Denver area real estate investors who hope to purchase commercial real estate may want to look at the different options available to them. In fact, there are a lot of different kinds of commercial real estate that you might want to invest in depending on your interests, experience and what's available for purchase in the area you're focusing on.
Google recently paid an estimated $131 million to acquire property that will become its new Boulder campus. The technology giant purchased the property from Forum Real Estate Group. Google says that the purchase demonstrates its commitment to the city of Boulder. According to the company's lead representative in Boulder, Google values the talent base in Boulder, the community and the quality of life.
Are you thinking to invest in real estate property for the first time? Maybe you've owned your home for many years, but now you're thinking of investing in commercial or residential property for purely investment purposes. If this sounds like you, there are three categories of risk you'll want to know about when it comes to real estate investment:
One of the first decisions you'll want to make before you even start looking for a second home is how much of a fixer upper are you looking to buy. Many savvy investors enjoy picking up homes that can easily have sweat equity built in them. However, if you purchase a home that has too many flaws, then you may cut into your budget and the turnaround time that you intend to be able to flip or rent it within.
When builders are creating a new-construction residence, they often sign contracts ahead of time with prospective buyers. However, these contracts are not always for the benefit of the buyer. They're usually drafted for the benefit of the builder. You'll therefore want to avoid agreeing to an in-house builder agreement at all cost. Instead, you may want to create your own home purchase contract.