Why should I own an Office Space?
- Owning a REAL ASSET that you can bank on for the long term.
- Tax benefits
- Community Association
- Generational Asset Accumulation
- Retirement Planning
If you’ve ever considered owning a home, owning an office condominium is very similar. It is a real estate investment. Not just tax benefits, but there are various advantages of owning real estate in general and office spaces in particular. You can lease your property to any business or sell when you need capital. You can customize your space to meet your needs, thereby tailoring the office to your specific needs. Owning versus leasing shields you from frequent lease rate increases and puts you in control of your monthly payment obligations, with a fixed rate long term mortgage.
The choice is between throwing away lease payment dollars versus accumulating principal, not to mention the pride of ownership. This also shows your clients/customers, the stability they’d like to see in a service provider.
Integrand Developers offer well designed, efficient, well designed, flexible offices that are suitable for various uses and users. For instance, engineers, accountants, attorneys, health care services providers, medical and research services, real estate professionals, medical professionals, insurance agencies,
Owning a REAL ASSET that you can bank on for the long term: As mentioned above, the pride of ownership, the equity build, shield from rising lease rates, customizability are a few things that make owning a lot more sensible than renting/leasing. Anyone that is working from home or has a business that is still operating from a garage, would find an office condominium as an ideal option for a professional space close to home.
Tax benefits: Depreciation, Real Estate taxes, mortgage interest and property improvement can provide some serious tax benefits for any business owner. Given the affordable costs of owning an office condominium, it makes the most sense to use this as an avenue to accumulate an asset that doesn’t not need a significant upfront investment.
Community Association: Being part of a community while buying a home brings some advantages like shared amenities, great neighbors and help when needed, company for kids and such. Being in an office condominium community comes with similar advantages, like shared amenities, shared maintenance costs, professional setting, synergies from other businesses in the office park, shared maintenance expenses for external walls, roof and landscaping.
Generational Asset Accumulation: Whether you get to a point in your life/business where you are ready to pass on the business to the next generation or considering selling the business, a business with a real estate portfolio is a lot more attractive that one without. A physical asset always goes a long way in adding value to your service based or professional services business during valuations.
Retirement Planning: As a small business owner, you typically do not have a retirement plan provided by an major employer to rescue you during your older years. So, having some equity built into your office condominium, while you work hard building your business could come to your rescue.