Commercial real estate portfolios can hold and gain value for years to come if managed correctly, which is why it’s so important to understand how to properly diversify and leverage assets. To make sure investments are maximized for the best ROI, it’s a great idea to call an expert. That’s why consulting with a commercial real estate advisor can be critical, even if it’s just to bounce ideas around.
Real Estate Advisors vs. Real Estate Agents
A real estate agent can help you buy and sell property, but they are typically only focused on closing the transaction and moving on to the next one. Conversely, a real estate advisor does much more. In a nutshell, real estate advisors can evaluate real estate, assess short and long-term goals, and provide options for the best use of properties. A real estate advisor is a strategist who uses their extensive knowledge in real estate and finance to help increase the value of their clients’ assets. A commercial real estate advisor is someone who can take their years of experience in real estate and create actionable insights tailored to specific portfolios to help them thrive.
What Can a Commercial Real Estate Advisor do for me?
In a broad sense, a commercial real estate advisor will help their clients strategize to make the best returns on their current or prospective assets. Here is a small sampling of the kind of advice one can expect from a competent advisor:
- Assess costs for income-generating property relating to feasibility and renovation
- Offer guidance in the development, remodeling, or repurposing of commercial property
- Provide insight on land use, zoning, or other legal stipulations that could impede or enhance a property’s value
- Give direction on proper property management practices
- And so much more!
Finding Your Commercial Real Estate Advisor
When it comes to real estate advising, you want a firm that has experience and knowledge. The Houlihan Family has been in the real estate business in the NY Metro region since 1883. Houlihan & O’Malley is an esteemed firm with extensive experience in the areas of commercial brokerage, commercial mortgage, commercial appraisal, and advisory services. If you are looking for a trustworthy commercial real estate advisor, contact the Houlihan & O’Malley team today.