Benefits of Ownership

More and more, accountants, mortgage brokers, doctors, and other medical and service-based professionals are making the move to purchasing office condos, fully customizable spaces that offer businesses a multitude of benefits. Here are some of the reasons why:

You can buy a specific amount of space or an entire building. When you lease space you have to take what is available and it might be more or less space than you really need.

If you choose space that’s not exactly what you were looking for then you are forced to make compromises in your design.

Our contemporary building designs incorporate methods and materials that require minimal building maintenance.

You’re paying your own mortgage – not your landlords. Over time the equity builds up, as the property belongs to you and not someone else.

With interest rates lingering in the low to moderate range, monthly mortgage payments are, in many cases, lower than lease costs. Depending on the type of financing you select, those mortgage payments can be locked for the life of the loan.

Your space can be customized to suit your specific needs. Case in point, the design requirements for a pediatrician’s office will differ greatly from an attorney’s. That flexibility ensures a design that maximizes functionality and supports the culture of the business.

Office condominiums may offer you tax advantages depending on your corporate structure. There are instances, for example, where you can have an entity that you own buy the unit and then lease it back to itself. You should consult with your tax professional to determine what will work best for your business and its operations.

You will gain increased ability to finance other aspects of your business using your real estate as security.

When your business grows larger than your available space you can of course sell your unit or you will be allowed to lease your unit out to a third party.

Cost Structure