Showing posts with label Commercial property. Show all posts
Showing posts with label Commercial property. Show all posts

Thursday, March 28, 2024

6 Ways to Save Money on Commercial Glass Replacement

The glossy facade of your commercial property is more than a superficial adornment; it's an essential part of your business's first impression, safety, and energy efficiency. 

However, when a crack sprawls across this transparent symbol of your success, it can spell outsize costs in materials, labor, and lost business due to downtime. 

Here, we'll disclose six astute methods for commercial glass replacement that won't just restore your structure's luster but also preserve your operating budget.

Leverage Bulk Purchasing Power

When one pane shatters, it can be an economic headache; when several need replacement, it outright aches the finances. Cohesive procurement strategies are more vital than a mere savings strategy – they become a solid business decision.

For commercial facilities, glass replacement isn't often a 'one-and-done' affair. Engage with suppliers on their tiered pricing structures for volume orders; the more you buy, the less you pay per unit. 

Furthermore, securing maintenance contracts with a stipulated number of replacements ensures better rates that anticipate the volume of your needs. 

Negotiate proactively and lock-in those lower prices for the long term - it provides stability and predictability for your finances.

Consult on Custom Orders Wisely

Commercial glass replacement for your property's window is not just another opening; it's a custom fit, specific to your structure's aesthetic and spatial dimensions. This bespoke nature doesn't have to equate to exorbitant prices.

Custom doesn't always mean more expensive – if you consult at the right time with a professional who understands your property's needs, it can save you from costly measurement errors that lead to rework. Always insist on a detailed, itemized quote so you can see precisely what you're paying for. 

This clarity also prevents 'overbuilding' – purchasing thicker or more embellished glass than necessary – and the invoice trickling in higher as a result.

Timing Is Key

A cracked window won't exempt you from the cost of operation, but strategic timing in its replacement can shave off the expenses in crucial ways. 

Planning for commercial glass repair in tandem with other seasonal maintenance can minimize the labor costs associated with dismantling and reassembling components around the window.

Furthermore, leveraging slower business periods prevents the added cost of rushing orders or overtime. Coordinating with professional service teams at less-busy times can secure commitment to your project without financial 'rush taxes'. 

Just by synchronizing the work with times that won't disrupt your business peak hours, you are already saving considerable operational costs.

Energy-Efficient Doesn't Have to Mean Exorbitant

Green initiatives and energy efficiency aren't just buzzwords; they're bottom-line benefits for your company in cost-saving terms. 

When it comes to choosing replacement glass, opt for energy-efficient options that can qualify for tax credits and utility rebates, cushioning the initial investment.

Low-E (low-emissivity) glass, for instance, minimizes the UV penetration that heats your premises, thereby lessening the load on your HVAC system. 

Investing upfront in these modern, efficient materials pays off with myriad savings in your monthly energy bills, making it a far-sighted financial decision to balance against replacement costs.

Understand Insurance Claim Dynamics

Navigating the labyrinth of insurance policies can be daunting, but it's often the most overlooked source of glass replacement savings. Take the time to understand your coverage and the specifics that relate to glass-related claims.

Some policies might surprise you with how comprehensive they are, while others may require you to take precautions to avoid higher premiums in the event of a claim. 

Breakdown the excesses and deductibles and compare them against the outright replacement cost – sometimes, filing a claim doesn't make financial sense. 

Always maintain an honest dialogue with your insurer and ensure you're not missing out on rightful compensation for your damaged glass.

You're Not Alone - Seek Rebate and Grant Assistance

Government agencies and utility companies are increasingly incentivizing the upgrade to energy-efficient buildings through rebates and grants. 

Don't miss out on what can often amount to sizable reimbursements for your investments in modernizing your glazing systems.

From local to state and federal levels, there are often programs in place to ease the transition to more sustainable building materials, including glass. 

Research the opportunities that might be available to commercial properties and factor these anticipated reimbursements into your replacement budget. It's surprising how they can help you save if you pre-plan and apply for such initiatives accordingly.

