Why would someone buy a business or office condo instead of buying a separate property?
Condo ownership allows a buyer to buy only what is needed, and to benefit from an economy of scale. A condo buyer has many of the conveniences of leasing since a management company takes care of snow removal, lawn care, trash removal, exterior repairs and similar chores. Often, a condo buyer has an opportunity to see the space and evaluate it, customize it, and take possession of it within a very short delivery schedule. Most experts agree that buying a condo is less risky and more convenient than the alternative of developing one’s own new building. Assuming everything goes right, here’s what it would cost to build your own 4,000 sq foot office building. See why it would take 18-24 months to complete the job.
