Buying Office Space V/S Leasing Office Space

Buying Office Space V/S Leasing Office Space

Most small business owners, as well as independent business owners, are often in dilemma whether they should buy or rent office space. If this is the situation, then you must consider the factors involved in such an activity. Owning a property is an investment that is regarded as long-term. Owners must put on their thinking caps as it requires them to take into account the cash flow as well as future expenses. Therefore, you must make a wise choice.

Leasing an Office Space

Leasing must be seen as a short-term investment. It requires you to pay the rent of the first and last month’s rest. If you wish to buy your office in an area that is posh and sophisticated, nothing is more suitable than this option. Moving in does not take up the time, although it puts less constraint on the business which is expanding. When a furnished office space is rented, you do not have to concern yourself of procuring office equipment or for the matter for security, allowing you time to devote to work.

You must have a mindset preparing yourself to deal with the factor that costs can vary. It all depends on the market rates as they dictate what rent you must pay over the period. Adding to that, the landlord may put a limit to expansion or modification of his space as it is not one company that he is providing this service to.

Buying an Office Space:

The factor that gives impetus to buying an office space is that it provides the owner with a secure and permanent place for his business. This eradicates his concern of where to move out every time as the contract of the lease ends. Such an option is also suitable when you have a solid capital to support you in this venture. But if you choose to remain in the location and have bought an entire building for yourself, renting out to other companies will only add to your income. As having full control of the property, it is your decision to design your office space as owning an office is similar to owning a home.

An office or a home is a medium of expression of the thought processes of the individual who is emotionally attached to this property as he may have dreams that he wishes to make a reality. Therefore, such activity allows keeping costs fixed as well as providing equity. The benefits of owing will only increase property value.

The owners have to bear the responsibility of maintaining and repairing, but a huge concern of the owner is when he is unable to bear the expenses and is compelled to sell. When cash flow is a major factor, it takes up a while to sell the property, not dismissing the fact that cash outlay plays a major role. With such choices put in your platter, the choices should not be much difficult to make.

May you want to lease, buy or rent an office space in Bangalore we Empire Estates can help you best because we have commercial office spaces available at prime locations to buy, lease or rent, interested people can contact us to own, lease or rent an office space.