How To Buy A Church Building
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How To Buy A Church Building
They can even help you find properties that you might not have considered. Because of the non-residential and non-commercial nature of a church, many possible buildings are not even listed in MLS systems.
You can also get good benefit from volunteers in your congregation: if you have church members who are electricians and plumbers and contractors, you can get them to give you realistic (non-inflated) estimates of how much the project will cost, and you can use that to help you negotiate the price of the project.
And with all of these things done, you will hopefully soon be in your new church building, with proper facilities, working utilities, beautiful music and artwork, and opportunities for ministry and praise.
The first step to purchasing your first church building is to figure out what you actually want from the transaction. Would you prefer to save money and time by buying an existing building and renovating it to suit your needs Or would you rather start from scratch and build the entire thing from the ground up
When you buy a preexisting church building, there are pros and cons to the situation. For example, you may gain extra congregation members who attended the previous church in that location. However, there is also the possibility that you may come across structural issues or pest infestations.
As you can see, both buying a preexisting location and building your church from scratch can have individual pros and cons. Ultimately, it is up to you to weigh these and decide which option is right for you.
Start by setting obtainable goals as far as tithes and attendance go, and then turn that into a budget sheet and financial statement based on how much income you can expect if you were to achieve that goal. For reference, the average church gets $17 per person per week in tithes, according to Health Research Funding.
At Griffin Church loans, we specialize in providing church loans to those who want to improve their worship location. And because we focus on church loans specifically, our experts are able to provide in-depth, professional advice on what you can do to start off on the right foot.
A local bank in Jackson had foreclosed upon a church property and offered to sell it to Epicenter at an incredible price! The bank agreed that Epicenter could have the building at only the cost of what was left on the loan!
In a previous article, we discussed the Top 10 Things to Know When Finding a Facility for your Church Plant. That post addressed the things you need to know when leasing a space for a church plant. After growing in a lease space for a season, many churches look for a permanent home that they will own. This first purchase is often comparable to a starter home for a young family. This facility will serve as a place to expand ministry opportunities without overstretching the budget. Before you shop for space or start calling on signs, we advise the church to get an understanding of your space needs and your budget.
A building is a tool for ministry. Your ministry should dictate the facility you need. If you have an adult Bible Study on campus, then you need more classroom space. If youth and sports are a vital ministry, you will need a gym. Before you owned a building, there were vital ministries that were important, and a new facility should not change that to the detriment of your church.
As a church grows, more people usually come to your building. Accessing your property can be a real issue as growth occurs. It is critical to have a minimum of 2 points of access. A church site larger than 5 acres with a seating capacity of more than 500 will need more than two access points.
One of the critical things for church properties is making sure you have enough parking. Many old church buildings are on small sites, less than 2 acres, and often have limited parking. If the building was built in the early to mid-20th century, then many people may have walked to their neighborhood