buldingvsleasing

The Benefit of Building Your Own Office Instead of Leasing

If you are a business owner and looking to move to a new office, one major question you might have is whether to buy a space and build an office, or lease an existing space. There are certainly advantages and disadvantages to both, but now is the time to buy instead of lease. The Hardy Group has years of experience building commercial properties, and we know that often the benefits of owning your own space outweigh the drawbacks in the long run.

Be Your Own Landlord
Dealing with a landlord can be a pain. If your office encounters a problem (plumbing, electrical, etc.) you will have to go through your landlord in order to fix it. This is sometimes stressful because not all landlords will handle situations responsibly. If you own your own space, you can solve problems on your own time, and if something needs to be fixed, you can ensure that it gets done when you need it done.

Customize Your Workspace
If you decide to build your own office, you can have control over how the space looks and functions. You have to ability to create a truly unique workspace that looks just the way you want it to. Additionally, you’ll have peace-of-mind knowing that you can stay in your location for however long you want.

Financial Benefits
When you build your own space, you will build equity over time. Eventually, you will be able to use this equity as collateral to expand your business, fix property issues, or even fund your retirement. You will also have tax benefits, and take in annual depreciation deductions on your property. It is important to choose a contractor that will give you affordable prices as well. The Hardy Group will provide a thorough assessment and always give a fair estimate based on your needs.

Take Advantage of the Market
Right now, the cost to acquire real estate is at a historical low. It is a buyer’s market today, and it won’t be that way for long. Take advantage of the market before it has a chance to rebound. Plus, your monthly costs will remain steady if you own the property, so you won’t have to worry about random increases during your loan period.

If you are thinking about making the move to a new office, consider building one instead of leasing. While it is a major endeavor, you can have total control over your place of business and have the ability to really make it your own. Of course, it is unwise to consider building if you don’t have a reliable contractor you trust. The Hardy Group has been providing expert design and construction services in Northeast Florida for over 30 years. They have the knowledge and expertise to build your dream workplace. Contact the Hardy Group at (904) 471-5800 or contact us to get in touch today.