Tips on Moving from a Leased Property to a Company-Owned Property

Your business is growing and you are experiencing a lot of success. While a leased property once met the needs of your business, it no longer accommodates the needs of your growing business and you have decided that you want to move into a property of your own. Therefore, you’ll need a long island moving company to help.

Moving your business into your own property comes with a lot of perks: you can make modifications to the building that suits your specific needs; you don’t have to answer to a landlord; you can deduct your property as a business expense; you can better control operating expenses, and owning the property can be a huge asset. But, before you purchase a property for your company, there are definitely some things that you are going to want to keep in mind in order to ensure the shift from leasing to owning is a success.

Here’s a look at some of key factors that you should take into consideration before you decide to commit to buying a company-owned property. Movers long island would be needed to move all of your equipment to the new location.

Determine Your Specific Needs

Just like you want to determine your specific needs when you purchase a home, you also want to determine your needs when you buy a space for your business. If you go on a whim, you could end up purchasing something that won’t accommodate your business, which could certainly end up making your property purchase not worth your while.

Before you even begin looking for a property, ask yourself the following questions:

  • What type of property are you looking for?
  • How much space do you need?
  • Where is the best location for your business?
  • What is your budget?
  • Do you want to purchase a new property or something that needs some work?
  • Will the property appeal to your customer base?

The answers to these questions will give you a better idea of where to look for your company property, and what to look for.

Find a Realtor

A realtor will be extremely helpful when looking for a commercial property.

Look for a realtor that has ample experience in the commercial property industry. Let your realtor know your specific needs, including your budget, the location you are interested in, and the goals of your business, and make sure that those needs are clearly understood. Also, you should ask for references before you decide which realtor to work with. Doing so can help certify the realtors experience and let you know if he or she is the right person to task with the job of helping you find a property to purchase  for your business.

Tour A Lot of Properties

You don’t want to purchase the first property you find. Again, just like a house, you are going to want to check out a handful of options. While visiting properties, make sure you take note of how well the property will meet the needs of your business.

Draw up a checklist of your needs and wants. Bring that checklist along with you as you tour each property. While you may be drawn to a property because of its appeal, if it doesn’t tick off the majority of the boxes on your needs list, keep on looking. However, do remember to be open-minded; for instance, some aesthetics can be easily changed, such as paint colors and flooring. Even though you may not particularly care for chartreuse walls and tile flooring, if the property meets your needs otherwise, remember that you can make changes to the aesthetics.

Get Commercial Property Insurance

Once you find a space to purchase, you need to make sure that you have commercial property insurance. You are going to be responsible for the cost of all of the items on the property, as well as the equipment and inventory that will be on site. Additionally, you want to make sure that you are insured should an accident occur on your property and cause an injury to an employee or a client.

Don’t Forget to Hire a Moving Company

Hiring moving companies long island is one of the best things that you can do to help you transition into your new company-owned property.

From desks and computers, and even paperwork, there is no doubt that you have a lot of equipment that needs to be moved. Trying to handle moving all of your business equipment on your own will surely be a huge task. A reputable moving company will be able to ensure all of your equipment is safely moved from your current location to your new one, and in a timely manner. Movers can even assist with the packing and unpacking.

The move from a leased property to a property that you own is a big step for your business. Make the most of it and ensure your success by following these tips and use long island moving services.