If your home-based business seems to have hit a plateau, it could be because of your house. Even the best businesses can’t thrive in the wrong environment. The real estate experts at Jag Realty want you and your business to succeed, so watch for these tell-tale signs that your home might be holding your business back from reaching its full potential.
1. You Don’t Have a Functional Home Office Nearly every type of home-based business needs a dedicated office space. Depending on your business, your office could be a place to keep up with paperwork, a designated space to meet with clients, a place to get messy and generate products, and/or a quiet place to focus and brainstorm. If every space in your home is already occupied, leaving you without a secluded home office, or if your business has just outgrown its current home office, it’s time to start looking for a house that will better accommodate your needs.
Keeping Current Matters explains that a dedicated home office space is a hot commodity right now, so you can expect sellers to be playing up this option to some degree. However, don’t overlook a potentially great home office because of poor marketing. Your ideal office could be masquerading as an extra bedroom, bonus room, flex space, or playroom. Let your realtor know your goals so he or she can be on the lookout for these hidden home office gems.
2. You Need More Storage Space Working in cramped conditions is a recipe for disaster. When your inventory, supplies, and paperwork are piled on top of each other, you’re much more likely to misplace, damage, or overlook something important. An organized business requires enough room to effectively separate and store the various elements of your business. If you’ve run out of space in your current home, that’s a big red flag that you should look for a bigger space.
Since your business is beginning to accumulate a significant number of assets, this may be an excellent time to protect those resources by incorporating your business if you haven’t already. An LLC, for example, limits your personal liability and may offer substantial tax advantages. Forming a California LLC is a relatively straightforward process that you can handle through a formation service, bypassing large legal fees. Of course, the regulations for forming an LLC vary by state, so you’ll want to check California’s rules before taking any action.
3. Your Workshop Isn’t Working
If your business requires some sort of shop space, then it’s crucial that this space is sufficient. When you’ve outgrown your current workshop or you’re dreaming of being able to park in your own garage again, it’s time to look for a home that can better accommodate your business needs, and Peggy Mason can help.
Shop space isn’t cheap. If you’re already a handy person, you may have considered a few “as-is” properties, which are typically offered at deeply discounted prices. However, be wary of a property that seems too good to be true. These properties often have issues that the seller is not willing to fix, such as roof leaks, termites, or structural damage. Find a reliable home inspector who can identify these issues before you make an offer.
If you’ve noticed any of these three signs, it’s probably time to look at a different property. Take the time to do a thorough search, and don’t just settle for the first place that “sort of” works. By working with local expert Peggy Mason, you’re sure to find the perfect home for your family and your business.
You already know the consequences of trying to run a home-based business in the wrong house, so be sure your next home truly accommodates your business and has room for the business to grow.
Connect Jag Realty to find the perfect home today! Call 714-281-7222.
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