There are many factors every small business owner needs to consider when getting ready to make the decision whether to buy or rent a business facility.
Once a business owner determines his or her facility needs and searches for and locates the right facility, it’s time for another decision regarding the business property: Do you buy or rent the property?
Here are some considerations from luminablog.co.uk to help you understand what you’re getting into with each option.
It’s not always easy to decide whether to rent or purchase business premises. Your budget will determine whether you are able to afford to purchase business premises. However, the type and size of your business will also play a role in deciding to rent or buy. Consider your business needs before making a purchase.
In the case of buying, you take a mortgage from the bank to purchase …