Starting a home-based business has never been easier due to the many resources available these days. Entrepreneurs no longer have to waste valuable time and money on setting up an outside workspace they don’t need, making the process much easier. However, depending on the nature of your business, your home may not be big enough for your needs.
Finding a new home—or custom building one to your specifications—will allow you to create the perfect work/life balance so you can juggle all of your responsibilities seamlessly. Enlist the help of a qualified real estate agent to assist in finding the right home for you, your family, and your business and take the stress out of the process. Then, do a little research and create a plan that will take you from start to finish without a hitch. Come On Home Colorado shares some strategies below.
Do some homework
After working out a budget, it’s time to do a bit of research on homes in your preferred neighborhood. Take a look at sale prices, the average number of days homes sit on the market, and what buyers are looking for most, as this will help you prepare your own home to sell while getting a feel for the amount you can expect to pay for a larger house. Staying up-to-date on this info will allow you to get the best deal on the ideal home for starting a home-based business, since real estate trends tend to fluctuate often.
If you’re set on building a custom home, Home Builder Digest notes that it’s essential to understand the costs associated with the building process and to get pre-approved for financing. While custom builds allow you to create your dream home/workspace, they also take quite a bit of time to complete, so this may change your goals or require a temporary workspace for a period.
Prep for the move
Once you’ve found the right home for both your lifestyle and your business, it’s time to start preparing for the move. Ideally, you’ll have plenty of time to clean, pack, and get settled in, but if you’re in a time crunch it’s especially important to have a solid plan. This might include recruiting friends and family members to help declutter and gather packing supplies, and getting together any necessary paperwork and keeping it organized.
Move.org suggests making a to-do list that includes tasks you’ll need to complete to ensure that your business is up and running by your goal date, such as buying necessary equipment or tools, installing wi-fi, and obtaining a business license.
Get ready to launch your business
Moving and starting a business at the same time can come with some stresses, but if you’re well organized and are armed with realistic goals, you can launch your company with ease. Find out what kind of permits and licenses you’ll need to effectively run your company from your home and research insurance plans.
It’s also important to research different grants for small businesses that can help you get your business launched on the right foot. You’ll need to do some legwork, including crafting an excellent grant application, but that hard work could pay off in the end. Also, look for online resources that will help you and your employees communicate, share ideas and projects, and stay on top of things remotely.
Set up your office or workspace right away so you’ll have a place to get things done without distractions. Find apps that make your day-to-day tasks easier, such as those that integrate a transaction details API to keep you informed. It’s also a good time to start thinking about your tax responsibilities and to take stock of any benefits your new home might offer, including write-offs and other deductions.
Starting a home-based business is a big job that comes with a lot of considerations, and the same can be said for buying a house. By utilizing all the available resources at hand and sticking to a solid plan, you can make both projects a breeze.
This article is brought to you by Come On Home Colorado, where Emily Gomez, your Littleton Real Estate expert, can help you find your perfect home. Learn about Littleton neighborhoods, Littleton suburbs, and the best places to live in Littleton. For more information, please visit her website or contact her today!