Amazines Free Article Archive
www.amazines.com - Thursday, April 18, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133573)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73855)
 Automotive (145712)
 Blogs (75614)
 Boating (9851)
 Books (17223)
 Buddhism (4130)
 Business (1330636)
 Business News (426446)
 Business Opportunities (366518)
 Camping (10973)
 Career (72795)
 Christianity (15848)
 Collecting (11638)
 Communication (115089)
 Computers (241951)
 Construction (38962)
 Consumer (49953)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20319)
 Dating (45908)
 EBooks (19703)
 E-Commerce (48258)
 Education (185521)
 Electronics (83524)
 Email (6438)
 Entertainment (159854)
 Environment (28970)
 Ezine (3040)
 Ezine Publishing (5453)
 Ezine Sites (1551)
 Family & Parenting (111007)
 Fashion & Cosmetics (196605)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310615)
 Fitness (106469)
 Food & Beverages (63045)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630137)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91657)
 Home Improvement (251210)
 Home Repair (46243)
 Humor (4723)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29616)
 International Property (3488)
 Internet (191029)
 Internet Marketing (146687)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80506)
 Link Popularity (4596)
 Manufacturing (20914)
 Marketing (99316)
 MLM (14140)
 Motivation (18233)
 Music (27000)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129734)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12689)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126700)
 Recreation & Leisure (95495)
 Relationships (87674)
 Research (16182)
 Sales (80350)
 Science & Technology (110290)
 Search Engines (23514)
 Self Improvement (153300)
 Seniors (6220)
 Sexuality (36010)
 Small Business (49311)
 Software (83033)
 Spiritual (23516)
 Sports (116155)
 Tax (7663)
 Telecommuting (34070)
 Travel & Tourism (308304)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11790)
 Website Design (56919)
 Website Promotion (36663)
 World News (1000+)
 Writing (35844)
Author Spotlight
TAL BARNEA

Tal is an electrical engineer with over 25 years of expertise with hardware, software, mechanical an...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
LEMUEL ASIBAL

Lemuel Asibal is a web content writer who also ventures on writing articles and blog posts about any...more
TUSHAR BHATIA

Tushar Bhatia is the Founder President of EmpXtrack Inc with over 19 years of experience in the soft...more
BRENDA PANIN

Passionate blogger and a great animal lover. ...more


Buy or Rent Office Space—Pros and Cons by Richard Conard





Article Author Biography
Buy or Rent Office Space—Pros and Cons by
Article Posted: 04/28/2022
Article Views: 177
Articles Written: 1823
Word Count: 529
Article Votes: 0
AddThis Social Bookmark Button

Buy or Rent Office Space—Pros and Cons


 
Real Estate

You have just started a business and are looking for office space but the big question is, do you buy office space in Kolkata or rent it?  This is a question that at some point all small businesses have to ask themselves.  With either option, there are both pros and cons.  For most small businesses, the answer is not clear cut so make your decision wisely.  Whatever decision you make will depend on a combination of three other things, which are tax, personal issues, and finances.  Talk to your financial expert and accountant to get their takes on what the best decision should be about your new office space in Kolkata.

Buying Office Space

Pros

  • Tax deductions—when you buy office space in Kolkata, there are tax deductions you are eligible for. The costs of owning and running your business can give a tax deduction for property taxes, mortgage interest, and other items.
  • Fixed costs—when you lock in your mortgage long-term, this will help give your business costs that are fixed each month so it is easier to work out a budget to know what you will pay each month.
  • Retirement savings—owning your own office space and having it appreciate over time will allow you to sell out when they are ready to retire and add to their retirement funds.
  • Extra income—if you buy extra office space, then you could rent some out and have extra income.==

Cons

  • Costs upfront—buying your office space in Kolkata means that you will have more money to pay out in the beginning. You will have maintenance, property, and appraisal costs in addition to a down payment and maybe improvement costs.
  • Little flexibility—if in the future you find you need more office space, you will have to sell this property and purchase or rent another larger office space.

Renting Office Space

Pros

  • Prime property—when you rent office space, there are more options to rent where you want than there might be if you are buying it. You may have more of a chance to rent in an area that has a better location, which is important if your business relies on a certain location.  When leasing it is also more affordable.
  • Working capital is freed up—renting your office space does not tie your money up in real estate so if in the future you need to make improvements, you will have the money to do so. It also gives you the ability to borrow funds easier.

Cons

  • No equity—renting your office space, you are not funding your retirement account but someone else’s with the rent money.
  • Costs are variable—you may be subject to rent increases for your office space each year so your rent can vary from year to year.

Conclusion

Look over these pros and cons carefully before you make your decision to buy or rent your office space.  When renting, one other pro is that at the end of your lease, if it is not working out, you can look for new office space but buying you are stuck until the mortgage is paid off or you sell and start over.

Related Articles - office, space, in, Kolkata,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
SUSAN FRIESEN

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
SHALINI MITTAL

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
JAMES KENNY

James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license