Saturday 31 December 2016

How to find the real agent for the real estate?













When it comes to buy a real estate agent then people are often found to go in the maze the potential agents are not found so easily. The main role of the agent comes, when we wish to invest our money in the real estate or when we want to buy an abode for our self.  

In the buyer’s market, the agents are the one who will be helpful to you. They will probably sacrifice the dinner with their families to show you the right properties after hours, they will also answer all your emails and calls and they even work for overtime to land a deal, because in this kind of market, the buyer have got plenty of other options to look forward.

It’s a bit different story in the seller’s market. I don't think that the agents need to drum up the interest. They are quite far or less and likely to reply to your emails, when asking about the alternative times to view a property and when they already have the five genuine offers above the original asking price.

So, in the present time, it’s quite hard for the people, to find out the real agent for the real estate work, as there are many but very few are there, who are trust worthy. So, friends, be careful before you head off for hiring any agent. Make full query regarding the agent and the agency, when you decide to hire somebody.


Saturday 24 December 2016

The statergies that ne beginer should have in the real estate
















As I have talked about money making in property I would definitely say that there are number of ways that can aid you to make money in the property. Unfortunately, there are the equally number of ways that may cause you to lose your cash. The key of the whole story is to understand the different investment strategies before you move ahead in it.
First and the most prompt thing is to go for choosing the right property strategy that can be overwhelming, especially this situation comes when you’re just initiating out and talking to the different experts.
The Capital growth strategy is the most prominent point-
A capital growth strategy, is story in the nutshell, which means that buying a property with the expectation, that it will increase its value over a period of time.
It’s very big strategy, where you actually go for focusing on getting the maximum capital growth and making that as your foremost priority.
“The capital growth strategy involves minimum effort after purchase,” Jeremy Sheppard said.
“The time-consuming part is the research. You want to find those markets that are ready to experience high growth right now and hopefully well into the future too.”
Before moving for any deal, your first and most important point should be that how your priorities are there and how you could make the strategy.

Sunday 18 December 2016

What is perfect for your investment in the current time?








I have a very good offer for you all if you are looking for an investment. There is a house that priced $1.6 million to $1.7 million but its worthing enough. The house is so beautifully decorated that one will just wish to invest in the property. Let me share some glimpses of it.
THE HOME- it is mainly set on the very high side of a tree-lined street, which enhances its aristocracy and make it look more beautiful. This property is comprises of a main residence and with that a self-contained granny flat, which is with the separate entry. Both of these things have multiple living areas and are just set amongst the established gardens with an option of the outdoor entertaining spaces which is large enough. Both of things have that very easy access to a fully and good enclosed saltwater swimming pool that can give you immense pleasure, and it is located in a secure courtyard setting. The several other outdoor patios render the additional outdoor entertaining choices to you.
The time Inspection: Saturday, 12-12.30pm
If you are interested in such kind of house or in this house so, just hurry up and you must contact to the agent NNW Property Epping. They can aid you in this part for buying it. So, it’s the perfect time to invest in a profitable building, so, just go grab the opportunity.

Saturday 10 December 2016

Can you believe it! There is an IT work










There is an IT worker named Andrew Hew, who is all set to join an exclusive club.

He is right now waiting for the day his under constructed home in the Potts Hill to be completed in the month January and then he’ll be one of the only a handful of Sydneysiders, who indeed owns more than 10 homes , but there is only a one key difference and i.e. he earns a very fairly typical salary. The Homebush resident that he has, built up his collection of the 11 properties, which actually includes his residence, with the minimal cash and no inside knowledge of the construction. His investments span in the Western Sydney, the Central Coast, regional NSW and Queensland and the 10 of his homes were just purchased, after the housing boom began in 2012. Now, that’s called the smart work.

His each purchase has been guided by the genius buying tactics. “Mr Hew buys only in suburbs where he can nab deals for under their market value and where rents can cover most of mortgage costs.”

“Buying property this way, I actually increased my income with each purchase so the banks were able to keep issuing me loans,” Mr Hew told.

 “I don’t even look at the properties I buy,” he told. “You have to do things without emotion.” He added.

One of the most common mistakes most of the buyers make, when they are investing in property is that they do buy homes only in the areas, where they’d personally want to live in, Mr Hew explained the thought.

Probably, he didn’t follow anybody but his own mind, that’s why he is owing that many houses.

