Perks of Owning Your Commercial Space

As a business owner, you want your venture to grow and prosper. A commercial space is a great place to start when it comes to opening or expanding a business. From the design of the space to a predictable payment, there are a number of perks that go hand-in-hand with owning your commercial building. As your Eldon, MO real estate agents, we can help you find the ideal space for your business. Whether you need a warehouse type building or an office space for your venture, Devine & Associates would be honored to be a part of your purchase! Take a look below to see just a few of the reasons why owning a commercial building is better than renting.

Fixed Payment

Unlike renting, when you own your commercial space you know exactly what your payment is going to be every month. Rent typically goes up over time and you can be stuck essentially paying someone else's payment. As the owner of the property, you are in control of the cost and know upfront what your monthly payment is going to be until the space is sold or paid off.

Plant Your Roots

It's important for customers to be able to easily find your building. If you are in the same location, your clients will be able to find your space over and over. If you rent, you are more likely to move around more often, leading to customer confusion. A customer may even give up trying to find your new space and go with a competitor of yours.

Control Over Design

If you own the space, you have complete control over what can happen in the building. Whether you want to expand your current building or paint the office space a new color, you can do just that. All decisions can be made by you and you won't have to get approval from a landlord like you would if you rent.

Tax Break

Proper depreciation and mortgage interest payments can usually be deducted from your business taxes. This can help to reduce your tax liability. Any repairs or maintenance costs can typically be written off come tax time. Take advantage of any tax breaks as a business owner by buying your own commercial space.

Investment Opportunity

Over time, you may decide to move to a new space. Whether you need more room for your expanding business or like the location of another property better, you can use the money from your current investment to help purchase your next. The goal is that over time your property will appreciate and be worth more as the years pass. This gives you the opportunity to make money with a real estate investment.

Now that you've seen some of the reasons why owning your business space has its perks, you're ready to start your search. Contact your trusted real estate agents in Eldon, MO to start your commercial building search. When it comes to buying a commercial building near Eldon, MO, we are your experts! Whether you have your eye on a specific building or are just starting to look, we can help you find the perfect space for your business!

Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                             (573) 392-9900
203 E. 10th St., Eldon, MO 65026
(573) 207-8407
213 N. Main St., Laurie, MO 65037
Follow Us On...


Popular posts from this blog

Featured Property - Hurricane Dolly's Restaurant and Bar

Staging Your Home for a Summer Sale: Indoors

Unexpected Expenses to Prepare for When Buying for the First Time