​How To Purchase a New House When Starting a New Business

Article by Guest Writer: Sarah and Mark Velasquez

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​If you dream of launching a home-based enterprise, you may have a lot of work ahead of you. Running a company takes a lot of work, especially if you want to launch it from home. To ensure you can remain productive, you need a suitable space. You may have to consider moving to fit your family and business needs.
 
Finding a Home That Fits Your Family and Business
Your home should have enough room to fit your family and business comfortably. To work effectively, you need dedicated office space. When you have space to work, it helps maintain a work-life balance. Your brain learns to associate the office with working.
 
Think about the different qualities that you need out of a new home; working with a Realtor like Jason Gelios is definitely a smart decision when trying to determine what you’re looking for and what’s available. Think about how many bedrooms and bathrooms you want. Larger families may require multiple bathrooms. Likewise, you may want to have a bathroom close to your office space.
 
In addition, your neighborhood style matters. If you want a more walkable neighborhood, narrow your search to areas with a fair walkability score. Urban centers, rural properties, and cul-de-sacs are all popular choices with different benefits.
 
Start preparing for the move early. Balancing a move with starting a business may feel overwhelming, but to-do lists can make a big difference in your life. Create lists of everything you need to do, including closing utility accounts and packing the linen closets.
 
Bettering Yourself as a Business Owner
Running a home-based company requires funds, market research, and a business plan. The business plan lays the foundation for your commercial venture. It includes your objectives, products or services, marketing ideas and financial analysis. Your business plan should convince you that you have a solid idea. Likewise, it should persuade lenders to assist you. When writing your plan, be as objective as possible.
 
When you have a strategic and convincing business plan, you have a higher likelihood of qualifying for funding. According to the U.S. government, there are various programs in place to help finance or expand your enterprise. Small businesses may qualify for loans backed by the Small Business Administration.
 
While you can launch a company without a background in business, you may find it valuable to start a degree program. Returning to school to pursue an MBA may provide you with various insights into operations, management, communication, marketing, and leadership skills. If you worry about starting a degree in the middle of moving, online programs offer flexibility. You can learn at your own pace while staying on top of other obligations.
 
Remodeling With Your Business in Mind
If your new home does not hit every checkmark for your new business, you may need to consider a remodel upon moving in. Think about what you need to make your office space productive and efficient. You do not want your workspace to feel like a cubicle. Add personal touches and match the furniture to the rest of your home.
 
Make sure your office is functional. Ergonomic chairs, storage, and desk layout work together to create an efficient office. You should be able to easily find essential documents while enjoying the organized space.
 
Launching a home-based company can be the start of a lucrative journey. Before you can reap the benefits, you need a strong business plan and a place to do all of the hard work.

Sarah and Mark Velasquez are the creators of Our Perfect Abode. After years of renting, they recently bought their very first home. They’re currently hard at work turning that fixer upper into their perfect abode and are sharing their journey and all the tips and tricks they pick up along the way on their website.