Locating Commercial Property
It doesn't matter if you're starting a new business, needing to change locations or simply needing more space, at Greater R.I. Properties, LLC, my purpose is to help you find the perfect commercial space for you. When buying commercial property, here are a few things to keep in mind:
- Additional income. Commercial properties are also called "Income" properties. Rent the extra space in your building to other tenants for a profit.
- Retirement fund. Think appreciation! As you acquire equity, it will help fund your retirement.
- Fixed costs. Locking in your mortgage rate will keep you from being subject market variations, like if you'd leased.
- Tax deductions. Business expenses are an additional source of income at the end of the year, and purchasing a commercial property is a large deduction.
- Autonomy. When you own your property, you have control over your own renovations, without clearing anything through a property manager.
The items listed above are just starting points when considering making an investment in office space. We'll also need to dive into specifics such as: What kind of break area do your employees need? Do you need a warehouse? What ceiling height you require? What kind and size of conference rooms would work best? Or, perhaps you only need one small office with a lobby? By combining salient details about your business with my expert knowledge of the local market, you'll gain maximum benefit from your commercial real estate investment. Call 401-932-9005 for a consultation today.