5 things to consider before buying an office
What would you want to know and inspect before you buy an office space? Remember, buying an office space means a huge investment so please be steady and decide well.
Government Assistance: You can pay a significantly lower down payment for commercial real estate under the Small Business Administration plan from Indian government if you are a small business owner. Most borrowers need to pay 10% of the total amount while banks cover 50% and SBA covers the remaining 40%.
Consider financial limits: once you buy a place, you can decorate it to fit your need and that can mean tax benefits for small business owners. However, all this will come slowly and only after you invest a fair amount of capital. If you are on a tight budget, you might consider renting the place for a while before buying it.
Size matters: When it comes to buying commercial space, size does matter. Once you grow bigger than your owned place can accommodate, it will be a difficult problem to solve. You should have a strong and accurate foresight before you invest in an office space.
Special Zones: You might have special requirements for your business and some things are just banned by law. For example, you cannot open an office in a residential area. So, enquire if the area is right for your business.
Resale value: sooner or later, you will have to sell the office for a better office. Prepare for the legal issues you might face.
Considering all, our new project, Indoworld Emporis Tower in Sec 140 Noida, can be your ideal destination Presented by Indoworld Noida. When you consider the above points, we have covered each of these points in our project. There are special zones for IT companies, resale value in Noida is very high, there are different sizes of offices available and we will help you in every way in getting the finance.
