Fresh startups and sometimes even established businesses rent offices. These businesses are looking for a cost effective solution to their needs. They might not have enough money to buy their own premises or are just looking for a short term solution. Whatever the case may be, most people have absolutely no idea about renting offices. These people are very vulnerable as they do not have the knowledge and end up making common mistakes which are easily avoidable.
Listed below are some tips to help you find the perfect office rental.
Firstly, conduct some research and find out the basics. You should know the average price of rent in the neighborhood, the type of people who live there and the type of businesses that are located in the area. Make sure that you have all the information needed to make a good decision. Having good knowledge will also ensure that you aren’t duped by anyone. Have a clear idea in your mind as to what you are looking for in terms of the size and location.
The second step would be to delve deeper and find out more from other tenants in the area. Landlords will advertise their place to you in a manner that you will find it hard to turn down. But you must resist the temptation, do not select the first place you see, instead analyze all the available options. You may also seek help from an expert in the field who can guide you and help you find the best deal.
Evaluate the Premises
Visit thepremises, don’t just be satisfied by looking at pictures and videos of the place. Analyze each and every aspect making sure that everything is in order and is as advertised. A key factor to keep in mind is how your business’ image matches with the location. For example, if you are a fast food chain then you want your outlet to be located in a commercial area. A good location is essential for the development of your business. If you have your outlet in an industrial area then hardly anyone will visit.
This might seem like a small detail, but it is the small details that really matter. Having enough parking spots for customers is very important. If a visiting customer can’t find a place to park nearby then he is likely to go elsewhere. Also check to ensure that there is place for you to park your own car as well otherwise it will be a big hassle.
Do not just look at the rental cost, but also evaluate other expenses such as electricity, gas, water, etc. These can have a huge effect on your earnings, so plan carefully. Ask your landlord about maintenance expenses and insurance of property. You must know the details of the agreement or else you could suffer later on.
Check to see the amenities that you will get with the place. These are the extras such as phones, fax machines etc. Some offices have these installed already and are free for the tenant to use. Everything makes a difference and it may come down to these small things when picking one place over another.
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The author is a real estate expert having worked in the industry for over 25 years. He has written articles and blogs on offices to rent and holiday rentals.