Scottsdale Area Real Estate Hub For Office Condo Conversions

Scottsdale, Arizona has become a hub for office condo conversions. An office condo conversion is in reality real estate in an office building that is purchased by the owner of the business who wishes to work from there. They are usually purchased by small to mid-sized business owners who wish to take advantage of being their own landlord. Office condo conversions are popular with small business owners who need a specific amount of space. Some professionals who would be interested in this type of property are doctors, dentists, chiropractors, hairdressers, lawyers, accountants, real estate agents and the list goes on.

What Are The Benefits Of Buying A Scottsdale Office Condo Conversion?

Buying an office condo conversion has many benefits over leasing for the small business owner. Many condos can be purchased with as little as a 10% down payment. With the low interests rates these days, the mortgage payment can in fact be lower than the rent you would otherwise pay. Since you would be your own landlord, there is no danger of a rent increase, and each month you are making an investment in your property that will only increase over time. You can also personalize your space any way you want, as it is your space, you own it.

What Type Of Scottdale Property Is Available?

Most of the office condo conversions in the area are of single or two-story buildings. These are still a favorite as there are less common areas in this type of building and the units are therefore cheaper. In some of the newer conversions of mid and high-rise buildings, there are more common areas and therefore the price goes up accordingly. Remember that high-rise units offer great views and much privacy, but that the lower garden units have greater accessibility for your clients and your business would be more visible. It is all a matter of you deciding which style is right for your business.