There are several advantages to owning a warehouse, regardless of whether you own a long-standing company trying to renovate or a young one hoping to grow. If you are new to warehouses or are likely your first time viewing them, especially eyeing a warehouse for rent Suvarnabhumi (โกดังให้เช่า สุวรรณภูมิ, this is the term in Thai), you will need to carefully decide how you will approach the situation.
Tax deductions – A great advantage for every business owner
We all have to deal with taxes, whether we like it or not, but deciding on factory rental or warehouse rental can help ease the burden. In actuality, a lot of business owners are unaware of the significant tax advantages that renting can provide. It is worthwhile to look into this further because it is a completely tax-deductible expense. Naturally, the depreciation charges of the structure are the only way to record your expenses while purchasing or owning real estate. This and a few other expenses, including buying land or filling it in, cannot be included in business expenses; hence, not tax deductible.
More freedom to relocate and grow
A few years from now, your factory or warehouse might not be able to accommodate your expanding firm. You’ll be in a less ideal position if you are the owner of the property because you’ll have to locate a new buyer and deal with a lot of red tape and laws. However, renting a factory or warehouse gives you much more freedom in managing future expansions, enabling you to adapt to shifting demands as they materialize.
Lots of options and diversity
You can choose from a large number of existing locations, each with unique strategic advantages, if you are renting a factory or warehouse. Similar to this, a factory or warehouse that has already been built can work for you, or it could be modified to fit your demands by adding extra fixtures and installing new equipment.
Reduced paperwork and red tape
Renting an existing pre-made facility will save you from all the pertinent works such as registration, building permits, and red tape that come with building your own factory or warehouse. Renting is most likely the more convenient choice if you’d rather not have to deal with installing services like electricity, plumbing, and water. Instead of dealing with the bureaucracy that comes with starting from scratch, you may focus your time and mental energy on just getting started.
And there it is! Having your own factory or warehouse has its advantages, no doubt, but in the end, renting from a well-known and respected business may save you a ton of time, money, and effort. It all just boils down to doing your search thoroughly so you will be able to choose a warehouse or rental property that perfectly suits your business’ needs, budget, and preferences. There are many rental properties out there, but not all of them are the same. Hence, the more vital it is to do your research well so you will be able to find the perfect match.
