You might simply think that renting your office is the best idea for your consultancy or marketing firm, but you will have to pay money towards somebody else’s property for long years, without having real control over where you can afford to stay, and what you can do with the building. If you are thinking about ways of reducing your monthly outgoings and saving money long term, building your own offices might be something to consider. No matter if you are erecting a steel structure in your backyard or buy land and construct something that stands out, you can make a difference and secure your company’s future. Find out below why building your office might be the best investment you make in your business.
When you own your business premises, you will not have to depend on your landlord, and only have to pay the property taxes. This way, you can have a better control over your future. The owner of the office building cannot put the prices up every few months, as you own the building. You can also add security features to your buildings, such as fire and smoke alarms, and connect it to your mobile phone, instead of relying on the company’s own security firm to protect your assets.
Tailored to Your Needs
Whether you are thinking about moving office because you don’t have enough space, or there is no parking for your employees, you might consider building instead of renting somewhere else. You can create an office building that represents your brand’s values, and offer additional services on site, such as a canteen or a gym. Whatever you and your employees need, you can implement in your building design. Further, when you move office, you can stay flexible, and don’t have to deal with rent overlap during the relocation process.
You Pick the Location
You might want to move to a more preferential area in the city, but cannot afford the land. However, if you can strike a deal with some of the local authorities and buy reclaimed land cheap, you can stay in the center, and save money long term. You can pick the right place for parking, public transport, and restaurants, so you can take your clients out for a working lunch or hold your office parties and meetings in a bar.
You Control the Contractors
The best part of building your own offices is that you are in full control of the project. This means you will have to approve the design and materials. If you want to build a greener company, you can choose reclaimed and eco-friendly materials. You will have a say in every aspect, including machinery and contractors. To find out what type of equipment is needed to erect an office building, check out Freo Group to learn about modern machinery.
Freedom to Customize
One of the main benefits of having your own offices custom-built is that you can customize it. Would you like green windows and a huge solar sign spinning on the top? Simply ask for permission from the building authority, and tailor your building to your needs. You will not need to seek your landlord’s permission any more, and you can use the building for branding and advertising. If you want the glass to have your logo on it, you can get this done.
Rent-free For Life
You will be financially better off long term as well, if you build your own office. While you will have to finance the project and the materials, as well as the furnishings, your credit repayments are likely to be lower than your rent. This means you can budget better, and don’t have to face with ever-increasing property maintenance costs and rent. You will simply make the repayments on your mortgage or business loan, and build the equity on your commercial portfolio gradually.
Building Long Term Assets
You can build your long term assets without depending on other companies. The longer you can stay in the same office, the more customers will know about you. Further, you will not have to move, so your expenses will be reduced. Finally, if you choose a prime location, your office building can increase its value over the years, which means you will build up financial assets and securities in your business. You can later use these assets and the equity on your business premises to secure finance for further investments.
Serving Your Employees Better
If you own your business premises, you can meet your employees’ needs better. You can feel free to build a game room, or offer flexible working hours for those who need it. As you will have full control over your opening times, security, and regulations, you can allow them to chill in the kitchen area during lunchtime, instead of having to spend a fortune on sandwiches at the local canteen. You can offer parking, bike racks, or choose a location with good public transport and bike routes.
Improved Possibilities for Branding
Whether you want to create stop signs on the highway to lead customers to your premises or use virtual tours to introduce your clients to your work environment, you can do it if you own the building. You can decorate your entrance, set up neon lights and advertising boards with your latest projects and success stories. If you share the building with dozens of other companies, this is impossible.
If you are ready to move office, you might consider building instead of entering another few years’ of lease agreement. If you are serious about building long term assets and want to make sure that you are able to keep customers and employees happy, getting your building project off the ground might be the best decision. You can benefit from owning your business premises in many ways; branding opportunities, better features, employee relations, stability, and financial security. You can also budget better if you simply have to pay off the investment finance and live rent-free forever.