Go Bigger With These Tips for Moving a Home-Based Business

By Mark Simons

Starting a business from home can be exciting and rewarding, allowing you to become your own boss while taking care of your family or working flexible hours. But as your business grows, you'll find that you need more space to accommodate your needs. Moving to a bigger home is a great way to expand your business and take it to the next level. Virtual Business Solutions Real Estate shares some tips for buying a bigger home so you can grow your business without a lot of stress:

Narrow Down Your Needs Realistically

When thinking about why you need to upsize, it’s important to consider things like internet access, adequate storage space, and office equipment that will be needed in order for your business operations to run efficiently. This will allow you to make a more informed decision as you're looking at potential homes. Additionally, if there are any zoning laws or other regulations that need to be taken into account when selecting a new property, then make sure those are researched ahead of time as well.

Know Your Price Facts

Researching home prices before making a purchase is important in order to get the best deal. Start by looking at websites and online resources that provide information on real estate prices for the area you are interested in. Then, contact a real estate agent who can provide you with more information about the market and any current trends. Finally, look into some financing options.

Create an Office Setup That Works

Having an organized office space is essential when running a business from home. This includes having all the necessary furniture plus anything else required for day-to-day operations. Lifehack notes that setting up a comfortable yet functional workspace will help keep productivity high while also providing peace of mind knowing everything is organized and ready to go at all times.

Keep Costs Down With a Home Warranty

When moving into a bigger home for your business, it’s important to invest in a home warranty plan so that if any unexpected repairs come up after purchasing the property, those costs won’t overwhelm you. Most warranties cover major systems such as plumbing, electrical, HVAC, and appliances, so make sure one is purchased before closing. A warranty will ensure that you have at least one less thing to worry about as you get your business set up in the new place. Click here to learn more about home warranty plans and explore your options.

Take Advantage of an LLC

Forming an LLC provides legal protection against personal liability. Not only that, but registering as an LLC provides tax benefits that can save you money each year and will lend your business credibility with clients and customers. Take a look online at your options as they relate to your specific state, and hire a formation service to help you file if you want to save money on legal fees.

Once you’re set up, consider creating a DBA (“doing business as”) name for your company. A DBA name makes it easier to branch out into new services if you want to sell products under a different name, and if a domain for your business isn't available, you can market your services under a different name.  

Think About Earning a Degree

Consider going back to school to further your education by earning a business bachelor's degree. With a business degree, you can learn valuable skills in strategy, management, and business that will help you become a better leader and communicator as you grow your company. You can earn an online degree through an accredited school, which will allow you to work at your own pace and still take care of your business.

Moving to a bigger home to grow your business can be a thrilling experience, but just remember not to get caught up in the stressful details. By doing some research and utilizing the right tools, you can expand your company and your entrepreneurial skills at the same time. Purchase a home warranty and consider going back to school, which will help you take on anything your bigger business throws your way.

For virtual services that transform the way your real estate company does business, contact Virtual Business Solutions Real Estate today!