Location of the real estate

The place where particular property is located directly affects the income from it. ⠀

The location of a property is an important factor affecting its attractiveness to potential tenants. When analyzing the options for using a property, it is necessary to consider and take into account the negative factors accompanying each option. Particular attention is paid to the social, demographic and economic factors of the location area, while it is necessary to analyze exactly what impact these factors have on the property.

To consider: ⠀

- condition and development of infrastructure - objects of industry, education, culture, social security, service sector ⠀

- development of construction ⠀

- classification of the area by location - area of ​​historical buildings, residential, commercial, industrial and communal, recreational, agricultural areas ⠀

- ecological situation ⠀

- the state of the district and its significance on the scale of the district, city ⠀

- nearby buildings and landscape ⠀

- transport and road network ⠀

- information about the social status up to the political predilections of the population ⠀

To put it simply, when assessing the value of commercial real estate, an adjustment should be made for the following factors: ⠀

- The prestige of the area. It is a social factor characterized by the presence of famous users or objects of historical importance, the presence of architectural monuments. ⠀

- The distance at which the area is located from the center, in which all business-type activity takes place. That is, remoteness from shopping, financial and warehouse complexes. ⠀

- Accessibility of a non-residential facility in transport and pedestrian terms, that is, its proximity to the main transport routes, parking lots and stops. ⠀

- A qualitative indicator of the immediate environment. It includes the type of development, features of the building of the architectural type, proximity to recreational areas.