Stop Renting and Get Your Own Business Premises

Most businesses begin their lives with modest ambitions. Just making it through the first year can be deemed a success! However, if you get to the point where you know that things are going well, then it’s a good idea to look at stepping things up a little. And one way to do that is to look at getting your own business premises, rather than renting. In doing so, you won’t just have a chance to really cement your business as legitimate, but you’ll also be investing your money in a responsible way — it’s much better to own a building rather than pay rent. In this blog, we’ll look at some useful tips that you’ll want to keep in mind. 

Where Will It Be?

It’s not just the shape and size of your building that counts. The location does, too. If you’re building a new construction, then you may be somewhat limited with options — you’ll need to look somewhere where it’s easy to get a building permit, for instance. If you’re buying an existing building, then you’ll be limited only to what buildings are for sale and your budget. If you have options, try to find somewhere that is easily accessible.

Buying vs Building

You’ll have to decide between buying and building. In most cases, building is better, as this gives you more control over the final space. To do this, you’ll need to get in touch with an architect, a commercial wall systems fabricator, and a construction company. There’s usually a lot to be done between the initial idea and having the final building, but it’s usually worth it. If you’re buying, then it’s best to get in touch with a commercial real estate agent. They’ll have experience of the market and will help you to get the best deal. 

Making it Yours 

One of the primary advantages of getting your own business premises is that it gives you an opportunity to put your stamp on it. And by that, we mean branding. You should have already figured out your branding — indeed, it’s probably responsible, in part, for your success — so it’ll just be a matter of incorporating it into your decor selection. It’s usually a good idea to work with a trained commercial interior designer so you get a look that’s very much in line with what you want your company to express. 

Staff Input

If you’ve already got a large business, then you’ll likely have a lot of staff. There can be a lot of value in getting their input when you’re thinking about getting your own work premises, at least from the more senior members of the team. After all, they’re the ones who will be working there! In doing so, you’ll be able to get some feedback on what your team likes, doesn’t like, and wants to see. The end result will be a working premise that benefits everyone, and with that, you’ll likely see an uptick in productivity and staff happiness once you finally move in.