4 Tips for Leasing a Commercial Property
Whether a business is expanding or just starting out,
renting a commercial space is a huge step. Depending on the type of the
business, the location and traffic of the area can really affect its success. Business
owners should be sure the potential space has all the right features needed for
making the day-to-day operations of the company run smoothly. Before signing
their lease, they must also understand their lease agreement and be aware of what
other expenses they may incur. Here are some tips business owners should
consider when looking
for a commercial property for lease
Before signing a commercial lease, it’s important for
businesses to understand what fees they will incur in addition to monthly rent
payments. Is the tenant responsible for lawn maintenance, trash collection, snow
removal and repairs? Unlike with residential properties, these items are
typically up to the commercial tenant. Business owners should ask their
potential property owner what kinds of costs they will incur and also ask for
examples of these costs. Those who are
considering renting a shared space should ask how the maintenance, upkeep and
utility fees are measured. Calculate all of these costs and make sure the
property is something the business can afford.
Does the building come with a security system? Does it
have central air, an HVAC system, and pre-wiring for internet access? Make sure
the building has all of the essential features the business will need. For
buildings that are shared with other tenants, know whether any of the amenities
are shared, such as the restrooms. Companies that depend on foot traffic like
restaurants or retailers should be sure the building has enough parking spots
to serve its customers. To be sure there is adequate parking, ask the landlord
or real estate agent for traffic and parking counts.
Business owners should plan ahead with their new
commercial space. If the business has the potential to expand within the next
couple of years, see if it can grow at the new location. Commercial tenants may
want their space to be large enough should they need to hire more employees or
expand their services.
Business owners must decide if they want a short-term or
long-term lease. Most small businesses or businesses that are just starting out
will choose a one- to two-year lease with the option to renew. This allows them
to negotiate special terms. Regardless of the lease term, know whether the rent
will increase each year. Most importantly, business owners must be sure they
have read and clearly understand the lease agreement before signing it.
Are New Construction Townhomes Really Better?
Right now New Jersey’s housing market is really heating up. And with the
booming economy in New Jersey, more people are looking for the simple,
valuable, luxury solution: a NJ townhome that will make a great home today and
remain an in-demand property when you sell it.
That has, of course, led to a huge bloom in the development of new
construction townhomes in NJ. Many developers are advertising their new
construction townhomes as superior to existing homes as both a place to live
and as an investment. Are they right? Here are a few reasons why they just
- More space. The reality is that new construction townhomes in NJ tend to
be more spacious than older townhomes. This simply reflects the changing demand
from condo owners as well as the better deals that developers can get from
construction companies after the economic slump. If you want more space, new is
the way to go.
- Better design. Today’s townhome complexes have learned from yesterdays.
That means better outdoor spaces, more open layouts, sunnier spaces, and more
privacy from your neighbors both with better soundproofing and with more
enclosed landscaping around your yard or garden. New construction townhomes
just have smarter designs.
- Amenities that matter. Every condo complex is going to brag about its
amenities, but how many will you use? Fitness centers need to offer a wide
array of equipment to replace a gym membership, and condos with central
clubhouses tends to develop a better community of neighbors. Don’t just look at
amenities as a checklist of selling points, but as a guide to what your
experience as a resident will be like.
- Quality materials. This is a huge change in new construction townhomes in
NJ. The demand for quality construction is up—way up. Previously it was assumed
that drywall and beige carpeting would work everywhere. But today more
developers know that people value style, durability and design that won’t seem
outdated in 5 years.
- Availability. It may be obvious, but this is a selling point worth
mentioning. The reality is that new construction townhomes in
NJ offer much more availability in terms of price, location and
options than trying to find that rare older condo that really fits your dream.
New is just more accessible.
Of course, everybody has their own preferences for what they look for in
a townhome. What are you looking for? Do new construction townhomes in NJ or
older townhomes call to you more?
