Confused about buying or renting an office for your business? The article will guide you with every step and help you decide the best for you. It is important to note that each decision will affect your business cost. Whether you buy an office or get it on rent, both are dependent on your firm costs. But when it comes down to the main question, people might get puzzled. Both of these have their boons and banes. Hence, before picking up an option, do a considerable amount of research. That will help you choose the right office for sale singapore for your business. The article provides a comprehensive guide along with each choice’s pros and cons. Have a look.
Leasing: Pros And Cons
Any office for sale might be a little pricey. Hence, small businesses should lease an office. It would provide you with options for expanding your business as well. The second reason might be interesting as it would allow you to get an office on lease in prestigious locations. For instance, in prime locations, offices for sale may not be available but on rent. However, it offers no equity, and the increment in annual rent payment might increase, which is an absolute drawback of leasing.
Buying: Pros And Cons
It would be best if you bought the office once. It might add up to your business cost as well. However, if you wish, you will give some part of your office on a lease. Buying a property would be a long-term investment and could be used as collateral too. For example, when taking business loans, you would use your office space as collateral. The space laid out for rent will provide you with a passive income as well. So, why not go for it? However, there might be a misusage of profits and funds dedicated to the office. Before you buy a building in Singapore, keep in mind that REIT owns such buildings. Hence, you are left with little choices altogether.
Overall, if you are looking for an office for sale Singapore, have a thorough research before picking up an option.