Friday 2 December 2016

Market Shakeout in Brisbane








It's a similar story in Brisbane where apartment prices are forecast to fall by as much as 4 per cent. "A national apartment building boom, which has been part of the rebalancing act, is likely to deliver some oversupply in the Melbourne and Brisbane apartment markets, which is expected to see apartment price falls in these markets" HSBC chief economist Paul Bloxham wrote on Friday. "A modest shakeout in the inner-city apartment markets in Brisbane and Melbourne, as we are forecasting, is not expected to have a broad-based impact on the overall housing market or economy. "Nationally, housing price growth is expected to slow to between 2 per cent and5 per cent in 2017, as tighter lending criteria and strong apartment supply combine to cool the market, according to HSBC.A third factor is the mix is a slowing demand from offshore buyers, who have galvanized parts of the housing market in recent years. The outlook for Sydney prices is a little stronger, with growth of 4 per cent to 6 per cent forecast. Meanwhile, in the commercial property sector, price growth has also been buoyed by low global and local interest rates. "The rise in commercial property prices has significantly outpaced rents, pushing yields lower, and driving them to converge towards global commercial property yields, which are still lower than those in Australia,"

Friday 25 November 2016

What lies ahead in Australia?











Are you willing to buy a house in Australia or wants to invest in property or you are thinking in future. Buying a house in Australia is not a big deal unless you are having heavy pockets currently, the property market in Australia is favorable but how it will react in few coming years or in 2020? What lies ahead for the property market? Buying in New South Wales, News Queensland, South Australia, Tasmania, and Victoria, Western Australia.

Almost anyone who owns real estate would give their second garage to know what will happen to prices in the prices in the future. Will they go up and if, so, by how much? Where will this happen, and when? What is the house and unit price outlook across Australia in 2020?

To give our Crystal Ball a solid foundation, statistical snapshot of prices and sales in all capital cities in February 2010. The data comprehended the comparative sale numbers and median sale prices from February 2014. Hopefully, this four-year snapshot will reveal trends that help us to forecast what lies ahead for Australia’s capital city housing markets. Well the reason we have seen such strong growth in Sydney and not in other markets is more because of overseas migration to Sydney, which has been fairly strong because of its job opportunities, because New South Wales migration away has been low since 2010 and also because there is shortfall in housing.    



 


Friday 18 November 2016

Property Demand Hits Record Level in Australia












"Demand for property in Australia is now at fever pitch, with rates continuing to reach record levels, further supporting house price growth". " While some experts were uncertain over whether a Trump win would see a rise in interest in Australian real estate internationally, Ms. Conisbee said Australia was considered a "safe haven".

The Index showed a 27.5 percent surge in Australian property demand over the year, with Queensland registering a 27.4 per cent rise. In the past month, alone demand for Queensland properties rose 7.3 percent overall, with both houses and units rising equally. LJ Hooker head of research Mathew Tiller said a Trump victory was positive for Australia as it made "investment here more attractive for large foreign developers and institutions as well as high net worth private buyers looking to purchase the residential property".

Property values in the US are likely to fall in the same way they did following Brexit. In uncertain markets, people don't like to buy. People in the US are likely to look to safe haven markets – Australia will be a beneficiary of this as it is considered to be one of the safest markets in the world,"
Therefore, it's a good time for smart investment as reckless and ignored investment can trap you but the your conscious mind can help you to invest smartly. Although, it is still not clear, what would be Trumph's tactics for his and other countries but one thing is very definite that his theories will infect the whole system of real estate.

Friday 11 November 2016

Real Estate








Real estate is funny. Historically, it's been one of the best ways to build wealth, yet it scares the pants off most people. Everyone has an uncle or cousin who "lost big" in one of the real-estate crashes, yet admit it: A part of you still wants to invest.

This index seeks to determine which of the 50 most populous U.S. metro markets were most likely to have provided strong returns for residential real-estate investors between early 2014 and early 2015. This index measures both appreciation and gross rents as a percentage of average purchase prices.

Within the dates studied by the index, let's look at the 10 biggest real estate winners.



1. Dallas

Dallas tops the list of real-estate markets over the period studied, exhibiting strong price appreciation, while remaining a market in which investors saw strong rents relative to property values. Investors in Dallas stood to earn an almost 20 percent unleveraged return for residential real-estate investments before expenses.



