As long as you stay in your own space, you’ll have your mortgage payment locked in. Your monthly payment will no longer depend on the real estate market in your area.
Equity
Your monthly payments will help you build equity, as opposed to lining the pockets of a landlord. When you sell or refinance your property, you’ll see a profit since some parts of your payments go to paying the principal loan amount. In many cases, this is businesses’ main motivating factor to purchase their office space.
Asset Appreciation
This is another one of the main reasons companies purchase properties. Property can gain value over time. A few years after you purchase it, it may be worth 5 to 10% more than what you paid.
Additional Income Possibilities
Since you own the property, you are free to do what you want with it. You have the option to rent out space to other companies and tenants. If you don’t need the entire space, this is a great way to make additional income. The downside of this is the amount of extra time, effort, and work it brings. A lot of companies don’t go down this road due to that. You have to be the landlord, market the property to find tenants, and go through with the other various requirements. You could hire a property management company, which is what happens a lot. However, renting your space out will eat into a
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