7 reasons why DIY property can be expensive

New Zealand is a nation of DIYers with a Number 8 wire mentality.  If something goes wrong, Kiwis generally look for a way to fix things themselves rather than pay for expert advice.

So why should you use a Property Advisor?

Simple… you don’t want just any deal. You want the best possible commercial property deal for your lease or purchase transaction.

But unless you are negotiating a lease deal every week, the playing field is levelled against you.

Finding the perfect commercial space to lease is a daunting task, and that’s before you even get started negotiating the terms and conditions of the lease agreement.

This is where a property advisor saves you time, saves you stress… and saves you money.

In this article, we will outline seven reasons why you should use a property advisor to negotiate your commercial lease. In other words, why you should avoid DIY, and its risk of becoming BIY (Botch It Yourself).

1. Expertise and Knowledge

Property Advisors have extensive experience in the industry and a deep understanding of the commercial leasing process. A good Advisor has the skills to navigate past the hidden rocks, and ensure you land the best possible lease terms and conditions.

2. Time Savings

Negotiating a commercial lease can be the black hole of time management. It requires research, analysis, and scrupulous attention to detail. And that’s just part of the Property Advisor’s job. For you, however, it would be a significant drain on your resources… particularly if you are a small business owner with limited time and other work you should be doing (like, running your business).

3. Better Lease Terms

You can’t negotiate the best lease terms available, if you don’t have current and incisive information on hand regarding the environment… unless lease negotiating is something you do every day. Property Advisors have a deep understanding of the commercial leasing market and know what terms and conditions are trending for your industry. Let them hammer the numbers for you.

4. Avoiding Pitfalls

Commercial leases are complex legal documents, and it can be easy to overlook important details that can have significant consequences down the line. Are you sure you would recognise them for what they are, even if you notice them? And a Property Advisor can help you negotiate clauses that protect your interests, not only in the entry into the lease, but throughout the entire lease life cycle.

5. Mitigating Risk

Unexpected costs, hidden fees, disguised unfavourable lease terms…  Commercial leases come with risks, and it is the Property Advisor who can identify and mitigate them. They can also make sure you negotiate clauses that protect your interests, such as caps on rent reviews or renewal options.

6. Cost-effectiveness

Using a good Property Advisor will be seriously cost-effective in the long run. Better lease terms running over the full life of the lease will result in the equivalent of major passive income (as these saving drop to your bottom line improving your profitability).

Negotiating a lease yourself may seem “free” up until you sign…  but then there is all the wasted money either left on the table, or quietly leaking from your account month after month.

7. Peace of Mind

Perhaps the most significant benefit of using a Property Advisor is the peace of mind that comes with knowing that your lease agreement has been negotiated by an expert. You can rest assured that the lease terms and conditions are in your best interest and that you have done everything possible to protect your business.

In summary, negotiating a commercial lease is always a complex and time-consuming process, and it is essential to your business that you get it right. A Property Advisor helps you navigate the complexities of commercial leasing, negotiates the best possible lease terms, avoids pitfalls, mitigates risks, saves you money, and gives you peace of mind.

A Property Advisor works for you – not the process, and definitely not the person on the other side of the table. They are firmly in your corner, keeping you informed every step of the way. You still the final say in any negotiation – but you are now well-informed, and can trust that your Property advisor is looking out for your best interests.