Tips and Guidelines to Convert a Residential Property into an Office Space
Finding an office space for rent in Salt Lake Kolkata is just as difficult as it is to find a needle in a haystack. But along with a lot of 1BHK flats for rent in Salt Lake, Kolkata there is various other residential properties that have come up for purchase as well as for rent. Recently there has been a lot of development taking place in this part of the city. Though it is still a tedious task to find an office space for rent, the 1 BHK flats for rent in Salt Lake, Kolkata have come to the rescue. Small businesses are looking forward to the people who have 1BHK flats for renting in Salt Lake, Kolkata to acquire them and turn into offices.
Finding an office space for rent in Salt Lake is very difficult. It is equally difficult to find a flat for sale in Salt Lake, for office use. Be it renting or finding a flat for sale in Salt Lake, both require lot of looking around and finding the right property. Salt Lake is the area that is most commonly known as the new Kolkata. This is also the area where most of the development is happening in terms of infrastructure and human resources. Most of the infrastructure being developed in the region is considered as residential property. But there still are quite a few companies that are setting up their offices in the region.
The difficulty that a few companies and small businesses are facing is that most of the area in this part of Kolkata is occupied by residents. Some of the residents have just bought plots of land because of which it turns into a residential plot. which making it unfit for commercial use. Another reason because of which commercial space for rent in Salt Lake is difficult to acquire is that the charges to be paid by businesses is comparatively high. When compared to the price being paid for acquiring a residential plot. Though this does not mean that it is impossible to get a rented office space in Salt Lake. If you are well to do and can pay for the charges, have the patience to go through the process step by step, and if you are ready to give it as much time as it needs, then there are flats in Salt Lake that are available to be bought and converted for commercial use.
A few tips to rent flats in Salt Lake City Kolkata
Here are a few tips that can be followed to acquire a residential property to use as an office space in Salt Lake Kolkata:
Background check: Once you've decided onto a flat which is for sale or a flat for rent in Salt Lake, then you need to check it properly. If the flat has any prior records in terms of major repairs or if the property has been used for any criminal conduct.
Proper preparation: When you're going to a seller who has a residential plot, you need to make sure that you have a cause for which they should be ready to sell their asset to you. Next thing you need to keep in mind is the fact that, no seller will be ready to sell his or her asset without a profit. So if the seller has bought the property for a particular amount, you cannot expect them to sell it to you in the same price.
Proper documentation: Once you've bought the residential property from the seller, you need to make sure that you get all the documents transferred on to your name. Then you need to apply for a conversion of the property type from residential to commercial. After this, the property becomes marked for commercial use.
Setting up: Once the flat is acquired and all the legal proceedings are completed, you need to make it look like an office. The build of the flat that you have bought will be more towards residential. You need to decide as to what all is to be done, to make it look like an office. Not like a place where someone once used to stay.
Guideline to purchase flats in Salt Lake City, Kolkata
Pricing: Once you have finalized a flat, do not just blindly go and pay whatever amount the seller is asking from you, try finding out the rates of a similar flat in the locality and try bargaining with the seller as per your budget. If their seller budges, great if not you need to decide if you can stretch your budget a little.
Clearing previous dues: Before you make the final payment for the property, you should be sure that there are no legal obligations in the name of the property, and that there are no dues in favor of the flat. This will make sure that you don't have to pay extra money later on.
Making sure of the construction: When you first reach the property, there are chances that you'll be looking at it perfectly, but that doesn't mean that there are no flaws in the property. So it is very important that you check the property thoroughly so that you don't end up spending more on maintenance than on the rent or the amount of sale.
So these were the tips that should be kept in mind while buying a residential property. So you can convert it to an office space or a commercial space. Also the above-mentioned guidelines are like the do’s while buying a property or converting a property. Apart from the above-mentioned points, one major thing to be kept in mind is that the seller isn't a fraud and is selling you the property on genuine terms.