Is it better to buy or rent the property for your business?
When you decide to open a business, the need arises for a special space to dedicate to your work.
But is it better to look for a property to buy or to rent? Let’s see the advantages and disadvantages of each option.
First of all, let’s clarify two terms that are often used as synonyms, but are not: commercial property and commercial premises:
the commercial property is a structure built specifically to house a commercial activity of any type, consequently it can be distinguished by a production area, a space to be dedicated to offices, interiors to be used as a warehouse; the classic example of commercial property is the industrial shed Center City, Philadelphia properties for sale.
the commercial space is a room (which can be a room, an apartment, etc.) which is part of a building in which other non-commercial properties are also located; is the place indicated if you want to open a shop, a private studio, a bar, a restaurant, etc.
Especially if you are looking for a commercial place you have to consider various factors before choosing. Your fund must be located in a place conducive to trade, in sight, with traffic, possibly on a main road close to other shops, schools, offices, public transport or parking lots. Also take into account the size , which must be suitable for the type of activity you are going to undertake. But, even before all this, direct your search by choosing between a property to rent or to buy.
Buy the property for your business.
Having your own place in which to devote yourself to your work is a great satisfaction and certainly in our country it is a very convenient time to buy, because on average purchase prices tend to decrease both in the residential and commercial real estate sectors, as there has not yet been the recovery in real estate values that was expected for 2018. But buying a property is a great commitment, especially if you resort to a mortgage that will bind you for several years.
To make sure your purchase is the right decision:
you must be sure that you do not want to change the location of your business for a long time, therefore buy only if the area and the characteristics of the property seem suitable to you.