Updated: Jun 30
You’re ready to take your home-based business to the next level. The only problem is that your current living environment isn’t cut out for both work and family. Now, it’s time to find a home that meets the needs of your business, family, and other pursuits. Real estate professional John Trapasso Jr at EXP Realty has shared some tips for identifying and purchasing the ideal property for your home-based business!
Research As-Is Properties
As-is properties typically require extensive renovation and repairs, but they also offer an opportunity to save money by buying at a lower cost than traditional homes. You can allocate the funds you save to any necessary renovations or improvements you need to make to get the property where it suits your family and business needs. Just remember to thoroughly inspect the property and land records and consult an attorney before committing to a specific property!
Determine Your Essential Home Features
You don’t want to start shopping around for a home before you understand which features and characteristics are most important. Think about what you need to run your business efficiently at home and keep your family healthy and happy in the process.
Do you need extra space to store inventory or supplies? Do you need a specific kind of environment to work effectively and meet with clients? Make a list of all the features and characteristics that would help your business succeed and your family thrive, and use it as a guide as you search for potential properties.
Hire a Reputable Realtor
Finding the perfect home isn’t always easy, so it pays off to hire an experienced realtor who knows their way around the local market. John Trapasso Jr. can help you find properties that match your criteria while also offering valuable advice on negotiation tactics, renovations, and more. Plus, we may be able to give you access to exclusive listings that aren’t available elsewhere!
Develop a Business Plan
Once you secure a new property, you’ll need to develop a business plan that outlines how you will use the new space and make it successful. Consider the products or services you want to offer from this location, and create goals based on those offerings. Your business plan will serve as an invaluable reference point as you set up shop and build your company.
While you’re at it, consider forming an LLC for personal liability protection and tax benefits. An LLC is simpler to manage and maintain than some other common business structures, and you can enjoy the benefits of running your own business without making yourself vulnerable to legal or financial issues. Besides, you can have a formation service do most of the work!
Create Business Cards
After you’ve set up everything in your new home office, it’s critical not to forget one essential task – promoting yourself! You can significantly enhance your content with business cards, which will go a long way in building your local and online presence.
Create some simple, eye-catching business cards with all your contact information so customers know how to reach you with questions or inquiries about your services or products. Luckily, it’s easy to make business cards with an online template!
So, you’re ready to move your personal and business belongings to your new home. Now, you’ll want to pack everything correctly and securely — such as packing fragile items with plenty of cushioning — so that nothing is damaged during the move. Take inventory of all the things you plan to bring, and create a checklist for each room to ensure you don’t miss anything.
If possible, hire professional movers to make the process more efficient and less stressful. With proper planning, you’ll have no trouble relocating your belongings quickly and safely before starting your next chapter in the new home.
It can be challenging to find the ideal home for your business and family, but making a plan in advance can keep you from becoming overwhelmed. Consider as-is properties on your house hunt, work with a good realtor, take care of all the necessary business tasks, and follow the other tips in this article. Doing so will prepare you for success in entrepreneurship and family life as you settle into your new living environment!
Do you need to buy or sell a home in the Raleigh area? Look no further than John Trapasso Jr. with EXP Realty!
All real estate is local. In order to make confident real estate decisions, we believe it is important for you to have timely and neighborhood-specific information. If you would like more information about buying a home in NC, our experts at EXP Realty are here to help. Contact us today to speak with a EXP agent about buying homes or land in North Carolina.