Category Archives: Real Estate
If you have had a fairly successful home based business for a while and you are looking at taking it to the next level, there are many things you will need to think about. Keep in mind that running a business from home is extremely easy and can be very profitable due to the lack of overheads and more importantly the lack of risk. You may not even realize it but not having a risk in a business put you in a state of mind that allows you to run your business with ease without having to worry but when you have bills to pay at the end of the month, it can be very difficult to think straight and think productively. Know more information about real estate agent in Hong Kong.
Analyze your monthly profits and potential costs
The first step in your transition would be to analyze your average monthly income and profits and compare it to the potential costs that you will have once you get a place of your own. The most obvious solution for moving your business out of home would be to get a shop or an office but often, you will find that these cost too much money and therefore, you might want to look in to a sort of in between option which is to get an apartment or a small house that you can use as an office or shop which will not invade on your own privacy unlike at a home.
One good option would be to look at garden road property. Buy or rent a small house that you can then reinvest and upgrade to suit your own needs. This will not only be a lot cheaper than the investment that you will have to make on a commercial property but it will also give you a lot of freedom to personalize the way you want. Another option would be to look in to the pricing of a mid level property rent either for rent or for outright purchase if you have the funds.
It goes without saying that buying a house, even with a loan from the bank would be the best option because this would reduce your overhead costs once you have paid off the bank loan. The installment that you pay off on your loan is likely to be more or less similar to the amount that you would usually pay on rent and therefore, you will not be paying anything extra however, you need to make very sure that your business is able to sustain paying off this installment every month from the profits that you earn.