Investing in real estate is a big decision involving strategic planning and fundraising for the project as well as increased operating costs.

Is Buying a Building Right for Your Congregation?

The leaders of some growing congregations assume that at some point purchasing property to house the congregation is inevitable. This isn’t necessarily true! The strategic purchase of property can be just the right choice for some congregations, and a logistical hassle and distraction for other congregations.

To tell the difference, review (or update) your mission and ask questions like these:

• Does our mission require a physical location?
• What are the advantages of owning over renting a physical space?
• Do we have the ongoing financial and volunteer or staff resources to manage a property?
• Would diverting resources to property concerns be a distraction from our mission or an enhancement of it?
• Could we partner with others to share property burdens like expense and upkeep?

Things to Consider Before Buying a Building

Many thriving congregations today are choosing to sell their outdated and ill-fitting properties so they might better focus on the core work of the congregation. Avoid this future by careful conversation and planning before you buy. Here are some stories:

• Letting Go of A Beloved Building (Webinar)