Final Thoughts

The fiscally prudent commercial property owner knows that a shattered window doesn't have to mean fractured finances. 

By exercising due diligence in procurement, timing, understanding claim dynamics, and financing, you're not just replacing glass; you're reclaiming control over your budget and business sustainability. 

These strategies spotlight the potential for considerable savings, ensuring that even through the clearest of panes, you're seeing the most cost-effective solutions for your commercial glass replacements.

Tuesday, January 21, 2014

Should you invest in real estate this 2014?

Clague Garden Estate in Tsuen Wan
When it comes to the real estate market, it is a known fact that the year 2013 was an extremely disappointing one. The performance by this sector did nothing to build up spirits of people investing in real estate and only really dampened them. Be it any sector, residential or commercial and even properties for retail purposes, there was absolutely no silver lining whatsoever. 

However, a new year has begun and investors are hopeful that the situation may take a different route and this year would be favourable for investing in real estate and buy flats Andheri. Ideally, experts are of the opinion that the latter half of 2014 will be a more beneficial period when it comes to investing in real estate. 

This is mainly due to the fact that the general elections will have been conducted and the situation may get more under control, thus helping the real estate sector in the bargain. Given below are some pieces of information offered by professionals and experts belonging to real estate so as to guide you in terms of real estate investment.

1.) Investing in commercial property:

When it comes to the commercial real estate sector, it is a known fact that 2013 was the most unfortunate year for this sector as it suffered most among its residential and retail counterparts. The owners of this real estate had to essentially suspend the activities wherein they were to lease the property simply because the market was way too uncertain and there was an obvious hurdle of the sales suddenly slowing down to a halt. 

To put it simply, the earnings made by a person as an individual and that by the entire corporate sector are essentially the deciding factors this year. Besides, the numbers of banks that wish to begin offering their services also affect the rate of commercial properties.

In 2014, the experts predict a growth in the supply rate and therefore, the rate of vacancy that was quite low in the past year is likely to increase this 2014 and therefore, the future of commercial real estate in 2014 looks bright, considering the fact that there are tax breaks being permitted by the Government when it comes to real estate investment trusts. 

2.) Investing in residential real estate:

In the beginning of the year 2013, the major metropolitan cities like Mumbai and Delhi NCR as also Pune suffered immensely when it came to real estate. The macroeconomy in 2013 was highly disappointing and the effect was visible on the residential real estate sector. 

The rupee continued to disappoint with a below average rate and there was no rise in the income level whatsoever, not to mention the fact that inflation was at an all time high. Therefore, individuals had to think twice before investing in real estate and they let the economic conditions take the better of them.

The general elections are likely to be the main reason why individuals would refrain from buying residential real estate or investing in the same in the first half of the New Year, 2014. While the prices of residential real estate are estimated to increase, the completion of the general election is likely to see a few individuals beginning to invest, following which a handful of other individuals are likely to follow suit. 

There are several residential real estate buildings that have merely been built but since the interest rates are quite high in first 6 months of 2014, they are likely to see the light of the day in the second half when the interest rates will dwindle. Therefore, if you wish to buy flats Andheri this 2014, you must consider waiting it out for the initial 6 months.

Author’s bio:

Margaret Clint is a real estate analyst and has been in this profession for over 12 years. She is known to offer advice when individuals wish to buy flats Andheri. She has a professional background in marketing management and worked as a real estate agent in the initial years of her career.

Friday, December 13, 2013

Investing in Property: An Alternative Pension Plan

Pensions have taken a lot of hits over the last few years. There are problems with people not saving enough and people not receiving the amount they believed they paid in. On top of this there have been government cut backs, banks facing various crises and a global recession. Naturally this means that people have been looking at alternative ways to invest their money – the most popular of these is investing in property, here’s why:

They’re not making any more land

Land itself is a very valuable commodity, and ownership of even a development plot will give you strong financial standing. If you have property on the land then the value of the area can drastically increase. When you’re looking to invest in land you need to plan for the future, working out areas that are going to be popular in years to come. There are a couple of things that you will want to think about:

