Industrial property for sale Johannesburg
Any business owner will tell you that they started with a very primitive business location. It could have been their moms backyard or ultimately a corner store that they rented on small scale. Seeing and realising the growth of your company is an awesome feeling and most could start venturing into purchasing Industrial property for sale Johannesburg.
As a company you might have the urge to purchase an industrial property to nurture growth and expansion and it could work in your favour to do so. Buying is usually better than leasing anyway and we will let you know why in a bit. We will outline the reasons why you should buy than renting.
When deciding whether to buy commercial real estate, it’s important to understand the risks. The last thing you want is to buy property and realise a year or two later that you would have been better off renting. So it is best to have a solid plan moving forward.
- location may not work in your favour – Locations are trendy. The market may go bust. The area you choose one day may become undesirable the next day. Of course, the reverse can be true, as well. So be wise when choosing your location.
- Loss of liquidity – Businesses may tie up much of their liquidity buying property. It’s not always easy to sell real estate, particularly during an economic depression.
- Tenuous cash flow – Tenants sometimes seize paying their rent. Other times, buildings are in need of unexpected and expensive repairs. Your cash flow can begin to run dry this way.