When furnishing an office, you have two options: either buy new or refurbish your old furniture. Both options have their advantages and the decision is ultimately one only you can make. Here are the benefits of both sides, hopefully to help you decide which road to take for your own, personal office space.
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Monday, March 30, 2015
Monday, February 23, 2015
Tips For How to Negotiate a Commericial Property Lease
Starting a new business can be overwhelming and challenging, and one of the most difficult parts can be finding an affordable office space. If this is your first business the process of finding a lease that works for you and your business can seem daunting, but there are a few questions and things to consider before jumping into a lease.Setting the Term of your Lease
The term and rent of your location is the first point that needs to be negotiated. The trick to this is to not over commit if you are a small business. It's recommended that small businesses negotiate one to two year leases with the option to renew. You will also want to discuss and negotiate rent increases over the term so you are not unexpectedly hit with a rent increase with no warning from your landlord.Be prepared for your landlord to push back, they may try to lock you into a longer agreement by offering deal sweeteners. It is helpful to bring a broker to negotiations, as they know about the local market and what sweeteners to look out for.
Expenses
Like residential leases, landlords often tack on extra expenses like maintenance fees, upkeep fees and so on. Make a point to ask the necessary questions during negotiation: what about utilities? how are these extra charges measured? Also look into the "hidden fees" and policies and inquire about the average costs of previous tenants.Maintenance and Repair
Unlike residential leases where the brunt of the maintenance and repair responsibilities fall on the landlord, commercial leases are different. Commercial leases vary in their approach to this, some stipulate that it is the tenant that is responsible for all the property upkeep while other specify that the tenant is only responsible for certain repairs etc.Defaulting
Often businesses get closed down due to defaulting their lease. In order to protect your interests and your customers, it is important to know exactly what defaulting terms you are agreeing upon upfront. Talk with your landlord and decide if you will be locked out immediately or if you will be granted a grace period. Will you be able to negotiate for more time for yourself if you default? All of this information is important as it can save you and your business money.Read Your Lease
It goes without saying that you should always read and reread your lease carefully and completely to make sure you fully agree with and understand all of the terms and clauses.About the author: Mary is a guest contributor from The Lansing Economic Area Partnership or LEAP, a coalition of area leaders committed to initiating Lansing, Michigan economic development.
Friday, March 1, 2013
Self Home Inspections
You can learn as much as you can about the condition of the property and
the need for any major repairs, fixings and installations before you buy. Home
inspections will point out the positive aspects of home, as well as the
maintenance that will be necessary to keep it in good shape. After the
inspection, you will have much clearer understanding of the property you
are about to purchase, and will be able to make a confident buying decision.
There’s a few things you can check for yourself when looking
at a new property to make sure you don’t make a big purchase that may have
underlying issues. following suggestions will help to get the home ready for
the home inspection, and minimize the need for the home inspector to make a
return trip to the home, which may cost an additional fee.
Be sure you ask the real estate agent or the property owner
how the drainage systems function, and when the last time was that they were
repaired. One of the most costly and devastating problems new home owners deal
with is basement flooding, which can destroy stored items as well as lead to
mold and mildew problems. Make sure drainage systems point away from the house,
and won’t overflow into areas near the basement.
Are there overhanging trees on the property, or are there
trees with the capability to overhang the home in the future? These can be a major liability for the home, and should be taken into account as a necessary repair at some point.
Some things like furniture and appliances won’t be covered
by the previous home owner, and you might be strapped for cash when you first
move in. Rely on a company like Central Texas Home Rebates to help give you some cash to finance those purchases.
Thursday, November 8, 2012
Property Condition Assessment Inspectors
An official property inspection is basically a visual
examination of your residence that is performed by a licensed inspector. The
process is totally objective, and the chosen professional is there to speculate
how your property is operating. Most would compare the course of action to that
of a physical examination conducted by the family medicine physician. Both are thorough
and necessary. However, do not confuse this procedure with a house appraisal,
for it does not constitute a market value by applying a pass/fail grade. It
only indicates the present condition of your house.
What's the Point?
It is completely normal to question the significance of a
property condition assessment, especially if you have never administered one. You need it to
summarize the current state of your dwelling by reporting any problematic
symptoms before a disaster occurs. You will feel secure in knowing that you
were able to prevent a mishap by seeking the assistance of an inspector.
What Should One Expect?
In a property inspection, everything from the condition of the
heating and cooling system to that of the roofing and floors are included. The
inspector observes the physical and underlying structures of your residence,
and he or she is likely to jot down notes on what needs improvement and what is
in good shape.
The Final Cost
Inspection fees ordinarily vary depending on the size and
type of housing that you own. The price is also determined by the features and
the age of the individual property. Thus, it is a good idea to carefully
compare costs before making a decision on who you want to inspect your property.
The costs may not be agreeable to you, but you must not let it affect your
choice to go through with an inspection altogether. Remember that every
residence requires an inspection at some time or other to ensure the quality of
the property. Furthermore, do not resort to examining the property yourself.
There are certain skills that you may lack in property inspecting, and only a
professional may be able to detect the smallest of problems. Seek the best
qualified.
Finding a Good Inspector
You can easily find a well-trained property inspector by listening
to word of mouth (be cautious about who you trust), looking through referrals
on websites, or visiting local inspection agencies to question individuals in
person. Keep in mind that an ideal inspector will always display competency,
interpersonal skills, and professionalism. Choose accordingly!
In order to stay confident in the qualities that your house
offers, seek a licensed inspector to perform your property inspection.
Your property deserves as much care as you do!
Thursday, October 25, 2012
Finding Your Dream Property
Everyone wants to find their dream home, the one with a lot of lakefront, a pontoon boat and a nice sandy beach, or one up in the mountains with fantastic views and right next to a prime ski resort. For many people,
this means searching around for many upscale homes available in areas
all over the country. There are a number of ways to define an upscale home, but
for real estate purposes, an upscale home is usually twice the value of
surrounding homes. Basically, upscale homes are houses that have a high number
of rooms, high square footage, and a unique design or other such aspects. Many
of these homes include amenities such as a fireplace, swimming pool or
specialty rooms.
These homes can have very unique designs, as mentioned
above, which means they can often be custom-built to suit what you want in a
home. There are also many models you can choose from, depending on who you are
dealing with and where you want the home to be located.
Buying an Upscale Home
When looking into buying one of these pricey but beautiful
homes, general and specific research should be of utmost importance in the
process. Upscale homes can be found in almost any location. Whether your dream
is to live on a ranch, a secluded wooded area, a gated community or in a simple
neighborhood, you can find an upscale home in your desired environment. The key
is to find a good realtor to help you along the way. He or she should
specialize in luxury homes, and will have access to a wide range of upscalehome listings, so you will be able to choose from the greatest number of homes
that fit your needs and your budget.
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