  • Renting – this will provide you with a steady monthly income that you can put towards your cost of living. Make sure that you set the rent high enough to cover the cost of the mortgage as well as home insurance, and gives you a bit of cash to still play with. 
  • Development – one of the fastest ways to build up a strong pension fund would be investing and developing property, as this can give you tens of thousands of pounds profit. It’s also something that you can continue into retirement, using your free time to further increase your savings. 
  • Commercial property – you don’t have to be a business to obtain commercial mortgages, you can buy shops and rent them out to other companies. This tends to be a very profitable investment, as businesses will often pay over the odds to get a premium location.

Pay into your savings

If you’re looking at investing in property as an alternative to paying into a pension, then the main goal should be boosting your savings rather than generating an income. Make sure that you are putting the income from your property into a savings account to give you a greater sum to dip into when you’re older. One mistake people often make is that they don’t build up enough funds through investing, generally using the extra income instead of putting it aside.

Renting or selling

One of the best ways to use property investment for a pension fund is to buy and rent it out until the mortgage is paid off. After the mortgage is paid off almost all the rent you will receive will be profit – this can drastically boost your savings account. When you do plan on retiring, you may either wish to continue renting the property or you could put it up for sale. The main differences are:
  • Renting would provide you with a set amount of cash every month, however you will have to deal with any issues the tenants may have. If the building is in need of many repairs this could end up costing you a small fortune. 
  • Selling gives you a large sum of money to help make retired life more comfortable for you. You will need to budget around the amount of cash you received from the sale, although you don’t need to worry about any major costs of repair etc. 
If you’re thinking about setting up an investment property instead of taking out a pension then it’s worth finding out what residential and commercial mortgages are available to you. Now is the time to buy, as both house prices and interest rates are low – giving you the best chance to be in profit as quickly as possible.

Pure Commercial Finance are experts in commercial finance and they pride themselves on excellent customer service. They secure the best deals possible for their clients – whether they are looking for a commercial mortgage, bridging finance, development finance or invoice factoring.

Wednesday, February 27, 2013

The Booming Commercial Sector of the Estate World

English: Commercial property in Carnotstr., Be...
English: Commercial property in Carnotstr., Berlin. Deutsch: Gewerbeimmobilie der DB Immobilien GmbH in der Carnotstra├če 4-6, Berlin. (Photo credit: Wikipedia)
We are all aware of the power that the estate world holds on the global economy. Spanning through the world are its creations of multiplexes, shopping malls that sweep through acres of land and buildings and offices that put the best of the natural wonders to shame. The estate world has bestowed upon man the right to create man made wonders from the ores of iron and steel.  It has shaped the way the world looks and how each piece of construction speaks out its own story. The estate market is also essentially responsible for the allocation of the growing populace on the planet, for the dispensing of the work population into new work areas and for the impressive grandeur that it has added to everyday living.

From our history we can study the way we have evolved in putting across homes and centres of refuge. The estate sector has changed the whole phenomenon of living by introducing new modes and lifestyles. It has made possible the infusion of luxury in everyday homing and has brought together the elements of comfort and class that seek to make a house something close to a site of art. It has fuelled the global economy by its boost and is solely responsible for the spread of industrialization to otherwise rural areas. It is also responsible for getting underdeveloped countries a strong economic backbone in the global financial scenario by being their star asset.

The current baby of the estate market is the branch of commercial property. In developing nations like India and China and other nations in Asia, industrialization is picking up speed. It is spreading its roots further in these places and they have come to be the biggest investment sites for residential and commercial property. The reason being, that some of the top industrial names want to set up their base in these nations since these places are the future of industrialization and capitalization marking them as the most lucrative sites for investment in property.   These nations are budding industrial spots where the power of urbanization is just starting to appear and this is where the future expansion of the estate sector lies.

