April 2017

Tips To Consider When Selling Your Commercial Premises.

If you are considering selling off your commercial premises, there are many important tips to consider to land yourself the ultimate deal. First of all don’t try to sell off your property in haste. Take ample time to land the perfect buyer with much favourable conditions. Consider the tips below for a profitable deal.

The Lease

When selling a premise that is on lease make sure that you are offering it to sale shortly after the lease agreement was renewed. Because most property investors believe that premises on long term lease contracts generate more long term income and are a steady source of income in the long run. So you’re more likely to land a better deal in this time period. Also make sure your lease agreement is on favourable terms to the owner(s) which would make the premise more buyable.

Advertise

Make sure to advertise your commercial property in the appropriate Medias and manners. A successful Ad campaign can drive up the value of your property inevitably. Make sure to hire a professional photographer to take the snaps as attractive as possible. Also make sure to get the estimate of your business premises value from professional business valuers to avoid any mishaps of being accused of trying to obtain an unreasonable price for the premise. Which may tarnish the business image as well.

Refurbish and Renovate

Beauty is the key. Even though the location holds the actual value of the premise. The outward structure and look of the property definitely adds to the value of the premises. Get an independent valuer here to assess the value of your business premise. Then check the cost of refurbishing and renovating the premises. If you can get a better profit margin after the restructuring then go ahead with the repair work if not leave it aside.

Superstitious Beliefs

Yes. As surprising as it sounds superstition prevails! When buying a commercial business premises most business owners don’t want to buy an office space that has a bad reputation for having businesses continuously close down. Most wonder if it would be them, next as the businesses locating there are bound to close down. So try to kill out any rumours circulating about your business premise. Make the records clean. You don’t want to underprice your business premise because of some stupid rumour.

Should You Digitise Your Fm?

 

As you should already know, efficient management of your business facilities is essential for the proper operation of any kind of business, be it a small company or a large corporation with branches everywhere in its country of origin or even overseas.

Outsourcing facilities management (or FM in short) is something that most businesses do on a regular basis due to the availability of a lot of companies providing FM services for decent rates. Businesses nowadays have also finally recognised the value of these services, and are starting to take more interest in finding the best possible facilities and companies in this sector, due to the inherent benefits they can bring, including respectable safety standards, increased security and a significant decrease in operating and management costs.

The newest trend in the sector of FM services is a move away from manual labour to a method involving the digitising of many activities. This process is similar to the transition from paperwork to computer technology that most businesses have undergone in the last decade or two, and it mainly involves the implementation of newer, computer-based technology to override older methods that require a lot of manual labour.

Manual labour has been found to hold back many business activities when it is implemented for less suitable activities, such as handling a large number of documents at the same time or doing calculations on a large scale. On the contrary, machines can help reduce the time required for this kind of work, greatly improving efficiency and working speed. This also applies to managing facilities, which is why digitising is something that is hard not to recommend nowadays.

A good example of a new technology that has greatly increased the efficiency of FM services is the implementation of BIM. BIM, which stands for Building Information Modelling, has helped immensely to deal with the management of buildings and business premises. BIM models used in managing facilities have all the required information about relevant buildings, including exact dimensions, the location of doors, air conditioning units and emergency exits, the materials used for its construction and even the costs related with replacing and moving parts. All of this information that can be gotten from just clicking on a 3D model would have taken a lot of time to gather if it was to be done using conventional means. Check this link https://www.cgsfm.com.au/ to find out the best management services.

In conclusion, we can definitely say that digitising FM services is a requirement for any business that wants to stay ahead of the curve by employing the latest tactics to increase overall productivity and to maintain a good image. Digitisation of FM services has only started to be implemented in most business fields, and you are definitely not too late to go for it.