Renting vs. Purchasing for Start-Up Business

[Jennifer Evans]

I would like to open a specialized daycare/child care center. I live in a small town and am trying to decide whether focusing on renting a facility while getting started vs. purchasing land to build a custom facility is the best option. I see the benefits of each option and obviously know that one option consists of far larger up-front costs than the other, but would love to hear some perspectives from people who have chosen to keep the up-front overhead costs lower as well as from those who elected to pay more up-front expenses to secure a better long-term ROI.

Thanks in advance.