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Badger Peabody & Smith Blog

July
5

New Hampshire Commercial Real Estate

Buying commercial real estate in New Hampshire is not like buying residential property. Before you buy any commercial real estate learn these important do's and don'ts.
  • Do follow a distinct, well-thought-out plan for your investments. This will help you find and assess the right buildings for your budget and objectives.
  • Be careful of straying from your plan without the input of your agent or advisor.
  • Do check the property values thoroughly and make sure your building is priced accordingly. Do the research to find ones that offer the best investment opportunity.
  • Don't make a decision without carefully analyzing everything. Buying the wrong property, or the right one at the wrong price, will only set you back, and tie up your investing funds. This prevents you from acting on better deals when they become available.
  • Do research rental rates in similar buildings. Misjudging your rental rates can lead to empty suites, or lost profits.
  • Don't forget to account for building maintenance as part of your expenses. Remember, the name of the game is NOI (net operating income). Your rental rates must cover repairs, taxes, and other expenses that crop up, like snow plowing. New Hampshire winters are fierce and snowy.

Follow these helpful do's and don'ts when you buy commercial real estate in New Hampshire, and your venture will be a success.

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