Taking your business to the next level by finding its own space is something that could prove to be costly as this means you need more money available to lease each month or to purchase it outright.
However, purchasing still has other costs to consider that may deter some folks. Thus before deciding which route is best for you and your business, weigh your options and see what will be more beneficial in the long run.
Leasing your commercial property
Leasing is some business men and women’s option when they do not have the funds to purchase the premises they wish to operate their business from. However, if you don’t have a commercial consultant to guide you through the process, you may incur much more costs than you anticipated.
The leasing contract may contain terminology that you may not be familiar with and this is where your broker will step in with their expert advice. Professional commercial property consultants also have years of experience dealing with different landlords.
However, while leasing may seem an affordable option, it does not give you the ability to own your own commercial property as you would if you’d bought it instead.
Purchasing your commercial property
Purchasing your commercial property is a major step to really making your business your own. With a wholly owned building you’re able to create a tailor made space that perfectly suits your business operations and by purchasing the commercial estate, it creates more security.
It is your investment and years from purchasing it you may even be able to enjoy favorable income if you decide to lease the premises at a later stage.
If you’ve made up your mind to lease or purchase your commercial estate then feel free to call Jack Britvan (SIOR) and let his professional team guide you.