If you are a freelancer or small business owner, you will likely start your life as an entrepreneur working from home. This offers a number of benefits, from eliminating the need for a commute to avoiding office politics. If you want to work from home, however, you need space. Setting aside a dedicated room that is just for business allows you to keep all your business items in one place, so you can avoid distractions and focus on your work.
If your current house isn't big enough to contain a home office, you can work with real estate agent Debbi Rivero to find a larger property. This is just one possibility when it comes to creating the perfect home office, however. Read on to discover all of your options for establishing the perfect work-from-home environment.
Buy a bigger house
If your current abode simply doesn't have the space for a home office, consider upgrading to a larger property. You can sell your current home and use the money you make from the sale for a down payment on a new property. Use a tool like Rivero's seller evalutator to look at sales prices of properties similar to yours to see what you can expect to make.
When it comes to looking for a new place, rely on a realtor. This will usually save you money, as these professionals are adept negotiators and know the local market, making sure you don't overpay. A realtor can also provide insights on financing your new property. It's best to get pre-qualified for a loan before you start making offers, to save time and improve your odds of closing a deal.
Design a home from scratch
Depending on your requirements, you may not be able to find exactly what you're looking for in the real estate market. If you can't find your perfect property, one option is to build it from scratch. Not every piece of property is suitable for building. Local zoning ordinances influence what you can build and where, for instance. The requirements vary between locations. Again, consult a realtor who will know if you'll be allowed to make the changes you want.
Renovate an existing property
If you don't want to build from scratch but still can't find your perfect office on the market, another option is to renovate an existing property. If you go this route, you may be able to claim part of the renovations that go into your home office as a tax write-off. To improve the likelihood that you get a write-off, it's best to formally establish your business as a Limited Liability Company.
An LLC is a formal business entity that delineates you as a person from your company. Having an LLC also makes it easier to qualify for business loans, to open business bank accounts, and more. A business foundation service can help you complete the paperwork you need to register your business. This will cost significantly less than hiring a lawyer to file the legal documents you need.
Redesign your existing home office
If you already have the perfect office space, take on the task of decorating it. When redesigning a home office, prioritize comfort and productivity. Invest in ergonomic office furniture, like a standing desk, chair with lumbar support, and keyboard with wrist support. To improve productivity, ensure the space gets sufficient light. Finally, add some greenery to your home office. The presence of plants is shown to alleviate work-related stress.
You have many options for creating your perfect home office space, from buying or building something new to renovating or redesigning an existing space. The above guide provides insights into each possibility. A number of million-dollar companies, including Apple and Amazon, were started from home, and you may follow in their footsteps. Start by following these steps and contacting Debbi today. Phone: 443-386-1306
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Blog Written By: Lisa Walker