If you are planning to relocate your office or open up a new branch or showroom in Hong Kong, then you are probably debating whether to buy or rent the office space. Also, if you have been operating out of a home office up to now and are hoping to kick things up a notch, then it is probably a good idea to shift to a dedicated corporate location. Whether you are looking for a small place to have as a front office for meeting clients or displaying your products, or whether you are interested in performing all the functions and processes of your small business from one centralized location, renting commercial property maybe a more viable choice in comparison to purchasing it. To help you make a better decision, take a look at a few perks of renting the office premises you will require rather than buying it;
It May Prove to be More Cost-Effective
Buying office premises would require a substantial down payment and a string of subsequent costs. This can leave a noticeable dent in your business finances and not leave you enough money to deal with the other expenses related to relocating. However, let property in Hong Kong is relatively more affordable than purchased commercial property.
All you will have to worry about is paying the rent on time, and the bulk of the other expenses such as upkeep costs will have to be borne by the owner of the property. Some landlords of let property in Hong Kong even provide the furnishing and administrative services which means you can save money in these aspects as well.
Changing Your Mind Will Not be Too Much of a Problem
Buying a piece of property is a long-standing commitment. Once the contract is signed and the deal goes through, the ownership of the premises is transferred to you and along with the deed comes the various responsibilities attached to being an owner of commercial property. But what if you change your mind afterwards? Finding a better office space at a more affordable price in a more appealing location is always a possibility. If you have chosen to rent the property rather than buy it, you have the option of switching from one place to the next. But when it comes to purchased property, the matter becomes more complicated, check this for office rental.
You Will Not Have to Worry about Maintenance and Security
It is not just the initial cost you will have to bear when it comes to buying commercial property. The maintenance costs related to the replacement and upkeep of furniture, fixtures and equipment along with ensuring the security of the premises is also up to you. However if you take advantage of the opportunity to rent the office, your finances will not suffer from such costs as they will have to be taken care of by the owner of the property.