Purchasing undeveloped land for a commercial project can be an exciting endeavor, but it is important to be aware of potential complications that may arise. With proper due diligence and planning, you can avoid or resolve many common issues. There are a few key things...
Real Estate & Development
Purchasing a second-hand home? Watch out for lead-based paint
When purchasing a second-hand home, one must be aware of the potential risks associated with lead-based paint. Lead-based paint was commonly used in homes built before 1978, and it can pose serious health risks, especially to children and pregnant women. As a...
How water rights affect commercial real estate transactions
In Arizona's arid landscapes, water is not just a commodity. It is a crucial factor that influences the dynamics of commercial real estate. A property with secure and ample water rights may command a higher value due to the assurance of a sustainable water supply....
Mistakes to avoid when negotiating a commercial lease
If you’re looking for a commercial space to lease for your business, then you need to make sure it suits your needs. That sounds easy to do, but there are a handful of pitfalls along the way. If you don’t steer clear of them, then they could leave you stuck with a...
Tradespeople are more at risk when health codes are violated
The construction industry involves intricate networks of activities wherein tradespeople are often the cornerstone. They wire the electricity, lay the pipes and build the framework. They turn the plans into real structures that define our communities. Yet,...
Negotiating a fair purchase price for an undeveloped plot
Unlike developed properties, the value of undeveloped land largely hinges on its potential. Since this potential is still waiting to be discovered, negotiating for undeveloped land offers more flexibility in price discussions. Sellers may be motivated to make a deal,...
Lien deadlines and the impact of cessation of labor
One crucial factor to consider in any construction budget is the interruption of labor. In Arizona, if work on a project stops and there is a continuous pause in labor for a period of 60 days, it triggers the commencement of your lien deadline. This means you will...
Can you encourage compliance from construction subcontractors?
With the competitive nature of the construction industry, one might think it would not be too difficult to secure a good subcontractor. However, you often must weed out a lot of not-so-good options before you find one that works. Not providing clear expectations and...
How can you finance commercial real estate?
Buying commercial property is a great investment, but most buyers require financing to complete the purchase. Fortunately, there are a range of commercial property loans that can help you achieve your dream of becoming a successful property owner. However, you must...
Dealing with title issues when buying commercial real estate
Buying commercial real estate in Arizona can be a smart business move. You can see a high return on your investment if you know what to look out for. It can be rewarding to get the title to a property, which signifies your legal ownership. Sometimes, a title may come...