Navigating the details and legalese of commercial real estate can be difficult and time-consuming.
The recent housing boom in Canada has encouraged many people to buy a residential property as an investment. However, purchasing commercial real estate can be equally a lucrative investment. Many residential property investors are intimidated when considering investing in a commercial property to maximize the return on their investment.
With Bert TerHorst’s extensive knowledge and experience, investing in commercial real estate can be an incredibly lucrative and beneficial decision for your financial portfolio.
The financial reward of commercial real estate has the potential to be much higher than a residential property. However, it’s essential to work with a highly educated and professional realtor to ensure you choose the right investment for you. Bert has built strong relationships from his 18 years of experience in selling and buying real estate throughout the Okanagan. When you work with Bert, you will receive top investment opportunities, customer service and he will reduce investment risks by completing a thorough assessment.
Commercial investment properties include retail buildings, office buildings, warehouses, industrial buildings, apartment buildings, and “mixed-use” buildings.
Bert’s expertise in commercial properties will ensure you have extensive knowledge about the demographic trends of the area, including population growth, employment, transit, and development.
When considering a commercial property for purchase, it is vital that you check the legal implications of the operation:
- Can the property be legally used for the intended commercial use?
- Does it satisfy any environmental concerns?
- What are the licensing obligations
- Are there any zoning restrictions