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Advantages to Ownership

Similar to the decision on whether to purchase or rent your home, owning your office space can offer many advantages. 

 GET SOME CONTROL OVER YOUR OPERATING EXPENSES   We’re fortunate to live and work in one of the most dynamic real estate markets in the country.  The only downside to this market is that rental rates seem to go up and up. Owning your own office space protects you from rent increases, and based on current financing options, your mortgage payment could be less per month than leasing.

 INVESTMENT   This is not just an investment in your business; it’s a real estate investment that has the potential to increase in value over time. While appreciation is certainly not guaranteed, real estate has historically proven to be a very solid investment.  In addition, the principal portion of your mortgage payment acts like a savings account, steadily building up equity in your asset over time.  Furthermore, many owners allow themselves room for future business expansion by purchasing more space than they currently need, then lease out the excess space to create an additional income stream. 

 TAX ADVANTAGES  Mortgage interest, property taxes and depreciation can provide some significant tax advantages for a property owner.  Please consult with your tax advisor for details on how these advantages will affect your specific situation

 RETIREMENT PLANNING  Years of making lease payments have likely left you feeling somewhat emptyhanded.  You’ve got a good solid business and make your payments on time but have nothing to show for it.  By becoming your own landlord, you will finally reap the benefits of all those payments. When you retire or sell your business, in addition to the going concern value of your company, you will have a real estate asset that you can sell or lease as well.

 PRIDE OF OWNERSHIP  Owning your own office offers stability and prestige to your business and projects a successful image to your clients.

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