{"id":2254,"date":"2019-03-06T12:54:24","date_gmt":"2019-03-06T17:54:24","guid":{"rendered":"http:\/\/www.atyourbusiness.com\/blog\/?p=2254"},"modified":"2019-03-06T12:55:34","modified_gmt":"2019-03-06T17:55:34","slug":"the-doctors-in-5-crucial-steps-to-take-before-you-buy-office-space-for-your-new-medical-practice","status":"publish","type":"post","link":"https:\/\/www.atyourbusiness.com\/blog\/the-doctors-in-5-crucial-steps-to-take-before-you-buy-office-space-for-your-new-medical-practice\/","title":{"rendered":"The Doctor’s In: 5 Crucial Steps to Take Before You Buy Office Space for Your New Medical Practice"},"content":{"rendered":"\n

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Are you thinking about opening up your own private medical practice or clinic?<\/p>\n\n\n\n

It doesn\u2019t matter if you\u2019re a brand new physician or you\u2019ve been working under the wing of another doctor. When it\u2019s time to branch out on your own, there are a few things you\u2019ll need to know.<\/p>\n\n\n\n

For example, if you plan to buy office space, how do you know that\u2019s the right move for your new practice?<\/p>\n\n\n\n

Read on to find out what you need to know about buying office space for your new practice.<\/p>\n\n\n\n\n\n

1. Buying vs. Leasing<\/h2>\n\n\n\n

Buying office space can have a number of advantages over leasing. The first is that you have complete control over the property. You don\u2019t have a landlord to deal with and you\u2019re not constrained by the terms of the lease.<\/p>\n\n\n\n

You also have a property that can appreciate in value down the road. If you decide to sell your practice, you can do that and keep the property. That\u2019s a form of passive income that you can generate every month.<\/p>\n\n\n\n

2. Location, Location, Location<\/h2>\n\n\n\n

The location of your property is going to be the most important part<\/a> of your business. You want to make sure that it\u2019s in an area where it\u2019s not too expensive to buy office space, and it is a growing area.<\/p>\n\n\n\n

People are going to go to a doctor near them, so you want to make sure that you\u2019re in a well-populated area.<\/p>\n\n\n\n

3. Evaluate Every Part of the Property<\/h2>\n\n\n\n

You want every part of your office space to be perfect. The right location, the right price, and the potential for growth are important.<\/p>\n\n\n\n

You want to evaluate the property form the patient perspective, too. Ensure that there\u2019s enough parking, and the office space is easily accessible for your patients who may be in wheelchairs or require special assistance.<\/p>\n\n\n\n

4. Assemble the Right Team<\/h2>\n\n\n\n

You may be an expert in medicine, but you\u2019re not an expert in real estate or taxes. You\u2019ll need to be surrounded by the best team possible that can help guide you through your .<\/p>\n\n\n\n

That includes a business and tax attorney and a real estate company that specializes in commercial real estate. There are companies like Practice Real Estate Group<\/a>, which work with doctors to help them pick a location and buy office space.<\/p>\n\n\n\n

5. Make the Offer & Finalize the Purchase<\/h2>\n\n\n\n

When you have all the advice you need from your team, and the best location picked out, it\u2019s time for an offer.<\/p>\n\n\n\n

Your real estate agent will put the offer together and if it\u2019s accepted, it\u2019s time to celebrate.<\/p>\n\n\n\n

Buy Office Space for Your New Practice<\/h2>\n\n\n\n

It\u2019s an exciting time t start a new practice. It\u2019s also terrifying because you\u2019re putting your financial future at risk.<\/p>\n\n\n\n

When you buy office space, you\u2019re making a smart investment in your practice. You\u2019re essentially ensuring that you have an investment to fall back on if your practice doesn\u2019t work out. Just make sure that you have the right team assembled to advise you.<\/p>\n\n\n\n

Would you like more tips to help you start your practice? Learn how you can protect yourself from .<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you thinking about opening up your own private medical practice or clinic? It doesn\u2019t matter if you\u2019re a brand new physician or you\u2019ve been working under the wing of another doctor. When it\u2019s time to branch out on your own, there are a few things you\u2019ll need to know. For example, if you plan […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,14],"tags":[],"_links":{"self":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/2254"}],"collection":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/comments?post=2254"}],"version-history":[{"count":1,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/2254\/revisions"}],"predecessor-version":[{"id":2256,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/2254\/revisions\/2256"}],"wp:attachment":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/media?parent=2254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/categories?post=2254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/tags?post=2254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}