Buy Or Rent Your Commercial Property?

The decision to buy or lease commercial property is a giant step forward for the growing business. To keep the profits in the company pockets, it’s important to know when to expand and how much to invest in your commercial property space. Businesses that over project there income may face rack and ruin with a hefty commercial mortgage, and those who do not expand quickly enough have lost an opportunity.

Leasing a commercial office space is perhaps the safest measure for companies that need to test their longevity and growing power, thus keeping the commercial office or warehouse at the appropriate size for their operational needs. Renting, rather than purchasing, also allows for a quick change of location, downsizing, and sets the business owner free of maintenance worries and property repairs.

Owning your own piece of commercial property has a long -term financial return with it, if you are able to sell when market prices are high. Meanwhile, take your tax deductions and enjoy the freedom to rent out any unused spaces for additional monthly income.

Whether you elect to rent or own your commercial property, be sure that the location is appropriate for your business. Do you deal directly with the public and need street visibility and parking, or are you a business that can manage tucked away in a business park? Is the piece of commercial property accessible from both sides of the highway, or is nothing as relevant as the price? Buying or renting your office space should never be a snap decision that will keep you in bondage with a lease or twenty year mortgage. Take your time, evaluate all the pros and cons, and wait until you find the perfect match. If the commercial property you signed for does not meet your expectations, a rental situation can be fullfilled in less than two years giving the business profits a fresh start in a new location.