Owning a home can create one of your largest assets and is typically seen as a relatively safe investment opportunity. Conventional wisdom would say the same is true for veterinary real estate as there are legitimate benefits to owning, including paying down the loan principal and building equity, receiving loan interest and property tax deductions, and more. When running the numbers for owning, leasing is often labeled as “throwing money away” compared to building equity through ownership.
While these and other reasons make ownership compelling, there are many reasons why leasing your space might be a better decision than owning. This is especially true when considering the stage of your career, your ideal practice location, and the quality of building you can afford.