Whether you matriculated through a medical school or a doctoral program in psychology like myself, I am sure most of us received exceptional academic training to be a practitioner. Yet, the knowledge and skills required to develop and sustain a successful medical practice were likely not a primary emphasis in your training. One of the most important decisions by medical professionals who are also business owners involves the ability to identify and sustain an office location. This decision can ultimately help a business to thrive or it can lead to the demise of the business.

When seeking your first office location or if you have been in practice for a while and now contemplating expansion, one important consideration for making the choice to either lease or buy a property is to determine if you will be able to make a down payment of at least 20%-35% of the purchase price. If this is not the case, then a lease may be a more viable option. Other pertinent considerations for an office building include: size, location, budget, image/quality of building, contract/lease terms, parking spaces, etc.

When making such an important decision, consider using a real estate professional who specializes in healthcare real estate, such as myself. I look forward to the opportunity to service you! For more information: Contact: Dr. Melonie Hill at 678-249-0276 or email drhill@officebuildingbrokers.com.