I think it is better to rent in case the business cycle changes, the business can easily move out of that particular city or region.
Is it best to rent or to buy a company's place?
- Thread starter Shavkat
- Start date
It would depend on the kind of business it is and the long term vision of the business. If the business plans to be domesticated in the location or presently operates, it is best and cheaper to buy the place than rent it.
I too agrees with you on that. When you operate the business on a rented space, you are likely to spend much than operating the business on your own space. When you calculate the rent that you pay in a year the money can buy and build the space.
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Buying the business space would be the best decision ever to make. That would enable the business to acquire more assets which can be very useful for the future of the business.
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