Commercial property investors should thoroughly check all information provided about a potential property purchase. A real estate agent can help verify key facts like zoning and measurements, but this information should still be double-checked directly with sources. Investors should also confirm any municipal restrictions and details of utilities directly with planning offices to ensure their business plans are permitted and needs can be met before finalizing a purchase. Making informed decisions based on accurate information protects investors from costly mistakes.

1. Why Wise Property Investors
Check and Check Again

2. Buyers have very specific
requirements, and commercial
investors are no different. A
number of components are
necessary for a business to operate at peak
efficiency. To be successful, for example, the
building must match the needs of the business.
It’s important, then, to make sure you get what
you’re paying for.

3. A real estate agent is a valuable
resource in the investigation of a
property that a buyer is
considering. Real estate agents can
help verify the vital facts that are important for
a business to be successful.

4. Real estate agents go to great lengths to verify
the information they provide to potential buyers.
They check the registry office, verify the zoning
and take measurements of the space all for the
purpose of assisting their clients with the
decision-making process. This information, which
is often provided to the real estate agents from
third-party sources, should always be double-
checked. Even a slight variation in the square
footage can result in a space that is too small to
accommodate your business.

5. Visit the local planning office and confirm any
restrictions with the current zoning. This will
ensure that your plans for a property are
permitted by the municipality. For industrial
property, confirm the water and electrical
service. This should not be overlooked and often
requires outside professional advice that a
realtor may not be able to provide.

6. Commercial investors have the responsibility to
make an informed decision about a property
they are purchasing. By ensuring that all
information is accurate, they can protect
themselves against costly errors.

7. Randy Bett
www.BetterGroupRealEstate.ca