Course: Getting strategic with cash flow
Part 3
5 minute read
Use your space wisely
With an ever-changing market, your real estate deserves a critical eye on a regular basis. Extra space is nice, but it can be a drain on resources if it’s not adding enough value to your business.
Side 1 of 2![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-09.png)
Get the most value from your footprint
![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-09.png)
Side 1 of 2
Every square foot costs money. Evaluate whether you can do the same amount of work with less space.
Side 1 of 2![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-10.png)
Consider a different location
![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-10.png)
Side 1 of 2
Location has a big effect on the price of real estate. Explore whether your current location is working toward your goals.
Side 1 of 2![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-11.png)
Bargain with your property owner
![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-11.png)
Side 1 of 2
Property owners might have an incentive to negotiate.
Side 1 of 2![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-12.png)
Decide whether to rent or buy
![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-12.png)
Side 1 of 2
Compare mortgage payments and maintenance costs with short-term cash flow needs and long-term business benefits.
Side 1 of 2![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-13.png)
Lean on experts
![](/content/dam/chase-ux/images/business-images/education-icons/cash-flow-icon-13.png)
Side 1 of 2
A trusted advisor or other experts might be able to share insights that can help you find a real estate solution.