Investing in commercial real estate can be a little challenging as your office becomes your identity. Without a good office space, your business cannot sustain. Even your customers will evaluate you on the basis of your office.
There are two kinds of people that we should keep in mind while choosing an office –
- Employees – Are there right kind of facilities. Does it provide positive environment.
- Customers/Clients – Whether or not reaching your location convenient for them.
Finding an ideal business place is quite different from searching for a house. There are a lot of facts that should be considered before deciding to buy a particular property. The first step towards it is to research and analyze thoroughly.
Factors to Consider Before Buying a Business Place
Location and Proximity
Choose a location that is accessible to everyone. Commute feasibility is the first thing that you should consider as it creates an impression about your company, as well as makes sure your employees are reaching on time and their work is not getting affected. There should be fine public transport and eateries around the vicinity.
The kind of amenities and utilities you provide to your employees are directly proportional to their motivation and productivity. So, while deciding to buy an office you should also be clear about what kind of perks you wants to provide. Along with it the basic amenity like elevators, pantry, sanitation, the interior, electronic systems, parking should be of premium quality.
No one will disagree that most of the work is shifted online and on digital platforms. So it becomes quite important that there should be the best internet access and phone connectivity.
You need a huge amount in your pocket in order to invest in commercial real estate. Somewhat 30% of your total expenditure will be eaten up by the office rentals. You should be firm and precise with your requirements so that you can segregate finances for brokerage, EMIs, rents, maintenance, down-payments, etc.
Size and Growth Potential
Having sufficient place is not the only concern; a businessman should also consider the growth factors and future prospects. Your office space should be compatible with the fluctuating requirements. It also plays a role in how your company’s image is projected in the market.
Type of Office
Nowadays there are a number of options available like a co-working space, executive, an office suite, a virtual office. The choice totally depends on the size of your company and your budget. So, now you have an array of options to choose from, according to your budget.
Finding an office in Pune and Pimpri Chinchwad, fulfilling all the above factors can be done by associating with Sukhwani Constructions. The company entered this field 30 years ago and it is driven by the core philosophy of thoughtfulness.
Sukhwani Constructions offer residential and commercial schemes in and around Pimpri meeting the growing demand of the field.