Frequently Asked Questions
It sounds like a great idea, but I just signed a lease for the next 3 - 5 years.
You can still make your move now and we can help. We can assist you in locating another business who may be willing to assume your lease or we can negotiate with your landlord for an early release date. Please remember, each month that you pay lease, you are losing that money from your business. If you pay $1500 per month, in 3 years you will have lost $54,000 and in 5 years you will have lost $90,000.
I don't have enough money for a down payment.
We have specific lenders who may require less down payment than you think and we may be able to provide you with down payment assistance.
What if I decide I want to move?
You may sell your property at any time just as you would with your home. We can provide valuable sales assistance to you in this process. You may also decide to lease your space for residual income.
I want a building to myself and do not want to be with other office condo owners.
Depending on your business, the other office condo owners may provide you with additional customers and resources. It is much less expensive to own an office condo than it is to build a stand alone building. All condo owners share in the overall expense of the complex thus defraying many of the standard expenses. A stand alone building generally cost approximately $50 per sq. ft. more to build because of the city required amenities such as oversized parking requirements, drainage, landscaping, green space, etc.
I found an older building that costs less. Why should I pay more to be in a newer building?
Newer buildings are identified as Class A buildings if they have been built in the last 5 years. They are valued higher because they have less required maintenance, generally better Newer buildings are valued higher because they have less required maintenance, generally better parking and are built more energy efficiently. They provide greater value to the tenant or owner and require much less routine maintenance. In addition, newer buildings are generally located in growing urban areas where the population and economy is on the upswing. facilities, and are built more energy efficiently. They provide greater value to the tenant or owner. In addition, newer buildings are generally located in growing urban areas where the population and economy is on the upswing.
I'm happy where I am currently located.
That may be true, but ask yourself is your business prepared for the next 10 - 20 years? Is it located in an area that is growing or are the Demographics of that area stagnant?
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