Locating Miami Real Estate’s Hidden Potential
However, doors and locks on fences can cost more to set up and install. This is especially the case if you plan on getting something that can only be handled with a key or an electronic code system.
Be sure your inspector specializes in what you want him to do. In this case, make sure they specialize in residential / home inspections (instead of commercial property inspections).
Anyone can report on what is happening today or yesterday in any market. That’s poor journalism which fuels greed and fear and causes markets to boom and bust.
Loan to values, as in the difference between what a property is worth vs. what is owed, is another key ratio to reduce risk for banks. The normal high side for the typical owner occupied property, such as office, industrial or retail, is 75%/80% on a refinance. This is being dropped pretty much across the board to a max of 70%. Special purpose properties, such as, restaurants, automotive, hotels, daycares, etc are taking the brunt of it, as many lenders will not lend beyond 60% loan to value. Many lender have simple stopped lending on these properties all together.
These points can be treated in a different order and added to his case, subject to potential customers, their property, and the activity of the compound.
Raise your retails – Do some comparison shopping and raise your prices. You’re in business to make money. Provide good service and customers will pay a little more.
Inventory – At any given time at least 20% of a retailer’s inventory can be deemed dead or obsolete. These products are eating up space that could be occupied by more profitable products. Turn these items into cash. Have a side walk sale to clear out these items and use the cash to reinvest in more profit producing endeavors.