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How to decide if to rent or buy commercial space As a successful homeâ€"based business owner, you may eventually need to decide if it‘s time to move into a commercial space. If so, new ofâ€" fices could give you a more professional presâ€" ence with room for both expansion and for hirâ€" ing employees. Your first decision will be whether to lease or purchase commercial space. In both cases start by carefully examining your cash flow. Many financial institutions offer cash flow calculators to help determine your business position. Although renting a property may allow you to free up more of your cash initially, do not forget that the lease amount may increase and take those payments out of your financial comfort zone. When considering a lease, find out if you will have to cover utility costs or other monthly fees for services such as cleaning and grounds maintenance or if they are rolledâ€"up into the monthly payments. To get a good deal on a lease agreement, you may need to sign up for several years. If you are leaning towards purchasing property, consider the following: + Maintenance. Are you ready to take on the additional responsibilities for maintenance, seâ€" curity and management that come with propâ€" erty ownership? * Time frame. If you do not expect to stay in Carighn mM“M REAL ESTATE SECTION wwws.insidehaliton.com/printeditions the building or in business for several years, buying might not be the thing to do right now. Take into account your closing costs; you do not want to lose money by selling and moving again too soon. + Growth. If you have to hire employees, will there be enough space? Do you need room for inventory or production? It may make sense to buy more space than you need and sublet it. Using a square footage calculator can help with this decision. It‘s a lot to think about so to get it right you may wish to work with an independent commercial real estate advisor who can help you set criteria for choosing the right building for your busiâ€" ness. To learn more about signing a commercial lease and about other resources for entrepreâ€" neurs that are freeâ€"ofâ€"charge, phone Canada Business Ontario (CBO) at 1â€"888â€"576â€"4444 / (TTY) 1â€"800â€"457â€"8466, or visit canadabusiness. ca online. CBO is a service provided through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). For further informaâ€" tion on FedDev Ontario programs and services, visit FedDevOntario.gc.ca or call toll free at 1â€"866â€"593â€"5505. www.newscanada.com Your Online REAL ESTATE MARKETPLACE Buying? Selling? Browsing? The Milton Canadian Champion Best Homes Real Estate section puts thousands of property listings at your fingertips. Our userâ€"friendly search tools make it easy to find exactly what you want, and helpful features make it easy to take the next step. d 4 y T € BROOKS | | 8 o N Wl L U| ‘ WLL Knowledgeable Service in | 19 | e 4 in 4 S www.carolbrookshomes.ca (\‘ d =0U [ i www.shopmiltonhomes.com Pa epsiny1 | 2g t ST] Sales Representative F1 T TCJc Using My LEGAL SKILLS To NEGOTIATE For YOU Voted Milton‘s Favourite Realtor 2014 www.SandyHatzis.ca STATELY CENTURY HOME IN OLD _ MILTON WIEWS OF MILL POND torey horne has beer isly re feaat it e un in WONDERFUL 3â€"BEDROOM MATTAMY “Powsufl DETACHED HOME WITH FINISHED BASEMENT ON ITS Way! estaural kel hog t parks, beautiful N e opportumity‘ MLS# 2093931 $969,000 MAIN FLOOR MASTER SUITE â€" _ PERFECT MULTIâ€"GENERATIONAL HOM h 1t es along the winding driveway to this d id backing onto beautiful woodlanc t 1 bedrooms) features open concept Iiving with with impressive a familyâ€"sized gour ervery and king the mass great roort h doors to the wrapâ€"around verandah hen has an abundance of cabinetry, large island, butler‘s n pantry, entertainer‘s size dining room, two offices (main floor and upper level) i floor master suite generous bedrooms with ensuité privileges. a professi nally fully r level ofters an additional 3100+ SF with separate entrance n and exercise room. The home has a beautiful wrapâ€"around verandah leading to the backyard retreat with sait water pool and water park style slide. Separate 3 car garag« and ofters additional loft space. ENJOY A COUNTRY LIFESTYLE AT ITS VERY FINEST! MLS #30506653 + $1,750,000 woduo3j2yapISsul‘mmm | NOIdWVHID NOLTW | QTOZ ‘gz LUenue;r A recreation room, bedroor REALTY & FINANCE INC., BROKERAGE Your investment, property, and business experts! AZIZALI KANJEE BROKER OF RECORD info@ipbrealty.com 905.842.0611 IPB REALTY & RNANCE INC. Very Friendly beach area. Ideal for the professional with discriminatory taste. Very Clean and well maintained property. Easy access to the QEW & 407. Home is a must see! $334,900 Very unique property. Over 1.5 of usable land. There is income of $3,900 a month. Storm and sewer are being put in on the street in 2016. Stately home w/ hardwood flooring, renovated bathroom, long drive way. 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