To Buy Office Space or Not
Our customers often ask us for suggestion, should they buy an office space or lease it? There is no objective answer to this question. There are, obviously, pros and cons of both buying and leasing an office floor.
Fixed cost: You know the exact amount you need to pay and this amount cannot be changed. This helps you to know how much money you should have and can help you to plan in the long term as the property will be forever yours.
Tax Deduction: The associated cost of owning an office space can give you deductions in loan repayment, income tax returns, property taxes and others.
Extra Income: If you are not using the whole of your office, then you can easily rent the extra space out so that you can earn extra.
Retirement: The value of your property will grow up and never down. Emporis Commercial Project Noida Sector-140 is one of our projects and we expect the yearly appreciation for this property to be approximately 30%. Considering this, one can even plan to sell the office while retiring and get a huge amount as retirement fund.
No flexibility: Once you buy the property, it is very difficult to move to another location. Your business might grow in a completely new direction.
Direct cost: buying commercial space in Noida is an expensive affair. You need to shell out that amount from your pocket.