Labels: luxury townhomes in NJ, New construction townhomes, NJ apartments
5 Things Every NJ Condo Should Have
The condo market in NJ is hot right now and there’s a good reason so many people are seeking out new condos in NJ: better units, better RA’s and better benefits. But not every new condo is created equal. Here’s what to look for to make sure you get your money’s worth:
- Location. It may
seem cliché but location truly is everything. When you start looking at condos
you’re considering a long term investment. It has to not only look good but
also have lasting value. New condos in NJ are spread all over the place, from
key locations that will continue to be desirable to throwaway developments.
Look at what works for you in terms of career, culture and family and you’ll
find the locations with lasting value.
- Privacy. One thing
that many new condos in NJ are starting to concentrate on is privacy. True, a
condo is a community and whether it is apartment-style or townhomes, the units
will share walls. But for many years, condo developers made no effort to use
intelligent layout, quality building materials, or landscaping features to
provide noise reduction and privacy. Newer developments are starting to see the
light and it makes all the difference.
- Luxury. Now we’re
talking. A condo is not only a place to hang your hat; it should be a step
above other housing in the area. That’s because you are making an investment,
and luxury units keep their value and appreciate faster than regular condos—by
a long shot. If you’re considering new condos in NJ then focus on those with
the quality building materials and complete landscaping and interior features
to make your purchase worthwhile.
- Amenities. In new
condos in NJ, amenities consist of a lot more than just a fitness
center—although that’s a good start. Many condo developments today will offer a
club space where you can gather with friends and guests. Pools and saunas
remain popular, and more new condos in NJ are also offering outside fitness options
such as a landscaped walking/running trail as well. Sheltered parking, office
facilities and other perks also put a condo a step above the rest.
- Security. This is
where you can’t compromise. Not all new condos in NJ need to be
gated, but they do need to offer robust security solutions. That includes, at
a minimum, complete round the clock camera surveillance.
What are you looking for in new condos in NJ?
Labels: Apartment Hunting, New Jersey rentals, Tips
What NOT To Look For in NJ Townhomes
What does luxury mean to you? To some New Jersey property managers, it
means something different. There’s a wide variation in luxury townhomes in NJ
but some shouldn’t even be allowed to use the term. Here’s what to avoid if
you’re looking for a luxury townhome:
with your old dorm furniture. Didn’t you leave this stuff behind some time in
the early 2000’s? A lot of building managers try to get in on the corporate
housing market by throwing together a few furnished rooms in the cheap. We’re
sorry, but a Wal-Mart rug and a few garage sale couches are not the makings of
luxury townhomes in NJ. Of course, if you like
mismatched plates and one non-nonstick frying pan for all your cooking
needs, maybe this is the pad you’ve been looking for. Otherwise, keep
- Luxury as a
marketing buzzword. Sometimes actually creating a luxury townhome in NJ is too
much work or too much expense. I mean, think of the poor overworked building
manager. Wouldn’t it be easier just to say
it’s “luxury” and hope you find someone who doesn’t ask too many questions?
Unfortunately that’s what all too many townhome managers do. Here’s what we
recommend: look at some regular apartments in addition to luxury townhomes. If
you find a “luxury” unit that’s indistinguishable from a regular apartment
except for the price tag, keep walking.
that are tacked on. Have you ever been told that a complex has a gym, only to
find out that it’s two exercise bikes and a weight set in a closet somewhere?
We don’t like that either. Amenities are supposed to be there to make your life easier, more comfortable or
more convenient—not just to check a box on an online listing somewhere. Whether
it’s the gym, a pool, building-wide Wi-Fi or any other luxury, make sure that
it works and that it lives up 100% to your expectations.
Security. One thing that marks out the best luxury townhomes in NJ is robust
security systems. But to some building managers security seems to be an
afterthought. If a buzzer from the front lobby is the only thing keeping
unwanted guests out, then that’s not luxury. Look for a 24/7 premises-wide
camera system at a minimum. Some luxury townhomes in NJ even have security
guards on patrol around the clock.
What do you look for in luxury townhomes in NJ?
Labels: Apartment Hunting, luxury townhomes in NJ, New Jersey rentals