According to a Redfin study, about 25% of homebuyers are looking to move out of major metropolitan areas. As more people move to the outskirts of metropolitan areas, it makes sense for small businesses to follow suit.

Are you among those business owners looking for a cheaper, less crowded place to do business? If you want your business to grow in its new location, it's best to fine-tune your real estate shopping strategy.

These are real estate buying mistakes to avoid.

1. Disclosing How Much You Like a Property

Avoid falling in love with a particular property above all others. You should be especially wary of telling the seller or landlord how you feel.

If they know you're emotionally attached to the property, it's easier for them to drive a hard bargain.

Likewise, don't gush about a property you've found until you've secured the real estate deal. You could bring the property to the attention of another prospective buyer who makes a better offer.

2. Not Following Pricing Trends

If you don't know about property values and rent trends, you'll never know if you're getting a good deal on a property. Comparing commercial property costs in the area is one way to determine if you're getting a fair deal.

Be sure to compare all the pros and cons. A higher price might come with extras, like lower property taxes, or cost-saving features, such as solar power.

Taking time to learn more about property values and rent prices always brings long-term rewards.

3. Neglecting to Calculate Operating Expenses

Indeed, it takes money to make money, but you must ensure the cost of running your business from a particular building will bring a profit.

Exorbitant operating expenses such as high utility and transport costs could seriously hamper your business's growth.

4. Short-Sighted Real Estate Buying Mistakes

Any expensive real estate investment requires long-term thinking. Look for commercial property types that allow for future growth and expansion.

On the other hand, don't buy a building that's too big, hoping to rent out the extra space to cover your operating costs. Unless you have experience as a landlord, this is a risky plan.

5. Choosing the Wrong Location

Always try to go where your customers are.

For instance, it's best to consider veterinary real estate in places where most people have pets, like the suburbs. If you're running an office supply business, it makes sense to set up a shop in a commercial area.

6. Not Getting Expert Help

Always work with an experienced broker and real estate lawyer when buying commercial property. These professionals can help you avoid the pitfalls mentioned above and many more.

Keep Tabs on Changing Trends

One of the real estate buying mistakes mentioned above focuses on pricing trends, but you should also keep track of other real estate issues when searching for a property.

Things like migration patterns, inventory levels, and home-buying activity can provide valuable insights into your customers' behavior as well as the future value of your property.

Browse our blog for extra insights into human behavior and what it could mean for your business.