Offices: buy or rent? This is the question

[:he] The decision whether to purchase or rent offices occupies almost every business owner at one stage or another, each model has advantages and it is important to know all the variables in order to make an informed decision in the long term. Yair Levy on the issue that arises at various points of almost every business For the most part, those engaged in the liberal professions at the beginning of their journey will prefer a rental route, and this is to first test the success of the business and its ability to establish itself and grow. In later stages, it seems natural to us that every business would prefer to invest in the purchase of an office because by paying a mortgage instead of rent, we increase the equity of the business and enjoy future increases in real estate prices. And if so, business and competitive advantages inherent in a rental model cannot be ignored. We will detail: 1. Renting allows flexibility: in the location of the business, its size and even its style– relatively easily you can move the location of the office to an attractive, accessible or cheaper area, expand or reduce the office space according to needs and move to more modern offices, with innovative infrastructure and an inviting lobby . 2. Changes in the structure of the business, such as the entry or exit of partners, will be made simpler in a situation where there is no ownership of the property. Therefore, renting allows flexibility and adaptation to internal changes and the effects of the business environment. 3. Rent is a recognized business expense compared to a mortgage where only the interest paid is allowed as a deduction. So, rent or buy? The question will arise at different points in the life of the business, and it is important at each stage to refer to the various factors in order to make an informed decision.[:]