the wrong team or a program the wrong way. The company ends up with not enough space or too much space when they go on a tour and eventually have to get bids on any construction. It can be a waste of time. When the architect or builder goes to create an estimate, it comes out to fewer desks and working space than was thought. Use an architect or someone your broker referred you to, to build out an idea of the amount of space you need. Then after a few tours and being serious about picking a spot, build and price out an actual floor plan. Try to get your short- and long-term plans in mind. How many employees will be working there in five years? If you can correctly predict your growth, you can correctly predict the space you need. Knowing the exact square footage that you need is how you avoid any problems from the start. You can compromise for less or more than that number down the line. Just know the number.
GET MANY, MANY EYES ON THE FINAL DOCUMENTS
You can’t do this without using a large team throughout the process in the first place. But if you have that, this is one of the most important aspects that they will help with. There is an extremely large amount of very complicated paperwork. Problems can come up later if the purchaser isn’t meticulous and careful. After you and your broker look at the paperwork, have your accountant put their eyes on it. Then, most importantly, have a real estate attorney look at it. Make sure it is in line with safety codes and any other regulations. Then, after all of this, sign the contract.
DON'T MAKE YOUR CHOICE SOLELY ON PRICE
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