Real Estate Planning - Choosing Your Corporate Headquarters

"Open if and when we go out there, we're going to open the doors," tweeted 511 Tactical CEO John Ellement. He was talking about making real time local travel, to better serve current customers and prospects, but also to make them more actively engaged in their communities.

Of course, the obvious thing that comes to mind, is that office space is a major and in-demand commodity. It's probably one of the most essential elements of any real estate transaction. Indeed, the earlier you buy, the cheaper it is, but the later you get in your purchase, the more it will cost you.

Even with the research of a real estate agent, you can still have an accurate and fair estimate. Fortunately, it's something worth looking into. And then your question is, "Which price range do I really want to start with?"

When looking at this, think about your needs first, and then try to visualize a minimum price range that suits your needs. By identifying and understanding the exact needs of your company, you will be able to take steps to create a clear image of the value you can provide, based on the spending that you are prepared to commit. This could very well help you determine whether you can afford what is being offered.

So, once you have identified the needs of your business, you should consider how much you are prepared to spend on the purchase. If your buying power is low, it will be important to consider other options. Consider the growth of your business, or maybe the rising prices of various commodities that you use for your products or services. You don't want to fall behind in the market, so consider where you should aim to compete, and work hard to generate the best value for your dollars.

So, the next thing to consider is what location of the corporate headquarters is best suited for your operations? Will your need for electricity, data connectivity, or web hosting, be adequately met by a suburban location, or would you prefer a city center location?

The need for more physical space will be influenced by several factors, such as the nature of your organization, the number of employees that you have, your personal preferences, and also the size of your operation. The more personal you have, the larger your workforce will be, which means you'll need to find somewhere to house them, and also somewhere to put them.

Another thing to consider when thinking about this is how far away from your location would you like to be? For example, if you need to travel further to get there, is it a suburban location that you're after, or is it an urban location that has a greater population base, which is closer to your business?

When considering the next step, of course, is to look at the cost of such a facility, as well as the size of it, and how much it would cost to run it, and so forth. What would it cost to have a non-employee employee working there? What happens if the business experience an accident or become temporarily bankrupt, would the firm be able to quickly find the resources to address this issue?

Or what if the firm just needs to move its offices due to these financial pressures? How much would that be to start with? Would it be a new building or one to relocate the existing one?

Of course, with the use of the internet, you can do some basic research online to find these answers for yourself. It will take a little work, but in the end, it is worth it, especially when it's not in your best interest.

After all, the work of making 511 Tactical the world-wide leader in marketing, communication, and digital media is important to us, and the decisions that we make. whether we decide to live in the same building or, rather, in a different location, one that offers what we need. with less cost, less commute, less costs.