Key Questions Before Purchasing Land for Your Dental Office
Posted by HJT Design
If you are interested in purchasing land to build a dental office all your own, you may be curious about which factors will be most important in making that decision.
Buying land is a worthwhile endeavor for any dentist who wants to redesign their dental office without the limitations of a preexisting building or a lease agreement. Purchasing land allows you the freedom and to not only expand your own practice, but to earn returns on other businesses as well. In other words, if you want full control over the look and design of your business purchasing land is the ideal place to start.
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Why Are You Buying?
Despite the obstacles of finding and financing land, purchasing does give you complete control over the buildout of your practice, and presents a huge opportunity for future returns if you are able to lease a portion of your space to other practices or businesses.
If you plan things out just right, it is possible for you to own the land and building that your practice operates in while having other renters foot the majority of the bill. Buying land comes with its own set of unique issues, certainly, but also its own rewards.
Is This The Best Location Today and Tomorrow?
Purchasing land for a dental office means committing to a permanent location. It is important to be cognizant of the environment around you, and the changing atmosphere of the town and housing developments nearest your location. By purchasing land you are setting yourself up to compete against any new shopping strips or other buildings that develop in the area.
On the other hand, if you get in early, you can help shape the type of competition you are facing by building in a way that makes your dental office a prominent feature of the community. Keeping in mind major roadways and traffic patterns will help you determine which locations are best suited for your new building. Building near locations like banks, gas stations and grocery stores can help bring in additional foot traffic and increase your businesses’ visibility.
Are You Building For Just Yourself or For More?
If you’re going to construct your dental office from the ground up you’ll need to decide on its scale early one. Over-building can add unnecessary expense to your project. On the other hand, giving yourself wiggle room to expand your practice should demand call of it is extremely important. Basically, you’ll want to work in tandem with your contactor to ensure that your project is big enough to allow for expansion without being unnecessarily expansive from the start.
Once you have decided to buy your land you will want to take some time to consult with other dental practitioners who have successfully built their own dental offices from the ground up.
Do Your Research
Make sure you do plenty of research into the costs associated with building, and what you can expect to pay for land in your area. Purchasing land is the first step down the path toward total independence for your dental office, so make sure you have as much information as possible before you begin.
Take the time to prepare and you’ll be well on your way to owning and operating the dental office you’ve always wanted.
Regardless of the magnitude and complexity of your project, our staff of experienced professionals are poised and ready to help navigate you through the process and fulfill your specific needs. If you’re not too sure where or how to start with the process, contact HJT to schedule a free consultation for answers and knowledge to prepare and empower you in moving forward with confidence.