Jason Gelios Michigan REALTOR®
  • HOME
  • MEDIA ROOM
    • AskJasonGelios Show
    • ON SOCIAL MEDIA
    • PRESS
    • JASON'S BLOG
    • HOMEOWNERS UPDATE
    • Jason's Books
    • PODCAST: AskJasonGelios Show
  • SELL
  • BUY
    • GET APPROVED
  • Connect With Jason Gelios
  • TESTIMONIALS
  • SENIORS

Top Tips for House Hunting Home-Based Entrepreneurs

6/14/2021

0 Comments

 
Guest Writer Amy Collet
Picture
Image by Pexels

Not only do you want to buy a new home, but you also want to purchase a property that caters
to your home-based business. Your unique profession brings you a lot of freedom and joy, but it
also comes with unique hurdles when searching for the right place. Here are several tips from
expert RealtorⓇ Jason Gelios for finding the perfect home base for your family and business.

Provide Your Business With Enough Space
Besides space for your clothing, furniture and other personal items, think about how much
room
you really need for your business operation. Determining the right home search
parameters helps you narrow down your options and price range. Think about whether you want
storage space for your company, if you require a waiting area for your customers or clients, and
how large your workspace should be in order for you to maintain optimal productivity.

Factor in Potential Renovation Costs
Another reason to think about how much space you need to run your company is so you can
calculate the price of renovations or upgrades. Remodeling a home helps make it your own, but
that comes at a cost. When you gather quotes from contractors, you may discover that it makes
more financial sense to find a home that meets your business requirements without a remodel.

Think About Your Clients
Do you meet a lot of clients or customers in your house? If so, consider buying a home close to
where your clients live, or in an easily accessible area. Living close to your clients can save you
on gas money if you venture out for meetings. And if they come to you, AllTopStartups notes the
right location may also bring in more business, which improves your bottom line.

Work With a Real Estate Professional
With your priorities established and a budget in-hand, you’re ready to dive into house hunting.
“It’s important to partner with the right real estate professional who is familiar with the area
you are looking in,” says Southeast Michigan Realtor Jason Gelios.

Look Into Restrictions
Imagine finding a property that fits your price range in a neighborhood that fits your lifestyle only
to learn the area has restrictions for home-based businesses. According to LendingTree, you
may have to secure business licenses, which cost money, or you may face restrictions against
operating a business out of your home. Research restrictions in zip codes where you may buy a
house. Depending on your findings, you may need to hire a legal professional to help you
understand how to remain compliant, which requires paying fees.

Budget Thoughtfully
While going over your home-buying budget, think about how your investment affects
commercial finances, and vice versa. You don’t want to budget so closely that you need to
skimp indefinitely in either department, or worse, be unable to pursue your goals. Project how
much income you can expect from your business, tally what you’ll pay yourself, and remember
to include some padding for changes you intend to make to your new home, whether for your
personal or professional needs. Keep in mind that the San Diego Financial Literacy Center
recommends that you don’t max out your budget, since sometimes unexpected expenses can
arise.

Plan for Your Office Needs
Your budget planning should also include any necessary equipment you need to purchase for
your new office. Whether it’s a business printer, new office furniture, an additional computer
monitor or even a desk, these are items that need to be factored into what you can afford to
spend. If you shop through retailers like Staples, Office Depot or Best Buy, not only can tap into
business membership savings, but you can get an idea of what you should expect to pay. And if
you dig up Staples coupons or Best Buy promo codes, you can maximize your savings to help
keep your budget on track.

A little foresight can set you up for financial success and happiness as a homeowner and a
business owner. Consider your priorities and budget, and partner with a trusted Realtor to find
the perfect place for building your future.

Amy Collet is the creator of Bizwell.org, a website that helps professionals and entrepreneurs build and
​strengthen their personal brand. 

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.


    Picture

    Author

    Jason Gelios is a  Husband and Father. After that, a Top Producing REALTOR®, Author of the books 'Think like a REALTOR®' and 'Beating The Force Of Average', Creator of The AskJasonGelios Real Estate Show and Expert Media Contributor to media outlets across the country.

    Jason is dedicated to providing real estate advice and education to home owners, buyers and sellers with content that is practical and based on real world situations.

    Archives

    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    April 2015

    Categories

    All

    RSS Feed

About Jason Gelios
For Buyers
For Sellers
Think Like a REALTOR® Real Estate book
Valuable Resources
AskJasonGelios Real Estate Show
Jason Gelios' Real Estate Blog​

In the press

Contact Jason Gelios
Copyright    All Rights Reserved 
Photos from wuestenigel, MarkMoz12, Spencer Means, Mrs Airwolfhound, r.nial.bradshaw, MarkMoz12
  • HOME
  • MEDIA ROOM
    • AskJasonGelios Show
    • ON SOCIAL MEDIA
    • PRESS
    • JASON'S BLOG
    • HOMEOWNERS UPDATE
    • Jason's Books
    • PODCAST: AskJasonGelios Show
  • SELL
  • BUY
    • GET APPROVED
  • Connect With Jason Gelios
  • TESTIMONIALS
  • SENIORS