In most cases, 20% of the gross income in your business will be used in covering the rent. This tends to be a hefty amount. This is why some business people will be flirting with the idea of building their own commercial spaces or even buying just to eliminate the rent expenditure. However, there is no guarantee that it will end up being cheaper. You need to do the math and see which will be cheaper.
If you have patience, time and financing, you should build your own premises. You will have the freedom of putting up a structure that is accommodating to your budget. Also, you will have warranties for everything done during the construction process. This process will give you a good idea on what you will be spending on maintenance of the structure.
If you have borrowed a loan to put up the structure, you will get equity on the structure as you keep on repaying the loan. Not all money used in repaying the loan goes to paying the interest but also the principal amount. This is how you build equity in the building. If you sell the property at some point, this will work to your favor.
Another merit of building your own commercial space is the energy efficiency this comes with. The modern structures are designed to consume less energy. It will be up to you to decide on the kind of energy efficiency features you wish to be added on the commercial space. This is not guaranteed when you buy an older commercial space. Thus, give priority to building the property as opposed to buying an older one. Besides that, you have the freedom to decide the designs the commercial space will have.
You will be free to decide on the customized features and designs that are to be added so that your choices and interests can be addressed fully. Also, you will be responsible to create the budget to fit what you have. Light gauge steel has been praised in matters to do with building faster not to mention how budget friendly it is.
Buildings that are constructed using light gauge steel also register higher safety levels. You can also use multi bays with huger overhead doors. This gives you a lot of open space. It is a great trick to make the space look much larger. For the reduction of glare, a smoke wall light is perfect.