2. Denver

Falling closely behind Dallas, Denver takes the number-two spot, driven largely by the strongest appreciation in home values of any major market studied over the period. Residential real-estate prices increased a staggering 13.4 percent year over year across the Denver metro region.



3. Miami

Miami is one of three Florida markets on the top ten list, boasting an impressive 18.6 percent year-over-year return for investors.



4. Houston

Houston is the most populous city in the top 10 list, with more than 2.2 million residents. Investors on average saw a gross return of 18.5 percent over the past year.



5. Atlanta

Investors in the Atlanta market saw a 16.4 percent return over the past year, led by almost even gains in cash flow and appreciation.



6. Tampa, Fla.

Tampa Fla, probably best known for its football team, made the number six spot on our index, led by strong cash flow. Like its neighbor Atlanta, investors in Tampa saw a 16.4 percent return.



7. Detroit

Detroit has had an interesting real-estate past, and it's still possible to buy real estate for less than the cost of a used car. However, Detroit is also clearly climbing its way out of the pit, emerging as number seven on the list for overall return for investors, sporting a cool 16.2 percent return.

Sunday 6 November 2016

HOUSING BOOM REMARKING AUSTRALIA'S SOCIAL CLASS STRUCTURE

 
The persistent housing boom in Australia’s cities, especially Melbourne and Sydney, is often framed as an intergenerational clash in which younger generations are being priced out of the market by baby boomers. However, sociological theories of social class suggest parents’ wealth and social status will ultimately be passed onto their children anyway.
So, by focusing on intergenerational inequalities that will sooner or later be reversed, we are framing the housing affordability question the wrong way. At the same time, the impact of the housing boom is so deep that some long-established thoughts about social class may be no longer relevant.
The housing boom has blurred on hand boundaries between upper, middle and lower classes that applied to the baby boomers and previous generations. New social class boundaries and formations are being produced.
·        In the industrial city, the term “working class” was distinct from the experiences of low-income workers in manufacturing jobs. Yet in a post-industrial Australian city it makes more sense to talk about the “renting class”. Not all renters are deprived, and not all poor households are private renters. However, the correlation between the two is important and strengthening. The percentage of private renters in the total population is slowly but surely increasing – from 20.3% in 1981 to 23.4% in 2011.

·        More than just a status symbol, home ownership has become ever more central to the way most Australians accumulate wealth. About half of the homeowner's wealth is held in their own home. Each housing boom enriches them additional through tax-free capital gain on their homes.

·        The housing boom also generates work in the construction industry, which is the third-largest employer in Australia with more than one million workers. These are no longer working-class occupations, with most skillful jobs paying average weekly earnings of close to A$1,500. So, it is arguably the home-owner class that benefits most from each construction boom.

·        The housing elite is satisfied by the housing boom well beyond the capital gain on their own homes. Much of the enormous wealth of Australia’s elite is generated through the housing market – through investment, construction and financing of housing.
The deepening fusion between Australia’s housing system and its social class system creates a dangerous sequence. The further house prices grow, the more significant housing becomes as a determinant of social class. And when social class is ever more defined by the housing, people are willing to bid even higher to enter home ownership or the housing elite.




GOVERNMENT'S RESPONSIBILITIES FOR AUSTRALIANS RIGHT NOW

 
Local governments have both direct and indirect impacts in the terms of affordable housing. Direct involvement refers to the authentic provision of housing by local governments acting individually or in partnership with others. Indirect involvement refers to the role that local governments play in facilitating the provision of housing by others.
There is no obligation to meet international obligations within State and Territory legislation. Australian sub-national jurisdictions are not vital to house all their citizens adequately. Most Australian households are well housed but we have a growing shortfall of reasonably priced and available housing for our lowest income households, estimated by the National Housing Supply Council as 539,000 properties. This creates a big level of housing stress for low earnings households. The earlier Rudd and Gillard governments developed a new National Affordable Housing Agreement which was broader in scope but retained a narrow focus on welfare housing and did not address historic concerns over transparency and accountability and which does not deliver sufficient funding to States and Territories to address the long-term supply shortfall. They did however provide momentous additional funding in the areas of social housing provision, a new National Rental Affordability Scheme and new national partnership agreements on homelessness and remote Indigenous housing.

Against the backdrop of growing house prices since the mid-1990s, there has been important public debate around issues associated with housing affordability. In 2003 the Australian Government requested that the Productivity Commission undertake a query into First Home Ownership. ALGA's submission to the Inquiry clearly articulates local government's role in housing and its impact on residential building and development. The Commission's report (PDF) was published in March 2004.

