Purchasing industrial property, whether you are going to be making use of it yourself or renting it out, is a big decision.
Doing your research and taking a number of important factors into consideration is an essential part of the decision-making process. We shed some light on 4 things to consider before purchasing an industrial property here.
Location, Location!
The location of the property is an important factor to consider when you are thinking of purchasing an industrial property. Industrial properties will be used for business, so they need to be located in an area where they are close to all the utilities and facilities they will need to thrive. Depending on what the property will be used for, you will have to consider different needs here. The property will be more valuable if it is in the right location.
Environmental Impact
Globally, environmental awareness continues to grow, and new laws are being put into place to limit the impact we have on the environment. These laws will have an impact on buildings and property industry, so the environmental impact of the properties you are looking at is something to consider before making your purchase. When you are looking at industrial property, one of the most important factors to consider is the impact of the property on the surrounding land. If you are unsure, have an environmental specialist check for you before signing a contract, as this could be the difference between and bad and good investment.
Your Budget and Finance
Before you even start looking at industrial property to purchase, you’ll need to have a clear budget in mind, as well as a way you plan to finance the property you purchase. Selling industrial property on auction is what we specialize in at In2assets, and we offer buyers some amazing properties at great prices. Once you have your budget in mind, you can look at properties within your price range. If you are going to need the assistance of the banks to assist with financing your property, you need to do your research on the processes and procedures in order to get finance, as well as what you will qualify for.
For more information on purchasing industrial property in South Africa, or to see the industrial properties we have on auction, be sure to visit our website at www.in2assets. Co.za or give us a call on 0861 444 769 today!
