Benefits of Buying Winnipeg Commercial Real Estate

Commercial real estate is a long-term investment but can have many benefits in the long run. If you’re interested in investing in commercial real estate in Winnipeg, here is a list of the benefits that might help to make your decision a little easier:

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The great thing about buying commercial real estate in Winnipeg is that your monthly loan payments help you build equity. That is because a portion of the monthly payments go towards your principal loan. When you decide to one day sell your commercial property, you can extract the difference between the remaining loan amount and the market value as equity for the business.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegAsset Appreciation

Owning commercial real estate also allows you to take advantage of asset appreciation. This appreciation represents the increase in the value of your property over time. When you eventually sell your commercial property, you earn capital gains equal to the difference between the purchase price and the market value.

 

 

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Companies that invest in commercial real estate generally take up to about 50% of the space. The good thing about owning your space is you can rent out the remaining empty space. There is a lot of potential in boosting your income and helping pay down your loan when renting to tenants. The only downside of this is you are now a business owner and a landlord, which can come with some added responsibility, so that is something you may want to consider.

 

Tax Benefits

When you invest in commercial real estate in Winnipeg you can deduct the following come tax time:
-Interest expense
-Depreciation expense
-Non-mortgage related expenses

Those are just a few benefits of buying winnipeg commercial real estate. For more information contact RE/MAX professionals Commercial today!

Tips on selling your commercial property for sale in Winnipeg

Are you looking to sell your commercial property for sale in Winnipeg? Here are some tips on what you’ll need to do to get your commercial space ready for sale.

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When selling commercial real estate in Winnipeg you’ll need to realize that it can take some time. It generally takes longer to sell commercial real estate than residential real estate. You may need to prepare yourself for a slow start and have a plan to accommodate that.

 

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegLearn about the Appraisal Process

As with selling your commercial property, appraisals for commercial properties are much different than residential properties. Ask your Winnipeg commercial real estate agent what you need to ask, and what you will need to provide the appraiser.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegCurb Appeal is Everything

Do a good inspection of the exterior of your building. Make sure the parking lot is free of any garbage and debris. It may be a good idea to power wash the concrete as well. While you have that power washer out, take it to the exterior walls of your building, and also give those windows a good clean, and repair any broken or cracked windows. Lastly, make sure that any plants or trees near your building are trimmed down, so that they are not blocking any windows.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegDon’t Neglect the Interior

Inspect the interior of your commercial space to ensure there is everything is in tip top shape. If there are any scuffs on the wall or chipped paint, you may want to give it a new paint job. Also check the floors or carpets. Vacuuming and steam cleaning the carpets will get rid of any odors and give it a brand new look and feel. Also clean up any clutter and store any boxes away in a storage locker.

 

 

Those are just a few tips for selling your commercial property for sale in Winnipeg. more information contact RE/MAX professionals Commercial today!