Are you looking for a space to put up your business in Iloilo? If
you’re facing this choice, you might want to consider a variety of
factors that go into buying an office space.
1. Property Ownership is a Long-Term Investment.
Consider The benefits of buying and renting out space. Owning an
office space is a long-term investment, while renting is a short-term
fix. What do you get from your office space if you rent or buy it?
Are its utilities and amenities going to help your business in the
long run?
The 19-storey International Corporate Plaza with 301 office units is
envisioned to be Western Visayas’ most state-of-the-art,
facility-packed ‘green’ office development expected to be completed by
2024. Its target market includes start-up companies along with
established enterprises who want to set up operations in Iloilo.
If you have a solid capital and your long-term plans for your business
involve using the same property, then buying your own office space is
a better option. Buying your own property is a long-term investment
which will pay for itself in time.
2. You are paying for ownership, not just space.
When you buy your own office space, you’re investing for mortgage for
a property that you will actually own. Unlike when you’re renting,
you’re paying the lease but the property will never be yours.
Investing in your start-up by owning your space gives your business
credibility, not to mention ensures security on your end.
3. You can lease out a portion of the property & earn rental income.
If you won’t need the entire space, you can lease out a portion and
earn a rental income. You can use the income from your rent to help
pay your mortgage.
4. Your Mortgage will likely be lower than your lease.
Oftentimes, your mortgage will most likely be much lower that what
your lease would cost you. If you have the capital for down payment
and are planning to stay on the same location throughout your
business’s duration, It is a better use of your money to buy the
property.
5. Your customers (present and future) will thank you for your accessibility.
If your business requires your customers to meet you regularly,
having your own space in a prime location is a must. Not only will it
be part of their “routine”, your location’s accessibility can give
maximum exposure to future customers, potentially increasing sales.
With International Corporate Plaza’s prime location, within reach of
many utilities and services that assist your business, you are ensured
of an efficient and productive workspace not only for your company,
but also for your customers.
6. You won’t feel bad investing in good furniture.
When you rent, it’s easier to put off buying good furniture because
the space is not yours. You will likely settle for cheap furniture to
save money. However, if you own the office space, you will be inspired
to beautify your place. Investing in your space means investing in
quality furniture that will aesthetically match your style.
7. You can benefit from Price Appreciation.
Located within Megaworld’s township, the International Corporate Plaza
ensures that your space will increase its property value over time.
This can be a big benefit when you decide to sell or your property by
the time you retire.
8. The land under the property appreciates alongside your business.
It is better to own office space if your location’s land value will
continue to increase. International Corporate Plaza is situated in
IloiloBusiness Parks’s 9-hectare commercial and boutique hotel
district and will be a premiere Meetings, Incentives, Conventions and
Exhibits (MICE) destination, ensuring the property value will increase
over time.
9. You can build business credit & own an asset.
Enjoy the benefit of building your business credit while owning an
asset at the same time. Both business credit and business asset will
be useful when you’ll need to take a business loan in the future to
finance your business’s growth and expansion.
10. It’s easier to plan for the future.
It’s easier to have long-term plans because of your fixed mortgage
costs, which can greatly affect your financials. Secondly, you will
have more time to conquer the market because your space ensures
longevity and exposure when invested in a facility-packed ‘green’
office development such as the International Corporate Plaza.
Why not consider investing at Megaworld’s International Corporate
Plaza? With all these benefits and amenities in one place, your
investment in your business is sure to be a solid one. Contact (033)
330-3464 or 09173524888 for more information. Invest in your future
now!