How to Find More Workspace at Home for a Growing Business
There’s nothing wrong with growth when it comes to your home-based business — except when that business is starting to outgrow your home! On one hand, having your business boom is exciting, but on the other, finding the room you need to sustain that growth can be stressful.
Burnett Builders shares this guide to finding the space your growing business needs, even if that means looking for a new home.
To Buy or Build — That is The Question
You’re looking around your home and seeing zero space to expand your office. So the question is, do you sell your current home and look for a bigger one? Or should you look into ways to add more square feet to your existing home?
Whew! This is a big decision, but we’re here to help. Before you commit to selling and buying a bigger home, think about whether that extra space will also benefit your personal life. If you also need more room for the kids or can comfortably afford a larger home, then go for it!
Then again, if you simply need more workspace, know that there are less drastic options. True, you could spring for an addition to your home, but this can be a costly project — although enclosing a porch or converting a garage could certainly work! If you have room in your backyard, you could also have a shed built and transform this space into an external office.
Budgeting for a Growing Home Business
Let’s say that you are going to sell your home and buy a larger one. If so, you need to be prepared for all of the costs involved, which includes preparing your old home to “wow” potential buyers. You may need to pay for things like a professional cleaning service or extra decor for staging to get your home in top shape, so be sure to budget for these expenses.
Buyers may have added costs as well. With the market so hot right now, you need to be prepared to come in with a top-dollar offer if you want to land the home of your dreams. Also, keep in mind that you may not have wiggle room to ask for repairs in your offer, which means you need to be financially prepared to take care of these projects on your own.
One way you can save money with your actual business is to establish an LLC. Operating as an LLC will provide you with tax benefits and liability protections every growing business should have. Plus, you can save even more money by filing your paperwork online rather than with an attorney. It only takes minutes to research the process and get your LLC set up.
Building an Office That’s Made for Productivity
Whether you choose to buy a bigger home, expand a current one, or update an existing room, you are opening yourself up to additional design opportunities. With so much extra space, you can put together the office of your dreams where you can’t wait to work every single day. That’s the sort of space where you can really maximize your productivity and success!
One thing that’s central to any modern home workspace is fast and reliable internet. You can check your home’s current connection with this tool from Google. If your current connection doesn’t seem to be up to par, start researching new options in your area.
If you are going the sell/buy route, you can also protect your productivity by working with a buyer’s agent. This professional can help both buyers and sellers make their dreams come true to save a lot of time and stress. That’s more time and energy you can put into planning your home office and helping your business grow.
You should be celebrating your success right now, not stressing yourself out about finding more workspace in your home. Let this guide help you make the decision of whether to add to your existing home, buy a new one, or simply get creative with the rooms you have.
Interested in building a new home to accommodate your business? Burnett Builders can custom-build your home with quality craftsmanship and attention to detail! Contact us today!
Photo Credit: Unsplash
Thanks for taking the time to visit our web site and we look forward to seeing you in the future. Proudly serving Ross Township, Okeana, Morgan Township, Millville, Hamilton, Oxford, Fairfield, Crosby Township, all of Butler County along with a portion of Hamilton County and South Preble County.
