All budding entrepreneurs ask themselves the same question, should they rent or buy an office space? Regardless of the type, size, and structure of your business, selecting an office space is an important aspect of setting up a business. No matter how challenging finding the right office seems, it will definitely be worth it.

Renting an office space is an ideal solution as per the current market trends. A straightforward reason being the cost and responsibility involved in buying a commercial property. This cost is a rather big barrier and one of the major reasons why rentals are the best choice for small businesses looking to expand or set up. One of the strongest plus points of renting an office space for your business is that it allows you to instantly access furnished and equipped infrastructure without getting into the hassle of investing in a property or capex.

Here are the top four benefits of renting an office vs buying your own space:

A Hassle-Free Transition

If you have managed to purchase an office space for your business, do you think you are halfway through? Far from it! You might want to consider updating the facilities, designing interiors, setting up an electricity and water connection, bringing in furniture, getting tech tools or essential office equipment, and more, all of this is extra hassle and expense. Do you really wish to get into this time-consuming process of setting up everything on your own? Rented offices are ‘out of the box’ ready. They simply take up the ownership of delivering an end-to-end serviced office space.
Max House delivered by Max Estates, a commercial property in Okhla, offers a complete package suited to individual requirements with three renting options, giving businesses a great opportunity to grow. First, a fully furnished office with complete business infrastructure. Second, a customized office design as per your requirements, delivered by Max itself. Third, a well-managed and productive coworking space for your business. In all the three services, you don’t have to worry about taking up the real estate cost, overhead expenses, design details and most important of all, the headache of managing and having all of this done. All you have to do is walk up to Max House and share your requirements, everything else is taken care of by us.

Minimum Financial Burden

One of the most logical advantages of renting an office is that it lightens up the financial responsibility of the business owner when it comes to managing and paying for the routine maintenance of the building. Unless you or your team members have deliberately destroyed office property or defaced the building in any way, you are technically not liable for covering the repair costs. Leave alone the regular damage costs that emerge out of nowhere. Even routine maintenance is a costly endeavour, like repainting the walls, maintenance of infrastructure and technical equipment, keeping the bathrooms clean and sanitary etc, the landlord is responsible for keeping all of these in proper working condition. In case you rent a property instead of owning it, you can turn to the landlord to voice your concerns, without having to do it yourself.

Untied Working Capital

Since your hard earned money is not tied up in any long term investment in case of a rented office, it gives you more headroom for promoting potential employees as well as making necessary modifications to your overall business model or plan. Rented offices come with technology, business support, infrastructure and free you from paying a mortgage based on variable interest rates that could increase as the market continues to change. So, when you choose to rent an office instead of buying one, it is definitely a win-win situation.

Flexibility of Contracts

Another advantage of renting an office space is the freedom you get in terms of flexibility of your contract. With the market being so volatile, it can be a great benefit to change the location and size of your business space at any point of time. Many office rental companies offer flexible terms of agreement and therefore you can expand the business your way and move to a bigger space without getting into any controversy. Or waiting for a buyer for years in case if you own an office space and want to shift to another.

When searching for an office space to rent for your business, a place that can address your needs and reflect your unique style, do check out the spaces offered by Max House at Okhla.