Running a home-based business is a very inviting venture. However, some homes just aren't designed to accommodate the needs of a small business, especially if you need to store inventory, build products, or meet with clients. Buying a new home may be the only way to find a space that's suitable for your new business. As if moving wasn't hard enough as it is, launching a business at the same time will make the whole process a lot more stressful. Here's a guide full of tips and resources to help you survive!

 

Find a Great Real Estate Agent

 

If you're launching a business, you already have a lot on your plate. Save yourself some time by working with an experienced real estate professional from Charlotte County Realty. A great real estate agent will help you find a home in your desired location with all the features your business and family need to thrive, whether it's a home office, generous storage for business inventory, or close proximity to a post office.

 

Make a Home Buying To-Do List

 

As you navigate the home buying process, keep a thorough checklist so you don't forget any essential steps. The first thing to do is to check your credit score and, if necessary, take action to strengthen it. This is especially important if you also need a business loan since applying for a mortgage will lower your score slightly.

 

Next, decide on a realistic home-buying budget based on your household income. Once you have a good idea of your financial limits, research home prices in different areas to determine the best location to buy. Finally, before you start touring homes, get preapproved for a mortgage so you can act quickly when you find the perfect home.

 

Consider Zoning Issues

 

Zoning restrictions are another important thing to keep in mind as you search for the perfect home. Some cities will not allow certain types of home-based businesses to operate in areas that are zoned as residential. This is most often a problem for businesses that involve customers visiting the home. To keep your business legal, you may need to get a zoning permit or a variance from your city.

 

Register Your Business

 

Registering your business is another legal task you'll have to tackle as you prepare your business for launch. Even home-based businesses must be registered with the state. To do so, you will need to provide your state with your business name, business structure, the type of business you're running, and your business address.

 

Cover Your Bases

 

If launching a new business leaves you feeling out of your depth, consider signing up for certifications or even a degree program to help you navigate entrepreneurship. This might sound like a recipe for burnout, but if you opt for a program that allows you to complete coursework on your own schedule, you’ll be able to move, handle your business and tackle classes without feeling completely overwhelmed.

 

Prepare Your Home for Sale

 

Making a few upgrades and renovations to your current home can help you get more money for your sale — money that you can put into your business! Some of the best low-cost upgrades to boost your home value include painting, improving your curb appeal, and updating outdated fixtures, like doorknobs and cabinet pulls. You can also take a few steps to maximize your home appraisal value, like fixing any issues that will make your home appear older in the eyes of your appraiser.

 

Set Up Your Home Workspace

 

With the home buying, selling, and moving process behind you, you can finally give your business a home. Set up a dedicated office space in your home where you can get down to business right away! Get a few pieces of furniture and equipment that will enable you to work efficiently, incorporate layered lighting to prevent headaches and eyestrain, and add a few personal touches that inspire and motivate you.

 

The process of buying a new home, selling your old one, and launching your business at the same time is bound to be complicated. Make sure you have the right team on your side so things go as smoothly as possible. Whether you're looking to buy or sell your home (or both), contact Charlotte County Realty by calling 941-883-4181 or completing this online form.