At its meeting on 13, February 2004 Local Government and Planning Ministers met with members of the Housing Ministers' Conference. At this meeting, it was decided that housing affordability is a major national issue. Ministers agreed that local government and planning portfolios are vital stakeholders and partners in the development of affordable housing policies at Australian Government, State and Territory, and local government levels, and in the implementation of affordable housing projects. Alignment of strategic and policy development processes between the local government, planning, and housing portfolios would produce greater outcomes than an action by personage portfolios. To this end, Local Government and Planning Ministers agreed to again meet with Housing Ministers following the conclusion of the National Affordable Housing Project and the completion of the final report of the Productivity Commission.



Buy and Sell in South Australia





We can see the new overseas market for prime South Australia produce as a major spur to future real estate market. The Kemp real estate principal and joint winner of RIESA valuable Sir Robert Torrens award says buyers and sellers had several reasons to feel confident in South Australia market.

South Australia has some fantastic opportunities to grow and produce exports. There is a jobs spin off from such contracts, which goes straight into the real estate market .These are being driven mainly by seafood, our wines and dairy products. Ironically South Australia, naval and submarine contracts is also the reason to feel confident about the property market. Those contracts are going to fill some big holes in the economy for years to come as far as jobs go, the benefits will flow on directly into the real estate market and industry.

The lifestyle is attractive and will remain a key in a buoyant. It is one of the greatest places to live anywhere in Australia and probably the world , the future prospect of lifestyle is going to become even more important with aging populations ,especially in regard to retiree and aged housing demand .In few years down the line, agents may become a one-stop shop for property . 


Saturday 22 October 2016

ABOUT REAL ESTATE BUBBLE


A housing bubble is a run-up in housing prices fueled by demand, speculation, and exuberance. Housing bubbles generally start with an increase in demand, in the face of inadequate supply which takes a relatively long period of time to replenish and amplify. Speculators enter the souk, further driving demand. At some point, demand decreases or stagnates at the same time supply increases, resulting in a sharp drop in prices — and the bubble bursts.



Conventionally, housing markets are not as prone to bubbles as other financial markets due to the large transaction and carrying costs related to owning a house. However, an amalgamation of very low-interest rates and a loosening of credit underwriting standards can bring borrowers into the market, fueling demand. A rise in interest rates and a contraction of credit standards can lessen demand, causing the housing bubble to burst.

Adjustable-rate mortgages began resetting at higher rates as cryptogram that the economy was slowing emerged in 2007. With housing prices teetering at lofty levels, the risk factor was too high for investors, who then stopped buying houses. When it became evident to home buyers that home values could actually go down, housing prices began to plummet, triggering an enormous sell-off in mortgage-backed securities. Housing prices would eventually turn down more than 40% in some regions of the country, and mass mortgage defaults would lead to millions of foreclosures over the next few years.

The questions of whether real estate bubbles can be identified and prevented, and whether they have broader economic significance are answered differently by schools of economic thought. The financial crisis of 2007–08 was related to the bursting of real estate bubbles which had begun during the 2000s around the world.

Economic bubble characterized by quickly increasing property values until they outperform other elements of the economy and then is followed by a decline in the property value.

Friday 14 October 2016

THREAT TO BANKS DUE TO AUSTRALIAN COMMERCIAL REAL ESTATE

"Relative to other parts of the globe, we've been more cautious on Australian bank risk, particularly giving the reliance of Australian banks on foreign funding," said Mr. Shah. 
The economic slowdown in China, along with a crackdown on foreign investors has emerged as one of the factor that has undermined the residential property market.
 According to the research note, there is a growing likelihood of an eventual house price "correction" – which means a fall of 10 per cent from peak levels – because of "imbalances" in the market which include the dominant role of investors and pressures on affordability.
Analysts Ilya Serov, Patrick Winsbury and Stephen Long argue that although banks' balance sheets are strong yet several statistics show these "imbalances" are deepening, making a correction more likely.
In particular, they highlight the fact that some households are spending a greater share of their incomes on their home loans, even when interest rates have fallen.

The recent data says that total housing debt has reached a record high of 140 per cent of disposable household income.
Australia is going through a period of sustained house price appreciation and an increase in household debt. These trends pose a threat to Australian banks because they increase the risk of the correction in the housing market.
This increased supply and tighter financial availability raises the risk of non-settlement, and could expose residential property developers to elevated levels of financial risk. Moreover, it could depress overall market sentiment and put downward pressure on general house prices.”

