Why Own Your Office Space?
Just like a home, owning an office condominium is a real estate investment. There are many advantages of owning real estate in addition to the tax benefits. You can sell or lease your investment. You are also protected from inevitable lease increases vs. a loan payment that can be fixed.
Owning your office space offers a tremendous value when compared to leasing dollars spent over time, not to mention the prestige and stability that owning your office space communicates to clients.
Keypride Properties offers flexible and efficiently designed offices that are perfect for accountants, tax and financial services, attorneys, non-profit organizations, medical and research services, medical professionals and physicians, real estate professionals or anyone currently working from home who wants to establish equity and grow their business.
Any small business looking to invest in a permanent office solution and avoid the unexpected and rising costs of leasing will enjoy the tax and equity benefits of office condominium ownership.
Tax Advantages
Mortgage interest, real estate taxes, depreciation and property improvements can provide significant tax benefits for business owners who own real estate assets. Office condominiums provide the perfect avenue for ownership without a large upfront investment.
Retirement Planning
Many small business owners find it difficult to make regular contributions to their retirement. As an office condominium owner, each payment you make goes toward equity in the property in addition to the potential for appreciation. Upon retirement, you’ll have a valuable asset to sell or lease.
Asset Accumulation
When it comes time to sell a small business, many professionals find it is difficult to sell their business for a healthy profit. However, selling a business with real estate included provides an added benefit to prospective buyers.
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