How to Buy Property with Your Home-Based Business in Mind

Dated: August 19 2020

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Work from Home

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How to Buy Property with Your

Home-Based Business in Mind

 

Has your home-based business outgrown your house? If you’re working from the couch, battling household distractions, and struggling to keep your business paperwork off the dining room table, it’s time for an upgrade! Buying a new home is a great way to make room for your small business. As you hunt for a new property, keep the following tips in mind to ensure you choose the perfect new space for your home-based business.

 

Prepare for the Home Buying Process

 

Buying a home will always be somewhat of a complicated process. Plan ahead by getting all of your prerequisites in order. First, you will need a good real estate agent on your side to help you hunt down homes that meet your business and personal needs. Look for an experienced local realtor, like Phyllis Miller, who will stick with you from the beginning right through to the moment you close on your perfect home.

 

Researching real estate prices is another important way to prepare for your home purchase. Take advantage of online search tools to uncover information about local listings. For example, Redfin reports that homes in Houston sold for an average of $260K over the last month. Once you have a better idea of your home affordability, you can start searching for properties with enough space for your budding business.

 

Consider Your Work Needs

 

As you sort through online listings and tour homes in person, keep an eye out for features that will make your work life easier. For example, if you require a lot of storage space for your business products or office supplies, you may want a home with a large basement. If your work involves crafting or building, a garage might serve as the perfect workshop. Meeting with clients at home? Consider buying a big enough property that you can build a separate office for holding professional meetings.

 

Of course, you’ll also want to ensure high-speed internet access wherever you end up moving. There’s nothing worse than slow internet when you’re trying to work! Fortunately, Houston residents can access 5G Ultra Wideband from Verizon for home internet speeds that are 25 times faster than today’s 4G networks.

 

Look for a Convertible Garage

 

Garages make fantastic workshops, crafting rooms, and home offices. Depending on your business needs, you may settle for a home with a simple garage instead of an extra bedroom. This could help you save money on your home purchase! Just keep in mind that you’ll have to do some renovation work to convert your new garage into an inviting workspace. For example, you’ll want to add insulation, windows, better lighting, and comfortable flooring. You may also have to make a few modifications to ensure a reliable internet connection in your garage.

 

Build a Separate Structure

 

If you’d rather keep your work separate from your personal life, consider building a shed or detached garage for your business. Just make sure you have the right building permits before breaking ground on your improvements. To obtain a building permit, you will need to provide plans for your construction project in the form of blueprints or drawings. Of course, make sure your building project will comply with local zoning rules—ideally before you buy your property!

 

Furnishings and Décor

 

Once you’ve finally bought or built the perfect space for your home-based business, it’s time to decorate. This is the fun part! Equip your home workspace with all the tools and furniture you need to get your work done comfortably and efficiently. This might mean purchasing an ergonomic chair, hanging floating shelves over your desk, or setting up a comfortable seating area for meeting with clients. While it’s important to focus on function over form, a few pieces of attractive décor can make your office feel more inviting, so don’t be afraid to splurge on an elegant rug or wall hanging.

 

Working out of a comfortable and spacious home office will boost your productivity significantly. Your business needs space to grow, so don’t settle for a desk in a cramped corner of your living room. Buy a new home or build your very own office space in the backyard. You won’t regret it!

Tina Martin

 

Ideaspired.com + tina@ideaspired.com

Blog author image

Phyllis Miller - Houston, TX

Phyllis Miller is a high-tech, high touch, Licensed Realtor, Certified Negotiations Expert, Success Coach and Author - based in Houston, Texas. Phyllis is the founder of the AMPMRealtors.com Team – ....

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