Today, many entrepreneurs have realized that running a business from home is preferable to renting a retail store or physical office space. It’s a great way to save money and eliminate your commute! But what if you just can’t find the right space in your house for an office? There are a few potential solutions to this problem. From investing in a larger home by contacting Patricia Paral at Richard Real Estate to hiring contractors to build a custom addition, these tips will help you make room for your office.
Choose Your Business Structure
Maybe you’re eager to start designing your home office, but you may have a few other items to check off of your to-do list first. For instance, if you haven’t registered your business with the State of Arizona and chosen the right structure for your company, you’ll want to take care of this before you move forward with your plans for your office.
By forming an LLC, you’ll earn several perks, from tax deductions to limited liability. Filing for an LLC with the help of a lawyer can be costly, but using an online formation service for this process is quite affordable
Buying a Home for Your Business
Perhaps you’ve looked around your home and realized that you barely have the space to squeeze in a desk, let alone set up an entire home office. To save for a down payment, BB&T recommends
automatically depositing a certain amount into a special savings account once a month. You’ll also want to put some effort into boosting
your credit score before you apply for a mortgage. Remember, you want to work with a great real estate agent for your Arizona home search, especially if you’re interested in a new construction home
Once you’ve determined what you need in your new property, it’s time to start touring homes. If you have a pet, don’t be tempted
to bring them along — leave them at home or hire a pet sitter! Pets can spread dander, and if someone else with allergies is visiting, it could turn into an unpleasant experience..
Building an Addition
What if you love your current home, but you’re still short on space? You could renovate part of your home to create a more open floor plan or you could even invest in an addition. If you want to add a new room to your home, you’ll need to create a financial plan
and hire the right contractors. To make a smart decision, Travelers
recommends getting multiple estimates so that you can compare rates and portfolios. You’ll also have to decide
if you want to live at home or move out during the construction period
Redesign a Spare Room
If you get creative, you might find a space for your office in an unexpected place. An underused room may have potential as a workspace. Check out thrift stores or clearance sales at furniture stores for an affordable desk, and then take a trip to a hardware store to pick up paint for your walls.
Designing your home office can turn into a fun weekend DIY project.
When you’re a business owner, keeping your overhead low is always a priority. There is no easier way to cut down your company’s budget than by running your business out of your home. These suggestions will help plan out your next steps and create the ideal home office space.
If you’re looking to buy a new property in the Buckeye real estate market connect with Richard Real Estate, LLC at 623-386-8762.
We're ready to assist you and will always have your best interest at heart. Click here to view current homes on the market