3 Tips on Finding the Right Space
for a Home-Based Business
Whether you’re starting a business from home for the first
time or your small business is growing and you need a dedicated space in your
home to meet your personal and professional needs, there are three options
you’ll want to consider: converting unused space into an office, remodeling
your home or buying a new house altogether. For some tips on choosing the best
solution for your home-based business needs, read on!
1. Remodel Your Home
If you’ll need more room and privacy for your
home-based business, you could renovate a basement or garage to create space
for an office — or you could build an addition. The cost of building an office addition will
depend on the size of the space and the specific types of renovations that need
to be completed — such as adding or removing walls, installing new lighting,
building cabinets, and upgrading electrical wiring. You may also need to obtain building permits from your local
authorities, which would add to the cost of your home addition.
2. Buy a New House
If a home renovation isn’t feasible and you don’t have the space you need to convert a spare room or living area into an office, you could also choose to buy a new house that fits your personal and professional needs. To find a new house that can be used to operate your home-based business, you’ll want to consider the following:
●
The home’s proximity to your
target audience, customers, and employees (if applicable)
●
How much you can afford to spend
on the home purchase
●
How much space you’ll need to live
comfortably while doing business from home
● Whether the home and location will fit your industry and profession
If you’d like to buy a larger house in an in-demand location, you may want to consider purchasing a foreclosed home in your desired area. This will help you to find an appropriately sized house in the best possible location, while saving on your purchase and having some money leftover to invest in your business.
When buying a foreclosure, there are a few
things you’ll need to consider. Real estate experts recommend getting
pre-approved for financing before making an offer on a foreclosed home, taking
the time to understand the benefits and limitations of purchasing a
foreclosure, and getting a thorough home inspection so you know exactly what
you’re getting into. Additionally, it’s important to work with an experienced
real estate agent who specializes in buying foreclosed homes.
3. Convert an Unused Space
If you have a spare bedroom or another unused space in your house, you may be able to convert the area into an office for your home-based business. Forbes has some great tips on its website to help you find the right space for your business needs, whether you’re hoping to convert a bedroom, guest room, living room, playroom, or part of your kitchen into an office for your home-based business. If you’re short on space, however, you could even remove the doors from a spare closet and convert the space into a cozy office nook.
After you’ve created a space for your home-based business, decorate the office area with air-purifying plants such as a spider plant, snake plant, and philodendron. If you plant these great office plants yourself, you might even find that you feel happier and less stressed as you get your home-based business going. Candles, artwork, picture frames, and table lamps are other great accessories that can be used to decorate your office and boost productivity.
A Final Word
Whether you convert a spare room into an
office for your home-based business, build an addition or buy a new house
altogether, these three tips will help you to find the perfect space for your
personal and professional needs. In most cases, the right office space for you
and your business will depend on your occupation, how much room you need to
live and work in, and whether you’ll need added privacy for seeing customers,
clients, or patients in your home.
Author: Tina Martin
