Purchasing A Commercial Condo
Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]
The Pros And Cons Of Leasing Vs. Buying
Popular wisdom would have you believe it’s better to own than rent. But does that rule still apply when deciding whether to lease or buy your medical office space? The pros and cons of leasing vs. buying are similar for medical entrepreneurs as they are for the general population, with a few important distinctions: Just […]
What to Ask for/Expect in Your Commercial Lease
When negotiating the terms of a commercial lease for your medical practice, you have a lot of power. Unlike residential leases, the terms of a commercial lease are not set in stone and can be tailored to meet the individual needs of each lessee. Here is what to look for and what to expect from […]
What is a Commercial Lease?
If you choose to rent office space for your medical practice, the terms of your rental agreement will be outlined in a commercial lease. Much like a residential lease, a commercial lease is an agreement between a tenant and a landlord. The main difference is that with a commercial lease, you have permission to conduct […]
What is a Medical Commercial Building?
A medical commercial building offers medical professionals the opportunity to lease or buy office space that is customized to suit the specific needs of their practice. Some medical commercial buildings are dedicated medical centers, where all or most of the on-site offices are medical in nature. If you’re a chiropractor, for instance, you might purchase […]
Medical Office Structure, Layout And Design
The structure, layout, and design of your medical office should facilitate the best working conditions for your staff and the most pleasant experience possible for your patients. Whether you are moving into a new space or constructing a medical office from the ground up, there are three important things to keep in mind: First, consider […]
How to Purchase a Commercial Building
Buying a commercial building for your medical practice is a big undertaking.After all, as a medical professional, chances are you’re not a commercial real estate expert. That’s why it’s important to follow a strategic 4-step process once you decide you’re ready to purchase a commercial building. Commercial Real Estate 4-Step Process: Step one: Assemble an […]
Types of Commercial Loans for Buying a Commercial Condo
Are you ready to purchase a commercial condo for your medical practice, but don’t have hundreds of thousands of dollars to invest? You’re in luck. For new and growing medical practices, there are a variety of commercial loans available to help you get your practice up and running, or to help a growing practice thrive […]
Determining Location Options
Choosing the perfect location for your medical practice is key to setting up your business for success. But the location you choose should never be determined by geography alone. You should also consider the following questions when determining location options for your new practice: 1. What type of practice are you opening? Whether private or […]