Many
people who run their businesses from their homes do so because they want to
keep their operating costs low. So, it may seem like a strange idea to move
home to get a better home workspace. However, there can be several significant
advantages. Whether you look for a move-in-ready house with the perfect office
or consider renovation or construction, there are five great reasons to
consider a move.
Moving
your home business to a larger home? Reach out to Diane Ives for dedicated and
comprehensive real estate service! 866-637-8851 or complete
this form.
1) Fewer Distractions
Perhaps
your current home can only accommodate you using a corner of a room. Maybe you
have a dedicated room, but it is right next to the hustle and bustle of family
life. In either case, the distractions of home life can make it hard to
be productive. While you might think you can comfortably multitask things
like remote learning, laundry and Zoom meetings, NPR explains we really aren’t
wired for that sort of juggling act. When you move home, you can select real
estate with a nice, insulated office that is sufficiently separated from other
activities to help you stay focused.
2) Dedicated Space for Your Operations
Does your
home business involve more than just working on a computer? If you are the type
of entrepreneur who gets hands-on with producing a product, you may need a
dedicated space that can accommodate your operations. For example, if you
are selling custom clothes online, you need a work area for your sewing
machine. It also helps that you can take a tax deduction
on a dedicated
home office.
3) Finding “Flow”
Flow is a
mental state in which you are fully immersed in your work, feeling greater
engagement, focus and energy. Achieving flow is very beneficial to productivity
but can be challenging. Psychologists believe that it is easiest to achieve
when you are working in a space dedicated to your business with minimal
distractions. Therefore, moving home to find the ideal office may help you find
your flow.
4) Enough Space To Work
A common
problem that plagues home offices is a lack of space. Some entrepreneurs set up
their offices in the smallest rooms in the house, in the corner of a room or
even in large closets. This may be okay when you are just starting out.
However, as you grow your business, you will need more space to work.
Fortunately, you can get them by buying a home with a great office.
5) Better Work/Life Balance
Working
from home has a lot of benefits. However, clearly defined boundaries between
work and your personal life are not among them. Achieving the right work/life
balance with a home business isn’t easy. This can have consequences for
your relationships and well-being. Having the right home office can help you to
establish a clearer sense of work/life separation.
How To Find Your Home
As the
above advantages make clear, finding the right home with a great home office is
worthwhile. If your current home isn’t giving you what you need from a home
office, it is a good idea to move, especially if your business is proving to be
fruitful.
As
you search for your home, you might think buying a property as-is
would be to your benefit. However, when you buy “as-is,” there are some extra
challenges. Most notably, that there may be unknown problems or known problems
that the seller won’t fix, such as infestations, mold or leaks. It’s best to
get a home
inspection and talk with your agent about the pros and cons of a particular
house before making a deal.
If you're
expanding your home to accommodate an expanding business, it also might be time
to consider forming an LLC for your company. For one thing, as the Houston
Chronicle points out, you might be able to purchase
your property with your LLC. Plus, creating a limited liability company offers legal
protections and tax benefits. On top of all that, it is easy to create an LLC Michigan online or even
complete the paperwork yourself.
Get Help From a Pro
It’s easy
these days to glance at real estate listings online, but for inside information
on what’s available, your best bet is to work with a skilled real estate
professional such as Diane Ives from Great
Lakes Realty & Auction. Your agent will know about properties you
might not find on the web, they know about concerns like zoning and HOA
limitations, and they can help with your negotiations.