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Handy tips to reduce your property costs

July 17th 2012 

Patrick Elliott, Instant's CEO, has this week outlined in Estates Gazette a few handy tips to avoid putting capital into a property deal. Particularly with the current economic climate reducing property liabilities is a must, and with a rethink on strategy most companies can make significant savings.

To begin with, an accurate evaluation needs to be made of the type and size of working environments needed - and how long a commitment is really necessary. If possible, avoid hefty capex - the capital expenditure associated with first moving into a premises. This can be significantly reduced by outsourcing to a third party. Serviced offices and Managed offices do just that.

By pursuing either of these options you will:

>Avoid conventional leases
>Avoid upfront costs like surveys, furnishings etc.
>Avoid unpredictable dilapidation costs
>And you will spread your costs over the length of the term evenly

Where costs compare between in-house and outsourced solutions, why have the hassle and risk of doing it yourself?

If you would like to discuss how a Managed office solution may benefit your company or organisation, please contact Adrian Love: Alove@instantoffices.com / +44 (0)20 7298 0637. If you would like to discuss incorporating serviced office solutions into your property portfolio, then please call Ashley Thorpe: athorpe@instantoffices.com / +44 (0)20 7298 0686.


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