relationship with your tenant and customers will be seen and approached professionally. As a business owner, it is only normal that you would expect customers and real estate professionals to treat you with respect and as an expert in your field.
Building a Desirable Income
The potential of increasing your income is rather likely when you allow your business to thrive in its own commercial property. Commercial buildings have a higher annual return of the purchase price ranging anywhere from six to twelve percent. The annual return for homes ranges from one to four percent at best, so the annual return for commercial property is evidently higher.
Making a Good Impression
Retail tenants have a more vested interest in maintaining and cleaning their storefront because if they fail to do so, it can draw customers away from business. As a result, commercial tenants and property owners are aligned: you won’t have to worry about constantly keeping your business’ building in a tidy shape because commercial tenants will take care of this right away. Customers naturally judge on appearance, so investing in commercial property can ensure that customers will be drawn to your business.
At Lozano Real Estate, We Help Keep Your Options Open
It is likely that you have your preferences when choosing a commercial property. Lozano Real Estate has a variety of buildings you can look and choose from. Contact us today to learn more about the amazing properties that your business can grow in!