Should You Buy or Lease Your Office Space?
Posted by Infinity Admin on
If you’re a small or medium size business owner, you’ve probably asked yourself more than once whether it makes more sense to buy than lease. The answer is, it depends.
To help you decide what course of action is best for your company, consider the following:
Benefits of Buying
As a business, when you buy a property, there are several financial benefits:
- Monthly costs remain relatively steady since your mortgage payments are fixed
- Mortgage interest payments are tax deductible
- Like other capital expenses, you can ease your tax burden by depreciating the building
- You may be able to free up working capital if buying results in lower overall monthly costs
- If you have surplus space, you can use the additional rent revenue…
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