The Best Ways To Start Buying Commercial Properties
Commercial property has become more and more popular across the world as a sound investing option. Now it is considered one of the best investments available due to the instability of other assets. According to the statistics last year, investments in immovable property were the most popular among U.S. residents with over 35% of Americans investing. According to the National Association of Realtors (NAR), younger and older millennials now make up the largest percentage of first and second time home buyers.
But what about commercial real estate (CRE) properties?
The commercial property industry is unfortunately full of scammers and fraudsters; that is why it is important to purchase wisely. Entrust this task to commercial real estate professionals who can help you buy your first commercial property free of worry.
Check The Types Of Commercial Real Estate
The class of commercial property is determined by several important factors: price, location, and state of a building you are going to buy or rent.
The class system in the immovable market works the same way as the grading system in high school. A goes for the best, C - for the worst commercial properties. Here, you can find out about the classes of commercial property and their differences.
Class A
Class A buildings are considered to be the best in the market. They are the newest ones, built no more than 15 years ago, and are usually located in the well-developed districts of a city. Thus, this real property is the most expensive.
Class B
Class B property is not new, but it is considered a good investment by many. Usually, it requires some renovations, which can make it better and, as a result, more expensive. The price of the buildings is slightly lower than class A.
Class C
Class C constructions are the oldest properties sold in the market, typically aged 20 years and more. They are usually located in less developed parts of the city and require huge renovation investments. The price is far lower than class B’s, but it is very expensive to spruce them up.
Find The Right Property Pros To Help
If you need some tips on how to buy real estate, don’t be afraid to ask for assistance. Metropolitan Premium Properties is at your service. The company has specialists who work in this industry for years. They can help you acquire property in Dubai. Contact them if you need:
● Buy or rent a property
● Property handover
● Short-term rent
● Loan processing
● Citizenship programs
● Property management
Learn Building Classifications
You already know about building classes and their differences. However, buildings can be classified in different ways for commercial real estate property.
One of the most important factors you need to take into account is the purpose of a building. What is it used for? Knowing the answer to this question, you can fully understand which category it belongs to.
In architecture, there are several types of buildings based on their purpose:
● Commercial - used by businesses to work and sell their products and services to consumers (offices, hotels, shopping centers, arenas)
● Residential - houses, apartments, and condos where people live
● Industrial - places where the products are produced and stored until the company sells them (factories and storage units)
● Infrastructure - buildings that support the work of other buildings (power plants and waste transfer centers)
● Agricultural - buildings that people use for agricultural needs (farms, stables, and ranches)
● Institutional - places where educational, governmental, civil, social, and other services are provided to the citizens.
Secure Your Financing
Metropolitan Premium Properties guarantees that your financing is safe. No one can interfere and misuse your data or assets. The company respects your wishes and does its best to satisfy them.
You can pay in your preferred currency. On the Metropolitan Premium Properties website, you can see all the prices in USD, AED, and EUR.
Secure A Business Loan To Do The Deal
If you want to get property in Dubai but have financial difficulties, Metropolitan Premium Properties is your best advisor. You will get help whenever you need it. The company cooperates with the major United Arabian Emirates banks:
● First Abu Dhabi Bank;
● Emirates NBD;
● Dubai Islamic Bank;
● RAK Bank;
● Commercial Bank of Dubai.
Financial experts look through every case to make sure that everything is okay. If you need to make a business loan, the agents will help you secure it so that you can buy or rent the commercial property of your choice. In case you need some financial advice, feel free to contact the support team at Metropolitan Premium Properties.
