Lease vs. Own
How to decide?
There are a number of factors to consider when deciding between leasing vs. owning:
- Leasing: Lower upfront costs, but potentially higher long-term expenses.
- Ownership: Start with just 10% down through the SBA 504 Program.
- Monthly payments: Often comparable between leasing and owning.
- Building Appreciation: Owners reap the rewards, while leasing benefits the landlord.
- Utilize Space: Own to lease out surplus areas and reduce occupancy expenses.
- Equity Building: Ownership translates to building retirement security.
- Tax Advantages: Ownership offers unique tax benefits compared to leasing.
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