Shopping for a new office building is like shopping for other commercial properties. You take on the role and responsibility of the landlord after you buy, giving you full control of your business premises. Finding and buying the correct property to suit your business needs is a tricky prospect when you don’t have experience. We consulted with industry experts in office property to devise this list of tips to help you select and buy the best office property for you.
Top Tips for Selecting and Buying the Best Office for Your Business
Buying property in New Jersey is not an easy task. You need to consider many factors before buying a property. Thankfully, many real estate agencies, such as the Blau & Berg Company in New Jersey, are here to help. The professional real estate agents suggested the following tips for buying an office property that suits your budget and business needs.
Shop for a New Office by Space
The first choice in offices is not as obvious as it seems. You can shop for an office based on the size of the building and the amount of space that you will need. However, you might also consider shopping for an office building with extra space. An extra floor or a few rooms for hire might mean you make back some of your mortgage in rent. You are acting as the landlord anyway. Think big and help yourself pay the bills.
Find a Trusted Agent
When shopping for any property, you need a real estate agent that you trust. Search online for reviews or go by word of mouth. Buying commercial property in New Jersey is far easier when you have an agent who can answer your questions and who you trust to find useful properties on your behalf.
Choose a New Office by Location
Shopping for a location close to your old office might be wise to help clients find you. On the other hand, moving your whole operation to a bigger city might lead to national brand recognition and better sales. Do your research on all locations before you settle on the best option for you. Would the additional costs of operating in a city offset the additional income from new clients? Also, consider the locations within the city which you can afford on your budget. There are areas in any city where it would be best to run a business and areas where it would not.
Shop for Office Space Based on First Impressions
Another fantastic way to find the right office space for your building is to imagine yourself as a customer upon approaching the property. What is your first impression? Are you over or underwhelmed? Are you happy with the façade, or does it put you off? How many flights of stairs are there, do the lifts work, and will customers be willing to take the trip high up a building to see you? What about the waiting space?
Further Tips on Selecting a Great Office Space
Make sure you think about the facilities and amenities you will need before you choose your new office space. Calculate your finances before you move, too. Think about the cost of your mortgage payments and how that factors into your choice of space. If you can do all these things while you shop for an office space that suits you, then you are sure to make a wise investment.
