It is a brilliant idea to start a new business in a new town to raise your monthly income, however, finding a good office has been a major challenge to most people with a business mind. Most states like Melbourne have wonderful real estate agents who may offer you great help.
Whether you are dealing with a real estate agent or not it is always advisable to have a rough idea of what you want so as you don’t find yourself in the broker’s trap and end up losing your money. Below are some of the tips you should have in mind when looking for office rent in Melbourne.
- Consider the size of space you require.
Different types of business will require different spaces and different portioning styles. When looking for office rent in Melbourne you should first have a rough idea of the amount of space you require and how it should be portioned to avoid underestimation or overestimation. This may either lead to loss of money by paying too much rent of unused space or loss of money by not offering your customer adequate comfort in terms of space.
- Have a broad scope.
When searching for an office it does not really have to be an office, you should have a broad scope of choice as long as the room meets your need you can do the partitioning yourself and installation of the necessary furniture. This turns out to be a better office as it meets all your dream interior design.
- Remember to negotiate.
It is good to remember that every lease in Melbourne is negotiable, you should not accept all the terms and conditions of the property owner as they are. It is therefore advisable to have a lawyer if you are not one yourself to assist in paperwork review.
Negotiation, in this case, should involve rent payment, repair of the spoiled parts like electricity and plumbing work, and even matters of security of the office.
- Do a background check about your landlord’s character.
If your dream is to start a long-term business which means you will have a long-term relationship with your landlord, then it is wise to do a background check on matters of their character and relationship with other tenants. If you realize that other tenants are ever complaining, then you should watch out before you move on to rent the office.
Research on the property ownership, whether there are case proceedings regarding the property or not. To avoid opening the business only for the business to be foreclosed two months after.
- Plan on the duration of your lease.
The longer the duration of the lease the cheaper the rent becomes, and vice versa. However, you should consider the business plan you have in mind whether you will be able to develop the business for that long or you will request for cancellation before your duration elapses.
Getting yourself a good office rent in Melbourne can be simple or very challenging depending on your approach. However, whether you are doing it yourself or with the help of an agent, it is wise to consider the above tips which will always turn out to be helpful in the long run.