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From Home Office to Commercial Real Estate: Tips for the Big Move Home / From Home Office to Commercial Real Estate: Tips for the Big Move


From Home Office to Commercial Real Estate: Tips for the Big Move
  • 15 -Jul

From Home Office to Commercial Real Estate: Tips for the Big Move

You’ve finally made it, and now you’re ready to move up the ladder, venture out into the real world of business. Your home-based office in Perth served you well in the past, but now that you have realised the need to expand, your converted space may no longer prove practical. You will soon need to move out of your home and identify commercial real estate that will serve as your official base of operations in Perth. That might prove easier said than done, however, so to help you with the big move, here are a few tips to consider.

Lease or Buy?
You can either lease commercial property or buy it. Both options have certain benefits for specific needs. Before you consider your next move, however, you need to put things in perspective. A lease allows you to occupy a place for years and leave all aspects of property management to the landlord; think of it as apartment living, only for a business. On the other hand, when you buy the property, you become fully responsible for it. Whichever one you choose, take a long, hard look at your finances and your specific business needs.
New Digs, New Place
Start-ups do so much better in a place where their chosen industry thrives. That is what you might want to consider, particularly if your current location is a long way away from bustling major cities. Since you’re getting a new place anyway, why not move to a new place altogether? Before you even attempt the move, do some research on the prospective area so that when you finally settle in, you already have an idea of how to navigate the place.
Plan Way Ahead
A smart business professional has eyes fixed on the future. Where do you see your business in ten years’ time? You no doubt want to see your venture succeed, yet with success often comes a greater need for expansion and improvement. A smart business owner, therefore, stays grounded and keeps an eye on priorities. Planning is all well and good, but make sure you don’t lose sight of your current goals. Slow but certain progress is better than risking the entire future of your business.
When it comes to commercial real estate, you need to align yourself with the most trusted names in the field. Before you make any decision, find a reputable real commercial property company like Brett Halvorson & Associates in Perth to help you with the process.

 

Sources:

9 things to consider before moving your home office to a commercial space, www.realcommercial.com.au

Moving on up – and out, www.SmartUpSmart.com.au