You're evaluating a property for a client. How do you quickly determine its suitability during a viewing?

During a property viewing, quickly evaluate its suitability by focusing on key location factors. First, assess accessibility, ensuring the property is easily reachable via major roads, public transportation, and nearby airports or train stations if relevant. Next, check the surrounding amenities, such as restaurants, cafes, and retail outlets, which can increase tenant appeal. Consider proximity to competitors or complementary businesses that could impact foot traffic. Evaluate the local demographics to ensure they align with the client’s target market. Lastly, review zoning regulations to confirm the property meets the client’s intended use. These quick checks provide a comprehensive location assessment.

When evaluating the size of a property, ensure it aligns with both the client's current and future needs. Consider the usable space by looking at the layout and functionality, not just square footage. Scalability is key; the property should accommodate potential growth or expansion without requiring costly renovations. Pay attention to ceilings and storage areas if relevant, and ensure the space allows for efficient workflows or operations. Also, factor in any common areas, hallways, and shared amenities that could either add value or reduce usable space. A property that offers flexibility and growth potential ensures long-term suitability.

In order to assess the suitability of a real estate object to the client's request, you first need to identify the client's needs. Then make a detailed checklist of the key requirements of the client (from the most important to the least important) and evaluate the object in accordance with the checklist. 1. Purpose of object acquisition - form of further use 2. Current market situation / competitors of the property in the area / city 3. Preliminary study of data on past transactions in the area where the property is located

When checking the condition of a commercial property, I look at the basics like the structure, making sure the roof, walls, and foundation are solid with no obvious damage. I also test the HVAC, plumbing, and electrical systems to make sure everything is running smoothly. I check doors, windows, and interior spaces for wear and tear, and I always confirm the fire safety systems are up to code. Lastly, I take a look at the exterior, parking lot, and any signs to see if they need repairs. This helps me know if the property is ready for use or if it’ll need some work.

Siempre hay que ver la posible compra con los ojos del Comprador. Para esto debe tenerse en cuenta cuáles son las prioridades dentro de todos los puntos expuestos, más los que él pueda sugerir. Con ello, se trata de llegar un análisis tipo coste de oportunidad para ir checkeando y verificándolos, pero... la clave de la eficiencia radica en tener claras las líneas rojas dentro de esas prioridades, lo que nunca estaríamos dispuestos a aceptar, como inicio de cada análisis.

Accessibility is crucial for any commercial property because it directly impacts the ease of access for clients, employees, and suppliers. A well-located property with good road connections, nearby public transportation, and sufficient parking ensures that people can reach it without hassle. Additionally, compliance CC , OC , Fire NOC or similar local regulations ensures that the property is accessible to everyone, including those with mobility challenges. Features like ramps, elevators, and wide doorways make the space inclusive and convenient, improving foot traffic and tenant satisfaction. Accessible properties also tend to attract more business, making them more valuable in the long run.

When evaluating a property, understanding the lease terms is super important because they outline exactly what you're committing to. Things like the rent amount, how often it’s due, how long the lease lasts, and if the rent will increase over time can really affect whether the space is affordable in the long run. Plus, details about who’s responsible for maintenance, whether you can make changes to the space, or if you’re allowed to sublease are key to making sure the property works for your needs. It’s all about making sure there are no surprises down the road.

Structural Limitations: Check for load-bearing walls or columns that might restrict layout changes. For e.g, a central pillar may limit open floor plans. Landlord Policies: Inquire about any restrictions on modifications, such as prohibiting wall removals or installations. This could affect a restaurant's kitchen design. Assess the availability of essential utilities like plumbing and electrical systems. A lack of sufficient outlets can hinder specialized equipment installation. Zoning Regulations: Verify compliance with local zoning laws that might restrict business types or operating hours. Evaluate the space's adaptability to meet specific business needs, such as creating private offices in an open area for a consulting firm.

One thing I have found helpful is to contact the public administrative department to check with them the possibilities and the specific landlord policies. In our country (Switzerland)= each Canton & each Commune have different policies.