Homeowners pay close attention to detail from the moment they acquire a property to creating its interior atmosphere. They seek assistance from experts at every step of the way, whether they research the best information online or reach out to professionals for advice. Real estate properties, whether they are residential or commercial, both require the same level of attention and care for all the little details that matter.
If you’ve purchased your first commercial property, or are considering adding commercial property to your real estate portfolio, there are plenty of transferable homeownership skills and tips you can use. Here are the top 3 situations where your homeowner’s brain will help you navigate the purchase and management of commercial buildings.
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Funding your acquisition
Does your bank always have the best deal for your financial situation? Homeowners are the first to agree that it doesn’t hurt to shop and compare mortgage loans. More often than not, they will be able to get a better deal from a mortgage broker. The same principle applies to commercial property investors. Comparatively speaking, commercial property tends to come at a higher price tag than the typical home. Therefore, if you found your bank loan too constrictive, you’re unlikely to be satisfied with their commercial loan offers. On the other hand, reaching out to independent commercial lending platforms can help you unlock new possibilities to purchase your dream commercial property. Unlike banking institutions, lending money organizations that are specifically designed to assist individuals in your situation are more likely to understand your financial challenges and create a more meaningful deal.
Making the space usable and appealing
When it comes to home decor, bigger is big. While homeowners don’t always purchase huge XXL properties, they are always keen on creating a spacious interior. Space means luxury and comfort. So, it’s always helpful to know a few tricks such as how to maximize lights and use smart color palettes. Combined, these two can create a bright and roomy space, even if you’re working with a tiny room. Prioritizing open-plan layouts will also reduce unnecessary space waste. But here again what works for homeowners also applies to commercial real estate. Whether you own an office building, a hotel, or a shopping mall, enhancing space usage through colors, light, and open layouts can make your property more appealing to tenants and their audience.
Use social media to elevate visibility
You only need to take a quick stroll through Instagram or Facebook to find a bunch of real estate photos. Homeowners are proud to share their decor and properties online. Making your property social media friendly is a no-brainer when it comes to promoting your vacant spaces to tenants. Unsurprisingly, following inspiring home decor profiles can be the key to boost your digital brand too. Indeed, you can learn how to reach out to relevant neighbors on social media, how to create a relevant hashtag, and even how to frame your pictures for best effect.
In conclusion, property owners can learn from each other whether they side on the residential or commercial side of real estate investments. If you’re already a homeowner, you can leverage some of your knowledge and skills to find the best funding options, interior design, and digital visibility. It’s in your interest to make your future tenants feel at home in their new lease. So you want to apply the same level of care to both your home and your commercial property!
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