Also, these developing countries boast of many multinational firms and businesses that require commercial space to set up and grow their trade. As a result there has been a rave of upcoming commercial property ranges in the major business capitals of these nations, some of the namely, Mumbai (office buildings in BKC, the town’s new industrial centre), Shanghai, Guangzhou, etc. These nations now cater to a work culture very different from the traditional 9 to 5 work hours one. These multinationals collaborate with local firms within the country to provide an international base for trade across the nation and thus enhances the overall growth of business within the country. These firms require work spaces that cater to the changing work culture and are a part of the growing industrial realm throughout the world. They are built with the top most of technology along with the floor space wide enough for the employees to roam about and think and to exchange ideas and thoughts.

Since it is now a collective work culture and no longer an individualistic one, the properties in construction are spaces that try and accommodate the changing demands of the industrial market. The estate world is constantly on the go to incorporate the changing trends and expressions of the human life that surrounds it and to produce and sell properties that cater to every taste and need.

Bio: Sumer Lobo is a real estate property dealer and he deals with commercial properties all around India and the Indian subcontinent. He wishes to expand his vision to the residential section of the property market as well. He thinks that the upcoming range of office buildings in BKC, Mumbai are the best sites for commercial property investment. Also he writes for

Wednesday, January 16, 2013

Your Business Needs to Have a Home

English: Reading International Business Park. ...
(Photo credit: Wikipedia)
Walk through the city everyday as you view a countless examples of architectural and artistic constructions. Rich, historic, heritage buildings have becomes sites of government business and offices. Mixing tradition and timeless beauty to house some of the country’s most important delegates and promote the most essential businesses, these heritage buildings and offices, two in one somehow stand in contrast to those high towers of steel that define multinational BPOs and media companies. These structures are witnesses to some of the more developed modes of the economy consisting of the growing and changing face of the capital industry. Humbly standing next to these will be composite structures of residency marking a blend of domesticity and industrialization that form most of the definition of global culture today. All these are nothing more than reflections of the infrastructural base created for a developing global economy. 

The real estate sector is the whiz of this century’s capitalist mode. It is that branch of the financial global tree which mixes technology with infrastructure. It is also one of the off shoots of a growing world where space and time are constantly being defined and redefined. From basic industrial land requirements to larger aspects like accommodating the growing work population, the real estate biz is under constant pressure to fulfill these ever growing demands. Arising out of the need to have the best business minds flourish, one of the biggest contributions of the real estate market has been that of expanding work zones and understanding the changing work cultures and their multitudes that coexist side by side.

The work culture has now become more aligned to the collective mode rather than an individualistic one. Initially in any company the hierarchies of employment focused more on the individual employee and his growth. But now the whole perspective has molded into focusing on the overall growth of the business itself thereby, continuing to make the employee a highlight in the company’s progress but at the same time dealing with the larger aspect of the company’s general boom. This then has redefined the work culture as one of co-working. Co-working demands the work space to be a site of constant exchange of thoughts and ideas which not only promote the business of that particular company further but also molds its employees to give in their ultimate output related to efficiency.

For such a work culture the real estate market has come up with the concept of a unified workspace, wherein technology couples in with utility and purposes, making the work experience a package of individual and collective business growth. High-tech, well defined offices are no longer only fragments of dreams. They are very coherent realities in our world today. The estate market has changed the fate of a work zone from being one of boredom and monotony to one of art and repertoire. (For example, the upcoming property of office buildings in BKC, Mumbai). It has been successful in enabling zones of perfect work harmony wherein all the aspects of business come in together to collaborate and emphasize economical and financial growth.

The estate world has molded the work experience of businesses to bring out the best of commercialization. It has linked various national economies to form a web of economic impetus to the global economy at large. It brings forth the very concept of merging individual elements to come forth together to compose a complete picture of the urbanized facet of the global industrial sector. Providing the very essential base of infrastructure to assimilate other varied aspects of business together, the real estate sector has been successful in creating a perfect atmosphere for the growth of business and capital globally.

Bio: Lionel resides in India and is a graphic designer and a part time writer of . He is intrigued by post modern art and literature and seeks to define his designs with abstract patterns. He is also a lover of animals and loves to cook pasta.

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