Home Maintenance & OrganizationUncategorized August 29, 2022

Upgrading Your Home to Begin a Business

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Guest Article by Katie Conroy

According to the Chamber of Commerce in Navarre, there were approximately 2,070 businesses in Navarre as of 2018. Your business could be number 2,071. Before you begin, though, if you’re using your home for any part of your business, it might be time to upgrade to a larger home.

Know Your Requirements

Take a look around at your current space. Does it have an area for a home office or space to store all your supplies? If your current space isn’t adequate for your business, and you’re sure starting a company is your next step, decide for certain if you should upgrade your home.

Before you start looking, know what you desire in your next home by creating a list of needs and wants. Besides having the space for an office, is there anything you feel your next home could use for your business? Keep in mind that this is where you’ll live, so include any general needs and wants on the list, such as the number of bedrooms and bathrooms.

Also, determine how much you can realistically afford by getting a pre-approval letter. A pre-approval letter shows potential sellers you’re serious about buying a home. You’ll further receive an accurate figure as to how large a loan a lender will approve you for, which means you’ll know your limits. In addition to looking at your pre-approval, calculate your monthly income alongside other bills to help you get an idea of what you’d be comfortable spending on a mortgage each month.

Compare your options for real estate agents carefully to pick one who has your best interests at heart.

Simplify Running Your Business

As you’re improving the location of your business, the last thing you need is extra work, so try to simplify your company’s operations as much as possible. One way to do this is to register your business as a limited liability company in your state. By forming an LLC, you reap the rewards of limiting your personal liability, decreasing your paperwork, and reducing your taxes.

This process tends to involve fees, but you can lower the cost by filing yourself or utilizing a formation service. Whether your new location is in Florida or another state, look into your state’s laws surrounding LLC formation as each state has its own procedures in place.

If you’re unsure of which marketing tactics you want to use, consider using Facebook ads. It’s an inexpensive option and allows you to reach many people at one time. You can even use a free Facebook ad template to create ads with your logo. What’ more, you can choose the different colors and fonts to help make it truly unique. The best part – you don’t need to be a graphic designer to create a great-looking ad.

Besides using social media to market your business, consider posting a blog on your website to lure potential customers. Add content that’s engaging and packed with information. It may also help to post answers on Quora and upload content to Medium to gain more visibility.

Business Success Is Possible

When you simplify your business tasks, you’ll have more time to look for a home that’s right for your business and personal needs. It also helps to have the right marketing tactics in place. Visit the website of Realtor® Susan De León @ Coldwell Banker Realty to find home listings in the Navarre area.