The hustle-bustle in the housing market are also relevant in considering risks in commercial property markets. This area of Australian business activity has strengthened over the past years, unlike most other parts of the business sector. Australian commercial property has allured strong investor demand, both domestic and foreign.  Any significant reversal of this demand could expose the market to a sharp repricing. At this stage, however, the broader risks to financial stability from this source remain modest, because banks’ commercial property exposures are a smaller share of banks’ total assets than prior to the crisis.


Tuesday 4 October 2016

Australian Apartment Correction: Not Just a Price Hike

Australian Apartment Correction: Not Just a Price Hike
The so-called “correction” in the prices in Australian apartments is going to be more than a bad news for Australian Real Estate. If the sources are to be believed, this “correction” is about to heavily decrease the prices for homes in Australia. In addition to this, experts are also predicting a nationwide recession due to the issue. The Australian housing cycle has reached its peak and thus, household debt is certain to extend the property bubble of the country.
Shifting of big banks to have the lending standards tighten is considered the prime reason behind this. For the cheap apartments, this will certainly be a blow. But it is inevitable to spread and lead the defaults for the other smaller developers dropping the construction considerably.
Some dangerous consequences to the current situation are being foreseen by the experts. According to them falling of prices in almost all the areas may lead the country to recession. Almost all the big banks seem to share their concerns on the topic. Right now the scenario is that the debt for a household is overextending Australia’s real estate bubble. Moreover, foreign money’s intervention is also having some adverse consequences on the housing market. According to many big banks in Australia, many developments in Australian Real Estate market are being funded by some offshore banks while money from them has almost come to a halt.
Since last year the prices have increased by almost 7 percent which is a point of concern. For more information on the topic and other Real Estate issues, follow us.


Monday 26 September 2016

5 Things to Take Care of while Relocating

During shifting it is more than throwing your things into boxes and loading a truck, it needs careful planning, strategizing, and budgeting.Some of these relocations may be less than optimal.



Avoid these five common relocation mistakes:

·       Not Planning a Packing Strategy -Make a list of the stuff you require before you pack. Buy boxes from any office supply store or they may be available for free at a wholesaler stores if you ask nicely.Other packaging necessities include hand trucks, plastic totes, ratchet straps, packing tape, and bubble wrap.

·       Not visiting enough beforehand – Do not think you fully understood the city in just one visit. If possible, go several times to get a more detailed idea or hire a real estate agent to know about the city's economic structure and culture.

·       Failing to prepare your home for a move in -Has your electrical utilities,water, and heat been turned on? Did you change your address? Do a walkthrough of the new house before shifting your belongings.

·       Not understanding the merit of valuation - Certain moving companies provide protection in the form of valuation, in which the company assumes some level of liability in the case of damaged goods or accident. Valuation is not similar to insurance, therefore not enforced by state laws.

·       Forgetting to pack an overnight bag -The value of packing an overnight bag ensures that you have the important stuff you need when you arrive at your new house else you will be poking into boxes to find clean clothing and toothpaste.


Accrued property lists out the above mistakes and helps you in the shifting process.

Sunday 18 September 2016

5 tips for choosing a builder


The ample majority of builders are both capable and professional, and you are able to do a great deal to avert bad experiences through the paths you choose and communicate with them.
The following 5 tips as given by Accrue Real estate will help you select the suitable builder:

·       Define your needs – Not many builders construct opener properties for 1st-time buyers and also multi-million dollar properties for moneyed  custom property buyers. The trade contractors,building materials, and even the building process itself can vary greatly by kind and cost of the home.

·       Not all homes are created equal–Do not let builders awe you with the cheapest appraisal they can hold in front of you. When searching around, ensure you are doing as direct a comparison as possible.

·       Are earlier property buyers satisfied? - Some builders offer customer references and referrals. A few valuable questions to be asked: Will you buy another house from this builder? Or recommend them to close family or friends? And do not fail to ask for the basic reasons why an early property buyer will or will not recommend a builder.

·       Builder promotions–Look out for builder promotions giving great discounts and bonus formations. Remember, if it sounds like too good to be true, it frequently is. Search for real value.

