Renting vs. Buying Office Space

1
Renting vs. Buying Office Space One of the
biggest dilemmas of a new venture is setting up
the office should I consider office for rent in
Canton, GA, or should I buy. The answer varies
depending upon the individuals needs, but some
highlights will help you in the decision-making
process.

• Pros of renting the office
• Minimal Investment
• Running a business is anyways expensive you
  must think of places where you can cut the cost.
• For example, if you rent the office, then the
  collective rent amount for six months will be
  lesser than the down payment of the same office.
  Thus renting an office is cost-effective.
• Lesser responsibility

2
The significant advantage of renting the office
is that you will be only responsible for keeping
the space clean tidy. The maintenance,
repairing the damage such as water leakage,
structural defects etc., will be the owners
responsibility, so one less thing to stress.
Meanwhile, you utilize that time and energy in
growing the business.

• Flexible for relocation
• The relocation is essential, especially for
  growing companies as they understand their
  market and the people looking to test before
  business expansion. So, renting an office comes
  in handy in both cases.
• Access to high-quality land
• There are usually few buyers for high-class
  properties, and the only way to utilize the
  high-end land is by giving it to rent. It has
  become easy for the new ventures to access prime
  locations for their businesses, leaving a mirage
  for the buyer.

3

• Pros of buying the office
• One-time investment
• Real estate is considered a one-time investment
  for taking future loans or securing life. But
  what is the use of that investment that you
  invest your whole life savings on that still
  not happy?
• Renovation or remodel
• Since youre the place owner, now you have full
  access to modify it according to your use.
• The more you spend, the more lavish property you
  build.
• However, the property has one of the highest
  depreciation rates, so you will be not making a
  profit once you sell it.
• So, which is better?
• So, if you look overall if you just started, then
  the office for rent is a good choice due to
  earlier reasons. In addition, if your business is
  vast and planning to expand it more in different
  cities or across the nation, renting an office
  is a smart move. So, anyways, an office for rent
  will be an intelligent decision.
• To Know More Visit www.professionalofficesuitesll
  c.com