To buy or to lease? That is the question but what is the answer? We are taught at a young age that investing in property is a viable financial opportunity. In the current economic climate is it really the right choice to make? The government has let us know that the economy is doing slightly better but is that enough to make the decision to buy? If you are unsure, then maybe you should rather consider property leasing as this is the more cautious route to take.
Another aspect of property leasing and buying is making sure that the property is assessed regularly from a value perspective. Quite often businesses will grow and increase the stock or equipment that they have without considering the implications (from an insurance point of view) should anything happen to the property. Once something does happen, businesses then find out that the property and its contents have been grossly underestimated. Property valuations form an integral part of businesses and residences and should be conducted on a regular basis.
As a business owner, you need to align yourself with a company that has your best interests at heart and that will make sure that you get top dollar for your property should you wish to sell. Various aspects are taken into consideration when carrying out property valuations. Even though you are leasing, you need to ensure that the contents of your business has been valuated – the actual building itself is usually valued and insured by the owner of the property.
Where your business is situated also has a huge impact on the value of the property. Property is valued according to the area, size of the property and the type of business that is being run from the property. Once all these factors are taken into consideration, then property valuations will be conducted properly and fairly.
A fun way of thinking about property leasing….
Think of buying or leasing property as a game of Moviemaker where the aim of the game is to make a movie in the best possible location and from there collect all the pieces necessary to make a successful movie. Without having your business in the right location and having the resources to produce the work, your “movie” will be a flop.
To get the best for your property rand, you need to contact The Property Partnership. The Property Partnership will not only be able to assist you in finding the right location but they will guide you through the process from start to finish. To find out more about the services on offer through The Property Partnership, visit www.property-partnership.co.za