Lease vs Own? Here’s What Private Practice Owners Need to Know

I didn't know until after I sold.

Like, how.

Valuable that was. So let's start really, like, fundamental stuff, you know, When a private practice owner is looking at their real estate consideration, what's. What do you think the pros and cons are of leasing versus owning the space?

Yeah, there's a lot of factors that go into whether you lease or purchase. Real estate's going to be worth more than a practice once you get ready to sell. Literally, it's 80 or 90% of the time, the real estate's worth more than the practice. And so when you look at the value of that, you know, you might spend 10, 15, 20, 30 years building a practice and you can purchase real estate if you have the ability to, and it fits your requirement, that's going to be worth more than the practice at some point. So it's really a two for one. I mean, it's two of your largest assets that you have, and they're both very saleable. And the real estate becomes even worth more money when you have a practice tied to it. So I couldn't agree more. Owning real estate is one of the greatest investments that healthcare providers will ever make.