With finances planned out, it is now time to really start working on your new building – surveying the land is the next step. A surveyor is the professional that must be contacted next – the main task is to mark and document the location of legal property lines in order to prevent any legal disputes. Relevant data will be provided to the architects and engineers, for them to start doing their work.
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.