Real Estate – Writing Off That Old House
Renovating or converting a noncommercial building can offer the distinction, charm, and brand image your business needs at a reasonable cost.
BusinessWeek:
While scouting new locations for your startup or existing business, don’t overlook distinctive, noncommercial buildings. While converting noncommercial property into a store, restaurant, hotel, or office is a big job, it could end up giving your business the character and brand image it needs at a reasonable cost.
But before you sign on the dotted line, plan ahead. Moving and renovation costs, long-term upkeep, zoning restrictions, and special tax exemptions should all be considered with the help of a knowledgeable CPA.
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