Getting a loan can be quite an intimidating task, especially when it comes to commercial construction. The expected time frame speaks for itself – anywhere from two months to a year, as opposed to 2-3 weeks for residential loans. What else would you have to consider when venturing out into this type of real estate?
The very first step to take before building your new commercial project – and even before getting the permit – is to find out what your land is zoned for. If you haven’t made your purchase yet, it would be a great idea to check that first, before buying, to determine whether the building you envision can be built.
If you did choose a headache-free route of going about your construction, then there are two options to explore, depending on the extent of involvement you are ready to commit to. For commercial buildings, VArchitect offers you two packages.
So you have a piece of land and you are ready to build your new commercial project.. Not so fast! There is a series of steps to take before any construction can begin. Even before you can get your hands on a building permit – which will allow you to start building – there is zoning, financing, surveying, architectural and engineering work to deal with.
“How can I achieve a successful, profitable commercial project?” If you are a landowner or a commercial owner, you might have asked yourself this question many times. It doesn’t have to be an unattainable dream. We’ve provided many such a project in Toronto and its Greater Area.