Buying a building for your business has many benefits including:
* Locking in your commercial mortgage will give your business clear, fixed costs for the long term.
* The costs associated with owning and running a business space can provide expense deductions in the form of mortgage interest, property taxes and other items. When considering tax factors it is always very important to consult with your attorney and/or tax professional about the legal and financial considerations to owning office space.
* If you own your building and have extra space, renting out the extra space can add another source of income.
* One of the primary goals of buying space is to generate long term increase in value through market appreciation. It is usually a good way to add to your retirement fund.