Follow These Pointers To Create The Perfect Space For A Home-Based Business

Follow These Pointers To Create The Perfect Space For A Home-Based Business

By Tina Martin, Owner and Author of ideaspired.com

Finding or creating the perfect space for a home-based business can be tricky. There are so many considerations to think about, including how much room you’ll need and how to ensure a bit of distraction-free privacy. You’ll also need to plan a budget and figure out which tasks you need to hire a professional for and which ones you should never DIY. No matter what your needs are, there are plenty of options and ideas.

Start your search early

Some home-based businesses require a lot of space to hold an office, a meeting room, and storage for products or supplies. If this is the case for you and your current house doesn’t have enough area, it’s time to connect with House Realty to scout out homes that fit the bill. Starting this process early will give you plenty of time to figure out a budget and search for the right place before your needs become imminent. Keep in mind that the average cost of a Nashville home is about $340,000.

At the same time, you’ll want to find out which permits will be required for your business, which depends on the type of goods or services you sell as well as the specific neighborhood the home is in. Taking care of these permits in the beginning will ensure that you don’t have any costly fees rear up later on.

Consider all your options

If moving to a new home isn’t in the cards at the moment, consider all the options available in your current home. A spare room is a great way to get started as long as it will give you some measure of privacy while you work. However, it’s possible to create a workspace in a house that doesn’t have a spare room; it just takes a garage and a little elbow grease. Think about how you can make the space comfortable through all seasons, such as adding insulation and a heating or air system, and don’t forget the floors. 

Because most garage floors are made of concrete and take a lot of wear and tear throughout the year, you might consider an epoxy floor coating, which can protect the area and keep it looking new. This is perfect if you want to revert the space back to a garage down the road. While this is a job you can do yourself, if it’s not done correctly, you run the risk of cracking, peeling, and buckling. Consider hiring a professional who can ensure that your floors are done right the first time. The average cost of a pro’s touch is about $2,150, and you may also need to factor in the cost of concrete repairs or renting a storage unit while the job is being done.

Research funding options

It can be frustrating to try and fund your small business, especially when you know you need more space but can’t afford it. The good news is there are plenty of government-backed resources available--such as a Small Business Administration loan, or the Main Street Business Lending Program, which assists those who have been affected by COVID-19--as well as crowdsourcing platforms like Kickstarter. Read up on all your options to find the one that makes the most sense for you and your business, and look at reviews online to see what other people have to say about them.

Home-based businesses are on the rise these days as entrepreneurs and self-employed individuals recognize the benefits involved, meaning there are many more resources at your disposal than ever before. Start by creating a budget and give yourself time to set up the space so that it meets your needs.

If you’re on the hunt for a bigger home, let the experts at House Realty help you find the home of your dreams!