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Building Your Dream Home – Part 2
Razing the Cottage
With new house plans and permits in hand, subcontractors hired and a Septic Design in process, it was now time to raze the existing cottage. I considered employing the local fire department to burn it down, however I chose...
Home Improvment Ideas
There are many home improvement projects that you can carry out to make your home a more comfortable space and to add to its value as property. These home improvement projects include remodeling the basement, kitchen, and bathrooms, and painting...
How to Select Exterior Shutters
Installing exterior shutters is a relatively quick way to add style and color to the outside of a house. Historical and modern houses alike benefit from the timeless style of shutters. As with any home improvements, the quality and longevity of...
The Carpet That Needs to Be Replaced!
Carpet doesn’t last forever. In fact, if the quality isn’t very good, carpet doesn’t last long. Carpet cleaning may help to some degree, but other times, a new carpet is the only choice. A surprise may be found underneath! Perhaps even hard...
Zebra Print Rug!
Looking for a zebra print rug? Are you thinking of purchasing a zebra skin rug? If you are, then you should consider several things. First, consider the size and color patterns you want. Consider the room it is going in and the price you want to...
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Commercial Real Estate Definitions – From O To Z
Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from O to Z.
Commercial Terms
Operating Expenses: Just as it sounds, operating expenses are those costs associated with operating a commercial property. Contract and state law typically govern the exact nature of the operating expenses.
Partition Wall: A wall built in the internal area of a suite to divide the general space. For instance, offices built during a tenant improvement project with have partition walls separating them.
Punch List: A punch list runs part and parcel with a walk through of completed construction work. The construction company and client will walk through the area and complete a punch list of items that need to be fixed or modified. .
Shell Space: The interior of a commercial building that has been completed, but does not yet have any tenant build outs. The shell space generally refers to this gross square footage regardless of whether tenant improvements have occurred or not.
Substantial Completion: Notice given by a
contractor to the client indicating the property has been completed to the point where a walk through and punch list review are appropriate.
Usable Square Feet: The square feet in a building, suite, warehouse and so on that can actually be used by tenants. Due to building regulations and design issues, certain amounts of a space in a tenant suite may not be usable and such footage is excluded from this calculation
Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you’re well on your way to moving smoothly through the process.
About the Author: Dan Lewis is a mortgage broker with http://www.gwhomeloans.com - San Diego mortgage brokers providing home loans and refinances. Visit http://gwhomeloans.com/services.html to learn more about options for San Diego mortgages.
Source: www.isnare.com
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