Answering the Key Business Real Estate Question: Buy or Lease?
When it comes to real estate, finding an ideal business location is often complicated by the question of whether to buy or lease commercial space. What are the short- and long-term costs with each option? And when is it necessary to seek out the services of a financial advisor? If you’re at the point of contemplating this critically important question, take a look at the benefits and shortcomings of each choice.
- Rent and rental expenses are tax-deductible, as are lease payments.
- When buying, you may have the option to add to cash flow through leasing or subletting.
- Consulting with a financial advisor can help you sort out what’s best for your business.