·       Energy efficiency -A new house should appropriately exceed or meet the 6-star minimal energy efficiency ratings.Be considerate of builders who charge you extra only to meet the minimal standard.

So here is why it is worth laying the base for a healthy relationship with your builder and how to do it nicely.

Wednesday 14 September 2016

​ 5 tips for being a standout real estate agent


 Real estate is one of the highest grossing industries in the world with billions of dollars changing hands each year. Accrue real estate with its years of experience in the field finally opens up to tell what makes and breaks a real estate agent's career.


1. Polish your local knowledge

 A real estate agent isn’t just a person with a successful track record. In fact, a stand out agent is well versed with his local domain. To gain a competitive advantage, ensure that you polish your local knowledge keep it updated.


2. Be attentive and organized

Real estate agents are marked by their keen eye for detail this quality is essential to cultivate for only then will you be aware of what is needed to be done to attract buyers to the property. Focusing on detail and taking the best photographs and keeping an organized set of information will help you keep information on your fingertips and eventually helping you to be more productive and prompt when dealing with your clients.


3. Be persistent

Tenacity is the quality on which an agent must have. It emphasizes your never-say-die attitude shows your clients that you’re consistently working hard and won’t give up until the job is done.


4. Use the Internet
The first step for making a reputation is an internet presence. Simply get a website. This adds brownie points to your basket when a potential buyer sifts through the internet. Even your domain and email separates you from others.
Use a lot of media on your website. Keep it updated and keep a chart of your listings. Also, integrate it with your other social media. Use a blog as the portal to showcase your knowledge and achievement and share it through other social networks.

5. Passion with a tad bit of aggression
A real estate agent is always polite, full of praises and passionate. Add a little aggression and there you have it, the perfect mix to show your ambition. It portrays you as a hard worker to a fault.


Real estate is a tough nut to crack and correct guidance can lead to the golden steps to success irrespective of your experience and expertise.







Thursday 8 September 2016

Perfect time to invest in Non-Traditional Property

Perfect time to invest in Non-Traditional Property
Glancing at the market reviews and current affairs, it has become clear to invest in the non-traditional property, with sound investing strategies. Simply if you put a house, in Australia it sounds expensive; it is not easy for everyone to spend cash on the property. Hence, only the cash-rich investors are the ones with the traditional finance bank. On the other hand, the aspiring homebuyer’s investors are in a dire situation to get easy home loans.

In order to invest in the property, you must have a creative approach to investing the amount required to get the best benefit out of it. It’s never about the price, but how you are using it matters a lot.
Houses in Italy are stabilising at a fast pace, thus a showering of investors who are willing to invest in non –traditional properties are crowding over Italy. The Italian market has become very accessible to the commoners of Italy and overseas. There are numerous good value estates for sale available at this moment, especially in the areas of traditionally prevalent widespread depositors who are thriving for getting the best place in reasonable prices.
For the bargain hunters, it is evident that the large cities generate further income from renting it out. Of course, nothing is certain in the current market movement with real estates, the waves of investing in the entire peninsula are actively noticed.

It is undoubtedly a better way of life to live in a favourable place in a favourable situation with a comfort zone surrounding you.

Saturday 27 August 2016

Own or Lease the office space?

Own or Lease the office space?
Many small business owners can only manage to lease office space when they are just beginning and that rent often dominates a large portion of their monthly budget. Nonetheless, money is not the only reason to choose to rent over owning.

Why is leasing advantageous?
·       No down payment needed – Generally, you need a down payment to purchase a property, which drains a big portion out of your cash reserves. Leasing let you invest this capital in expanding your business and keep the option of purchasing open for later when your economy is stable.
·       Repairs are handled by property management - When you lease space if the AC breaks, you will just have to call the property manager and wait for someone to repair it. On the other hand, if you own that space, you will have to spend thousands of dollars on repairs each time something big fails.
·       You have short-term choices – While your business grows, it may extend out of its space. By signing a lease of 1-5 years, you will have the option to move to a new spot as per your needs. Leasing also provides you the opportunity to try an area or town to determine whether it is a convenient place for your staffs and clients.
Some ownership risks are:
·       Ownership of real estate needs real estate expertise, resources, and time.
·       It is less flexible than leasing in contraction and growth.
·       The possible loss in asset value.
·       Interest and economic rate risk.
·       The risk associated with transportation issues, neighbourhood quality and demographics.

You should consult with a real estate adviser or a tax professional, to see what fits you best; owning or renting.