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  • Writer's pictureMolly Hangartner

Upgrading Your House for Your New Home-Based Business

Written by Emma Croft

You are starting a home-based business and have determined you need more room for your office or workspace. You intend to move into a larger home to accommodate your operation, but you’re not quite sure how to balance everything in the meantime. Fortunately, Homes By Molly has some suggestions regarding how to launch a new business, purchase a new residence, and move all at the same time.

Launching a Home-Based Business

There are a few things you need to do to get started in starting your own home business. First, you need to register your business with the government by filling out some paperwork and paying a registration fee. Once your business is registered, you'll need to get a business license from your local municipality. You may also need to get some permits and insurance for your business. Once you have all the necessary paperwork and licenses, you can start advertising your business and looking for customers. It's important to have a well-thought-out business plan before you get started so you know what your goals are and how you're going to achieve them. Starting your own home business can be a great way to be your own boss and earn a good income, but it's important to do your research and be prepared before getting started.

Augmenting Your Skills

It’s important to assess your own aptitudes when it comes to your business. For example, if you want to launch a tutoring business, it’s probably a good idea to have a background in education. If that sounds like an appealing idea but you lack the background knowledge, here's a good option for covering the gap. An online degree can equip you with the skills to help your business prosper. And with flexible online scheduling, you’ll be able to complete your coursework in a time that works for you.

Hiring Employees

If you are hiring employees, you should consult an accountant to help determine a platform for your payroll services. Most accounting software offers automated tasks for payroll scheduling, direct deposit, and filing taxes. In addition, your payroll platform should give you the ability to manage benefits and allow your employees restricted access to view their records but not modify them.

Searching for the Right House

You’re choosing to juggle a lot, but don’t get distracted during your house hunt. It’s important that you find a property that will meet your personal and professional needs, possibly for several years to come. Start by getting in touch with Homes By Molly and looking at home prices in your area — or the new area into which you plan to relocate — and decide if buying or renting is the best option for you. You may find that a mortgage of this amount would put unnecessary pressure on you and your business to succeed quickly. There is nothing wrong with renting as you get your business up and thriving first.

Preparing Your Old Home for Sale

If you own a home already, you’ll need to take steps to put it on the market before you move. When you're preparing to sell your home, it's important to take steps that will help you get the most value out of your property. One of the best ways to do this is by increasing your home's curb appeal. This can be done by making sure your lawn is neatly trimmed, your landscaping is attractive, and your front door is welcoming. Inside your home, staging is also key. You'll want to remove personal items and arrange furniture in a way that makes each room look its best. Finally, consider making some upgrades that will appeal to buyers, such as fresh paint or new flooring. By taking these steps, you can help ensure that you get top dollar for your home.

Things to Remember Regarding Your Move

Before you move, here are some things you should consider doing. First, inform your clients of your new location. Then, set up invoices, stationery, and business cards with your new address. If necessary, hire an IT professional to coordinate the proper setup of your technology and equipment. Enlist a reputable moving company to ensure your furniture and equipment arrive at your new home intact.

Making the Most of Your Move

Branching out into a larger residence is a daunting task when considering all the factors involved, but it can be done! Be realistic as you look at your home and business choices, and make the decision that best suits your current needs. If you’re concerned about taking out a mortgage while starting your business, look for rentals in your area. Things can always change along the way.

For help buying or selling a home in the Twin Cities area, visit Homes By Molly today!


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