4 Points To Consider Before Selecting Your Business Office

Are you thinking about investing in your new business office? This is a big decision for your company and that means that you need to consider your options carefully. Here are some of the key possibilities that you should keep in mind and the reasons why they are so important. 

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Is It Secure?

 

First, you might think that no one is going to target a small office used by an SME or even a solopreneur. Don’t be so sure though because if they think you don’t have the right security measures in place then you will look like an easy target. That’s why you need to make sure that you explore the right options in terms of security. For instance, you should consider whether the business property has CCTV systems in place. This should give you the peace of mind that your property will be safe even when you are away from the office. It’s certainly advised if you’re buying rather than renting. 

 

Is It The Right Location?

 

Next, it’s worth thinking about the location of your business. The location is important because it will help you attract the right employees as well as the right clients. Most employees aren’t going to want to work for you if there are no transport links, zero infrastructure and they’ll be looking at a difficult commute. The wrong location will also make it difficult to gain new clients through foot traffic. It’s always going to be more expensive to buy a property in a built-up area. But it can be worth it due to the number of clients that you will attract overtime. In the long run, this might help you gain larger profits. 

 

Is It Safe?

 

You can’t forget about safety when you are choosing your business office. Don’t forget, when you run a business property you are liable for any accidents or incidents that occur there. Slip and fall attorneys will tell you how much businesses can lose when they don’t take this into account and take premises liability seriously. You can have damage claims in the hundreds of thousands which is incredibly dangerous for an SME. It can easily knock you out of the running. The easiest way to avoid this is to ensure safety is a top priority. Check your office for any potential hazards long before you decide to sign on the dotted line. 

 

Does It Look Professional?

 

Finally, you do need to think about the look and aesthetic of the building. It’s more important than you realize because it can determine whether you are able to win over that crucial client. It could be the difference between choosing you and a key competitor. So, how do you guarantee that your clients are impressed with the office? Well, you need to make sure that you choose one that looks and feels modern as well as sophisticated. If you do this, then you will demonstrate that your business is poised for the future and that’s exactly what your clients want to see.

Top 4 Tips For First Time Buyers

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When you’re a first-time buyer, you might want to dive straight into the deep end and buy the first property you find. And although this might be tempting, there are certain things that you need to get in order before making the big move. 

 

Yes, it’s an exciting milestone – no matter what your age. But it’s vital that you are fully prepared for the decision in advance of moving day. To help ease this transition, here are the top four tips that you should follow:

Location, Location, Location 

 

This might seem like an obvious point to make, but it’s nonetheless important to mention. At the start of the journey, you need to consider where you want to live – do you want to live in your hometown? Or perhaps a new location that you’ve loved to visit? This will be dependent on your budget, where you work and your bespoke preferences. Key factors that many people take into consideration, is how far the property will be from family and friends, as well as how close it will be to amenities. 

 

If you’re moving in with a friend or a partner, you’ll also want to make sure that you’re on the same page and are both happy with the location in question.

Consider the Market 

 

Unfortunately, the market is ever-changing. And because of this, it’s perhaps harder now more than ever to find a home that is suitable for your budget and personal preferences. 

 

So when you’re starting to gather the funds for your first property, it’s important that you keep an eye on the real estate market, including the trends within the area you are wanting to purchase etc. It’s also invaluable to gage the advice of a realtor, who will help to indicate what you can realistically get and the areas/types of properties that you should avoid.

Decide on A Realistic Budget

 

You don’t want to have to contact a bankruptcy lawyer as you have overstretched yourself on purchasing or renting a home (or even because you’ve gone over the top with buying furniture which was way more than you could afford). So before you make the investment, you need to sit down and consider how much you can realistically spend. Houses are expensive – no matter where you’re located or the type of property you are looking for. 

 

It’s essential that you work out how you will acquire your deposit and how you will pay your mortgage each month. If you’re thinking about buying rather than renting, you’ll need a good amount of money that you can put towards the property at the start of the process. Whether this is acquired through an FHA loan or through the bank of mom and dad, it’s a key factor into purchasing your first home. 

When setting a budget, you might also want to consider the following:

 

  • Potential costs of any renovations you want to make. 
  • How much home insurance will cost.
  • Other costs associated with moving – e.g hiring a moving van. 

What Mortgage You Can Get

Mortgages might seem terrifying, but they don’t have to be. Although they signify that you’re now an adult that can no longer rely on living for free at your family home, they indicate the start of a new phase in your life. When you’ve found your dream home, the reality that comes with getting a mortgage is something that you’ll have to face. 

 

But how do you know which type of mortgage is suitable? It’s a good idea to compare and contrast various mortgages, paying attention to the following:

 

  • What type of rate do they offer you? Do they offer a variable or fixed rate?
  • How much they cost each month.
  • The repayment terms – e.g 25 or 35 years.

If it has other fees – e.g valuation fees, advisory fees and arrangement fees.