In order to be successful, running a home-based business requires important changes in both your lifestyle and your surroundings. With the right workspace, you can handle clients, stay on top of your business expenses, store inventory, and prepare orders for customers all in one place, but you’ll need to find the perfect spot for all your business needs first, and there are different options for different budgets.
Design on a dime
Designing a home office from scratch can get costly, but there are several ways you can save money throughout the process. You might change the lighting to brighten things up; this can be done on a budget by using energy-efficient
daylight bulbs. When it comes to filling the office with the right tools, look for sales that will save you money. Consider upgrading your laptop or tablet by utilizing an online deal so you’ll have the latest model at the lowest price. It’s also a good idea to invest in a supportive seat, but you don’t have to spend a ton of money to find a comfortable one; look for discounts
on shipping or delivery to keep the cost down.
Renovate an unused space
While a renovation can be more costly than a simple room design, it’s a nice option for those who have an unused space in mind and aren’t ready to tackle a move to a new home. Some areas that are often used in home office renovations are basement, garage, and attic spaces. HGTV explains the ideal budget will vary
according to the size of the space and whether you need to weatherize, so make sure you do your research to get an idea of what you’ll be looking at. Some renovations
require building permits, so that cost will need to be added into the total budget.
If you’re going bigger with your office space by renovating, you might think about forming an LLC, or Limited Liability Company. This is a great way to take advantage of certain tax benefits as well as to ensure that you have more freedom in running your company. An LLC also offers an easy way to separate your business and personal finances, which is crucial when you work out of your home.
You can save money on legal fees by filing the paperwork for a Pennsylvania LLC yourself, but it’s important to read up on the regulations first. Another option is to connect
with an online service that can tackle the red tape for you, saving you both time and money.
If your current home just doesn’t meet your business needs, it’s always possible to go bigger and look for a new house. Depending on your situation and the changes you’re considering, it can be a less expensive option than renovating, especially following a successful home sale (Philadelphia homes have been selling for nearly $250,000
on average). The key is to partner with an experienced real estate agent from the The Kowalchik Team
who can help you find a property that matches up with your personal and professional needs.
When you find a gem, hiring a home inspector is a good way to ensure you won’t be faced with major, unexpected repair costs, while little things like packing and transporting small items yourself will save money with the movers
Creating the perfect home workspace can take some time, but it’s well worth it if you can run your company the way you want. Whether you want to redesign, renovate, or move to a new space altogether, you can build an office that will keep you organized and on-task as you focus on growing your at-home business.