Last month, we began a blog series discussing leasing vs. buying/building for churches, and this month, we will wrap it up. As you may recall, we covered the pros and cons of the decision, emphasizing the financial implications and long-term church goals. Now, we’ll cover the practical factors, including geographic location and maintenance considerations. Keep reading as Hearn Construction, Inc. dives in!

Lease Vs. Buying/Building for Churches Part II

Evaluate Potential Locations

Choosing the perfect location for your church can be daunting, especially when faced with many factors. One of the most critical considerations, however, is zoning laws. Before settling on a location, take a closer look at the zoning laws in the area to ensure that your business aligns with local regulations. Additionally, parking availability is another vital factor to take into account. Even if you find a beautiful space in the perfect location, guests may shy away if parking is tight. Other factors that may deserve your attention include accessibility and foot traffic. Evaluating potential locations thoroughly can differentiate between burgeoning and stagnant churches.

Assess Maintenance Requirements 

Regarding decisions, there’s nothing quite like a good old pros and cons list. Knowing what maintenance will be required for each option can help you make an informed choice. Your building requires maintenance either way -you just have to determine to what degree and frequency when considering buying an existing building versus building a new one. It’s worth assessing your options and figuring out what will be required. 

Buying/Building for Churches: Making the Decision 

Decision-making can be challenging, especially when leasing, buying, or building out a space. There are a lot of factors to consider, such as the location, the cost, and the duration of the commitment. Leasing may be more cost-effective, but you may not have as much control over the space or the ability to make changes. Buying/building out space may provide more flexibility but can also involve a significant financial investment. It’s crucial to weigh the pros and cons and consider your plans and goals before making a final decision. Remember, there’s no right or wrong answer – it depends on your situation and priorities.

Putting It All Together

As we have discussed, there are a lot of factors to consider when choosing whether to lease and renovate, buy, or build a church. You must carefully assess your financials and long-term goals before deciding. Additionally, you must evaluate potential locations based on zoning laws, parking availability, and other factors. Finally, you must understand the maintenance requirements associated with leasing or buying/building out church spaces to decide what will be best for your church in the long term. Ultimately, these considerations can save you time, expense, and stress by providing insight into which option will most likely meet your needs. 

Ready to move forward and start exploring all your options? Hearn Construction can help your church project in Indianapolis, Kokomo, and the surrounding area. Call (765) 452-2669 and request an estimate