HOW DO I KNOW IF I SHOULD LEASE OR PURCHASE?
The short answer is that you should start by understanding every option available to you: all the options that meet your requirements to lease and purchase… in both office buildings and retail locations (unless you are 100% certain of your desired property type). Then, your agent should provide you with a detailed purchase vs. lease analysis that fully breaks down all the economics of each option.
Finally, they should walk you through all the additional benefits and obligations of your top two or three options and help you to make the best economic and emotional decision you can to position your practice for the highest level of success, both now and through the next 10 to 20 years.
For more in-depth information, visit our blog about ‘owning vs leasing your real estate‘.