Commercial Property Preference Buying Vs Renting

1. Abacus Commercial Property Preference: Buying Vs Renting

2. Introduction A commercial space is of utmost importance for any business to expand it to its full potential. An office space offers the scope to establish an identity as well as set a culture. Both owning or renting a commercial property in New Town have their own set of benefits. In this PPT, we discuss them for you to make an informed decision. ● ● ● ●

3. 1 Advantages of Buying Control over the property Buying a property gives you the ultimate ownership. Having control over the property is essential, especially if you plan to make renovations to the infrastructure. This facility is solely available to commercial property owners. ● ● ●

4. Appreciation over time Purchasing a property is an investment, more than simply an expense. The appreciation in the value may be due to the infrastructural growth in the region, social and civic amenities. It is best to make a purchase as soon as the prices start soaring. ● ● ●

5. Saving rental money Although owning office spaces in New Town requires considerable funding initially. Companies spend a substantial amount of money on paying the rent for the commercial spaces. A one-time investment, purchasing a property makes sense when a business has enough capital to finance the property. ● ● ●

6. Can be a Source of Income When you are the property owner, you have the right to alter and use the property for any commercial usage. Leasing the commercial space to other businesses is a great way to leverage the space for an additional source of income. The loans you avail for the purchase of the property can be repaid using the money that you earn by renting the commercial space. ● ● ●

7. 2. Advantages of Renting Less Investment The scope to lease a property for commercial purposes is a boon to small business owners, or businesses. Leasing does not require investing a large amount of money as a down payment, unlike commercial property purchases. Even the two combined, the cost is much less to rent a property for commercial activities. ● ● ●

8. No Responsibility of Maintenance A commercial property in New Town or elsewhere comes under the responsibility of the owner to make renovations or maintenance work. Any repair or maintenance work at a rented space is carried out by the owners and hence the tenants do not have to invest more. It is, however, essential to have this clearly mentioned in the legal documents. ● ● ●

9. No Commitment to a Location For new businesses, the flexibility to experiment with different physical locations is essential. The businesses need to understand whether a particular location is working out. As a result, leasing allows peace of mind to business owners. ● ● ●

10. Leasing is an Easier Alternative At times, businesses may feel an urgent requirement of a commercial place to carry out their activities. Leasing is easier for companies rather than making a purchase. If your business is at a nascent stage, you should consider the leasing of a commercial property. Renting office spaces in New Town offers the opportunity to set up offices at locations. Abacus by PS Group offers world class office and showroom spaces in New Town. ● ● ● ● ●

11. Thank You