Working out of your home
doesn’t have to be a burden. With the right strategy, you
can settle in to run your company from home, no matter what
your business model. Whether you’re buying or selling a home
to make it happen, Real
Estate Agent Emil Ratti can
offer the advice you need. Here are ways you can start
exploring how you can make space for your work-at-home
Shop for a New Home
Despite the receding economy, homes continue to sell like
hotcakes, and mortgage rates are nearly at rock bottom.
Though you’ll need to plan ahead
get the pre-approval that fits your finances, your budget
may have more room for a mortgage than you think.
Navigating the homebuying process can be challenging, so you
need to do your research. Knowing what you can afford,
finding a reliable agent, and starting your home search
online are all essential steps. But with a plan in place,
you can make your dreams of homeownership – and working out
of a well-equipped home office – a reality.
Free Up Your Finances
If balancing your finances is a challenge, obtaining funding for
your business may be a way to free up personal income. By
taking out a government (e.g., SBA loans) or non-government
loan for your company, you’ll be able to afford business
expenditures without dipping into your own pockets.
Plus, consider the tax
advantages of dedicating an area of your home for office
space. Whether you’re working at a desk or storing
inventory, the IRS offers special tax breaks for
at-home business owners. Not only will you save money with
business loans, but you can also anticipate a bigger return
(or lower tax bill) come tax season.
Renovate a Home Office
Of course, if you plan to file
for the home office deduction on
your taxes, you’ll need to determine whether it’s worth the
expense for a lower square footage measurement. To that end,
expanding into your garage or attic space could be the
perfect solution for WAH.
Looking at your existing home with fresh eyes could help you
zero in on the perfect office space within your existing
square footage. Whether you have a vacant garage that’s ripe
for renovation or a spare bedroom that could become a home
office hub, think outside the box when it comes to making
room for your work area.
Seek inspiration from design
experts like Country Living, which showcases countless ideas
No matter what the layout or size of your space, you can
implement smart design to make it professional, comfortable,
Think Outside the Floorplan
Entrepreneurs have a reputation for their creativity, so why not
put your creative chops to good use by scoping out
unconventional solutions for your home office? From building a
loft for storage space to setting up a yurt in your backyard,
there are plenty of ways to equip your home office without
encroaching on your living space.
Even setting up room dividers can
help you carve out a special spot for your workstation. After
all, The Muse recommends separating work
and home – literally – so that you can close the door at the end
of the day. It’s hard to stop working
when piles of work are right in front of you, so physical
separation may be essential.
Invest in Quality Equipment
It’s tempting to try and outfit
your work area as affordably as possible. But if you skimp on a
used laptop, you may find work more frustrating than rewarding.
Finding a good deal isn’t impossible, but make sure to do your
research when it comes to purchasing office equipment.
Technology changes quickly, so the
is or the faster your internet
speed, the better. Consider your options carefully and extend
your budget whenever possible. The better tech you choose, the
longer it will serve you and your company.
Rearranging your home (and life)
to make room for your business is a tall order. But there are
plenty of ways to make it doable and better yet, enjoyable.
Planning to buy a home for your family and home-based business?
Contact Emil Ratti of Coldwell Banker at 201-280-2884 for
assistance. No matter where you are in the process, Emil can
Article Submitted (2020) By: