Why Buy a Commercial Property?

Buying commercial property makes sense as pure investment. However, it is often over-looked by small businesses owners because they often mistakenly believe purchasing is unaffordable. “Commercial” is defined as any property used to grow, expand or support a business.

Many possible benefits come with purchasing a commercial property.

• Investment Potential: Typically, the value of a single-family increases only 1 percent to 4 percent annually, while commercial properties increase 6 percent to 12 percent.
• Tax Breaks: All businesses receive tax deductions. However, commercial property owners have additional benefits including deductions for mortgage interest, property taxes and property improvement.
• Control: You know your costs and you control the building. You can rent unused space, renovate and expand your business space as your business grows without having to obtain landlord approval.

Buying commercial property is very different and more complex than buying a home. Call a professional realtor today to see if a commercial property fits your needs. If purchasing makes sense for you, let your realtor guide you through the process as well as help you assemble a support team of experts including an accountant and a lawyer.