Working Large: How To Upsize Your Home and Business
Launching a small business venture, especially a home-based operation, requires a well-outfitted home office space, the size of which may vary depending on the type of business you plant to run. Some small business owners realize that to effectively combine work and home, while ensuring the business is professionally operated, requires a move to a larger house or a sizable rental. If you’re operating from the Miami area, the real estate agents at Brickellmania can help.
How Much Space Do You Need?
When you first start assessing the needs of your business, space is an important consideration. For example, if you’re in a tech field and doing consulting work, you may be fine with converting a bedroom in your current home into a quiet space to perform computer-focused work, needing only basic home office equipment and supplies.
On the other hand, if you’re planning to occasionally have customers or clients on site, if you’re hiring anyone else to work with you, or if you’re selling a product of some sort, that’s a different story. You’ll need room for storage, production, packing, shipping or even product photography. Knowing what you need is the first step in deciding how best to proceed.
Moving Home And Office
If it turns out you need significantly more workspace than your current home provides, you might consider coordinating the launch of your business with the move to a new house. Start by researching available options in the area where you’re interested in living. You can use online real estate search tools to get a good idea for what prices are like, particularly in relation to what you’re looking for.
If you’re upsizing, you’ll want to ensure the space is appropriately designed so you can effectively put a buffer between work and home. This might mean having a separate entrance, or office space located outside of heavy traffic areas. A real estate agent in Miami can help you find appropriate options in your price range.
Getting The Business Up And Running
While moving is a major undertaking, moving and launching a business at the same time can be tricky if you’re not highly organized. Make sure you’ve evaluated your basic business startup needs in advance. You may find it’s to your benefit to form a limited liability company to reduce your personal liability and allow you to take advantage of various tax breaks. If you’ve got money to burn, a lawyer can draw up paperwork for you. Alternatively, you could also try to do it on your own, or enlist a formation service company for a small fee to ensure it’s done completely and correctly while you work on the business side of things. All states have different regulations and requirements. Learn about your state’s specific needs before moving forward.
Coordinating Efforts
When packing to move into your new home, keep your business furniture, equipment, files and other essential material separate from household items. You’ll want to get your home office up and running in short order to ensure your launch goes smoothly. This is especially important if you already have customers or clients on board. If movers are helping with your relocation, keep your laptop, phone and client files with you at all times so there’s no downtime for your business if movers are delayed or items get lost or misplaced.
When you’re considering the idea of combining your home business with the move to a new house and crunching your numbers, keep in mind that the U.S. Internal Revenue Service allows for numerous tax deductions for home office use and home business operations. According to the U.S. Small Business Administration, careful record keeping and accounting practices can help ensure when it’s time to file your taxes, you’ll have everything in order and can take advantage of the financial tax breaks you have coming your way.
If you’re looking at housing options in the Miami area, contact the real estate agents at Brickellmania to get connected with a knowledgeable agent.
Photo by Pixabay
Guest article provided by Suzie Willson, Interior Designer at happierhome.net
