Post about "Property"

Key Points to Property Performance

When first looking at a commercial investment property, there are some key points that stand well above everything else when it comes to a basic property performance assessment. These can be used in getting an immediate feel for what the property can do or how it functions. At a later stage you can then move to a more detailed assessment if the overall property is attractive to your plans of listing, buying, or renting.

Consider these as the primary points of property assessment:

Lettable Space Supply and Demand: Where does the commercial investment property sit in the known factors of space supply locally? You need to know if it is competing with its lettable space or if it is struggling. If the property is older then it will be less attractive to occupants than the new developments in the local area; in the medium term this will impact on rents and tenants will move to a newer property when the time is right for them. This means that close monitoring of newer developments being constructed in your area is a wise move. Refurbishment is a worthwhile element of planning if your property is becoming older. The return on the cost of the refurbishment is however a consideration that needs to be balanced. Interestingly many developers and inexperienced landlords will overestimate the potential rent from the refurbishment to justify it, and then get stuck with a problem of letting the space at the higher rentals. Be careful on this point.

Regional and Local Location Factors: Does the property give good exposure and access from the road and transport network? Retail and commercial property is high ranking on location scale. When first assessing a property I have found that walking around the neighbourhood area and the property boundary will give you a good feel for the finer points of location. I would be looking at the fall of the property levels and the visual impact that the property provides. If signage is used on the property, just how visible is it and how well is it maintained.

Layout and Design of the Property: Is the property user friendly and attractive? Both the tenants and the customers to a property must feel that the property serves them well. They like to visit a property that is welcoming and easy to get around. To assess this, you can visit a property on different days and at different times just to see how many people move through the property and where they go. Retail and office property is more important in this regard. The property will have an ‘ant track’ where people move and congregate.

Property Amenities and Services: Are you providing everything that a modern business or property needs? Tenants and customers today are very sensitive to the quality and availability of property amenities and services. With retail properties particularly it pays to talk to the customers visiting the property to see what impressions they have of the amenities and services that they use. Any weaknesses should be addressed quickly.

Car Parking: Are customers and tenants well served with respect to the parking of vehicles? Car parking is many things including convenience, safety, lighting, design, and flow through of vehicles, signage, and available parks. If the car parking plan works then the visitors to the property will be satisfied at the basic level of property usage. Do however look beyond the property to ascertain how transport and roads feed the property and the car park. You can have the best car park locally, but if it is hard to use or get to then the matter is self defeating.

Tenant and Landlord Covenants: Are the leases and tenant profiles strong? Given that an investment property is supported by cash flow, it is the leases for the tenants that give the property a future; vacancy is not a desirable option unless you want to do a new development. The particular details of a lease should be reviewed before any judgement is reached on price, rent, or property suitability. Seeking a legal counsel on the lease is very useful to interpret many of the lease elements that are more complex. What you are looking for is anything that could lessen or destabilise occupancy.

Can You Afford That Car – Check Using An Auto Finance Calculator

Even before you actually start searching for the car of your dreams the first thing you should be checking out is whether you are actually able to afford the repayments on it. The easiest way of finding out just how much you can borrow in order to buy a car is by using an auto finance calculator.

Along with calculating out how much the sum you want to borrow is going to cost you each month. These calculators can also be used to evaluate whether leasing rather than purchasing a vehicle outright may be a better choice. Finally these tools will also prevent you from being faced with some costs that you were not expecting in the future.

There are several different websites to be found on the internet which not only provide you with the tools to calculate out just how much the loan will cost you. But will also try to help you in finding the right deal and therefore arrange for you to pay the lowest rate of interest on your loan possible. But in order for them to provide you with the payment details you will first need to fill out their form by providing them with some of the following data.

1. The first thing that they will ask for on the form that you are required to fill in order to do the calculation is the cost of the vehicle you wish to purchase. You need to include all the costs for any optional extras along with any tax that you may be required to pay. If you are not sure what this total figure is going to be it would be wise to ask the dealer where you want to purchase the vehicle from to provide you the total sales cost one.

2. Now you have to fill in the loan term box. This is the section where you need to decide just how long you want to take the loan out for. In most cases loans for vehicles can be for a term of between 1 and 5 years. However if you are looking for a way to save on the interest payments you make on the loan it is best to go for a much shorter loan term.

3. Next if you are able to put a figure in the column which is marked deposit. This is the sum of cash that you have available yourself and are able to use as a down payment on the vehicle. Not only does this help to reduce the sum of money that you will need to borrow, but it will certainly provide more of an incentive to the lender to let you borrow it. Also when it comes to your monthly payments to repay the loan having paid a deposit you will actually reduce these.

4. For those of you who are going to be using their current vehicle as the down payment on the new one then you need to include the sum which this vehicle is worth and which will be used as your deposit. The dealer who you are getting your new vehicle through will already have quoted you a figure for the this and this is the one you will need to put into the calculator form. This figure will then be subtracted from the overall loan value and the monthly payments can then be adjusted by the loan calculator to reflect this.

After all the relevant information has been keyed in to you need to just wait until the calculator has done its work. Generally you can expect to receive a result back in a matter of minutes. What you will normally be provided with is a figure for the monthly repayments you will be expected to make against the sum you are wanting to borrow.