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Posted on 27th Dec 2019
Starting a new and exciting hydroponics venture can be challenging to say the least. Depending on what you wish to grow, how big of an area you need to grow in, what capital you possess and a litany of other factors, planning the logistics of your operation can be frustratingly complex. Even for small hydroponic businesses and growers, securing all the proper equipment and knowledge takes a substantial amount of time.
However, for businesses seeking to grow hydroponically indoors, dedicated spaces for doing such is yet another concern. There are many factors that can influence which piece of real estate is ideal for your exact growing needs, so let’s look at what you should consider when leasing or purchasing a property for your hydroponics business.
Before purchasing or leasing any property for the purposes of growing indoors, airflow must be a prime concern. While the use of inflatable ventilation ducts and proper equipment can provide adequate airflow in most situations, consider carefully how much duct work will need to be assembled in a given property. For instance, larger commercial properties may be segmented in odd ways and located in disparate segments of the property: this will create logistical concerns when attempting to achieve minimal startup costs and even air distribution.
The environmental integrity of a piece of real estate is vital to successful indoor hydroponics businesses. Bay Title Company in South Florida, which specializes in helping real estate buyers, sellers and lenders with title, escrow and closing services, knows how environmental factors can compromise the appeal and functionality of both residential and commercial properties.
Even outside of hotter and more humid climates, hydroponic growing operations in indoor settings must be kept under strict climate controlled settings. Some properties may not possess adequate moisture barriers, insect protections and overall temperature control. As such, hydroponics businesses must verify that the property in question won’t require dramatic renovation or upkeep.
Inadequate power availability, waste services and water access are all major concerns for any commercial business – but especially so for hydroponics companies. Real estate offerings that might otherwise be perfect but lack adequate utility availability can doom a business venture before it begins. Considering overall business utility rates – as well as other factors like plumbing, outlets and waste regulations – before purchasing or committing is absolutely essential.
If your hydroponic business takes off and truly begins to grow, will you have the ability to expand operations without disruption? When purchasing or even leasing a property for your indoor endeavor, it is vital to evaluate the potential for expansion within the facility itself. In conjunction with the three previously-mentioned concerns, other factors that can be affected by expansion include sheer square footage, construction/add-on potential, and zoning laws (learn more about zoning laws by clicking here). The last thing you want to do is purchase a business property in an area where expansion proves to be legally impossible or create a situation where a full-scale move to another facility is required in the early stages.
Many considerations must be made by anybody seeking to acquire real estate, but those in business – and especially agriculture – must consider a litany of options before committing. The above four concerns are just a few of many that your hydroponics business will want to evaluate before closing on a commercial property: consider these factors carefully and don’t rush into a bad decision!
