๐๏ธ What to Look for in a Commercial Plot vs Built Property
Last Update 7 months ago
Choosing between a commercial plot and a built property depends on your investment goals.
Commercial Plot: What to Check
- Zoning Approval: Ensure it's officially designated for commercial use (C-1, C-2, etc.).
- Plot Accessibility: Is it easily reachable by road? Are utilities available?
- Size and Frontage: Wider front plots have better visibility and resale potential.
- Future Development Plans: Look into area master plans to see what’s coming nearby (e.g. malls, highways).
Built Property: What to Check
- Construction Quality: Inspect the structure, flooring, electrical, and plumbing systems.
- Rental History: Ask for current leases or occupancy status—this helps evaluate ROI.
- Maintenance Costs: Older buildings may require repairs and higher upkeep.
- Design Layout: Open floor plans are usually more flexible and attractive to tenants.
If you want faster income with less hassle, go with a built property. For long-term capital appreciation, a plot can be ideal.