Tips to help you make a wise site(finished)

Tips to help you make a wise site(finished)

• 1.
  Tips to HelpYou Make a Wise Site Selection
• 2.
  Every real estateinvestor should be well schooled in the benefits of a good location. Site selection does not mean picking the right building, but rather establishing the best location to do business. Analyzing factors such as cost, convenience, facility requirement and zoning allows you to select the best location for the long-term success and housing of your enterprise.
• 3.
  The cost ofa property is more than the initial purchase price and includes the financial impact on employees. Municipal and state taxes vary from one area to another, and significant long-term savings can be realized by doing a little bit of research into taxation in the area you are considering. The answers will have an impact on the overall long-term cost of any location you are considering.
• 4.
  Convenience can meansomething as simple as whether there is convenient parking nearby. Considering the clients you hope to attract will help you establish which conveniences your business will require.
• 5.
  Facility requirements willvary from business to business. Do you have special power needs? Is a meeting space required? Do you require truck- level loading? Does the business require specialized storage? In many ways the facility requirements will dictate which locations will suitably accommodate the business in question.
• 6.
  Zoning is typicallydictated by the municipality. Many cities have strict zoning requirements, and it is imperative that you understand the zoning restrictions because they can have a substantial impact on the cost of the location you are considering. Applications for zoning variances can be complicated and costly, and there is no guarantee of success.
• 7.
  Randy Bett www.BetterGroupRealEstate.ca