 | Define and understand your office space needs. Make sure the decision to buy a building fits in with your business plan.
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| Allow flexibility for growth or
contraction of your office.
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| Evaluate the opportunity as an investment as well as how the property fits your needs. Do a lease vs. buy analysis as a part of your financial analysis.
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| Know the market and your alternatives.
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| Do space planning and costing prior to removing conditions to purchase.
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| Evaluate your opportunity costs. Is the investment return comparable to the additional return you could get from investing the money in your business?
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| Compare value with a build to suit option. How much more would it cost to build your own building if this option is feasible.
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| Have an exit strategy. Know how you will divest yourself should the need arise.
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| Obtain the services of a professional representative to avoid costly mistakes. They do this for a living and can help make sure your
decisions are sound.
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| Location, Location, Location is an important key for appreciation and resale. |
