Has your business outgrown the limits of your home? If your kitchen table is covered in
business paperwork and your bedroom is full of inventory, it might be time to upsize into a
bigger space. Moving into a home with adequate space for your business will give you the
breathing room you need to think clearly and keep your business organized. You’ll also gain
more room to expand your product selection or offer new services. If you’re thinking about
upsizing to support your growing business, keep reading!
Find a Great Real Estate Agent
Start looking for a good real estate agent who can answer any questions you have about your
local housing market. For example, Alfriend Group can provide you with resources and
information about the Central Ohio market! Find a real estate agent who understands your need
to upsize and wants to work with you to find the perfect home for your family and your business.
Keep Learning Online
If you’re thinking about going to school to earn a degree in business, consider studying online
during your move. Earning your bachelor of business degree online will allow you to manage
your move and keep your business running smoothly while going to school at the same time.
Whether you pursue a degree in accounting, communications, or business, your degree will
help you become a more effective and resilient business leader!
Consider Forming an LLC
As your business grows, it’s important to be proactive about important business management
matters. If you’re still running your business as a sole proprietorship, consider upgrading to an
LLC. Forming an LLC will ensure your personal assets, including your new home, are safe from
business-related liabilities. You can avoid hiring a lawyer by filing your formation paperwork
through an online formation service. Just make sure you understand your state’s rules around
forming an LLC first!
Invest in Proper Insurance
Insurance is another important safeguard for you and your business. As a home-based
business owner, you’ll need to purchase both home insurance and business insurance. This is
because traditional home insurance policies do not cover home-based businesses.
You may even want to invest in a home warranty. A home warranty will cover your home’s
systems and appliances, offering coverage for repairs or replacements, so you don’t have to
worry about major out-of-pocket expenses if something happens to your heating, cooling,
plumbing, or electrical systems. Research home warranty policies and be sure to read online
reviews so you find one that best fits your needs and budget.
Look for a Functional Home Office
When hunting for your new home, keep an eye out for rooms that could function as your home
office. Ideally, your home office would have good natural lighting and enough space for the
business activities you perform in a typical workday. Make sure the home office is situated a
decent distance away from busy common areas in the home. It will be much easier to focus on
your work when you’re far from the kitchen and living room!
Plan for Enough Storage Space
If you’re looking to upsize your home, you’re probably looking for more storage space for
business-related supplies and inventory. Carefully evaluate the available storage in the homes
you’re viewing. To determine how much storage space you need, Organized Interiors
recommends taking stock of your possessions and forming a loose concept of how your things
might fit into another home. When you’re touring homes, check out all the storage areas and
take measurements, so you have an accurate idea of the home’s total storage area.
Moving into a bigger home is an exciting experience. You’ll finally have enough space for your
growing business! Prepare for a smooth house-hunting experience by working with an
experienced real estate agent, making note of your home-based business needs, and
researching your insurance options. In the meantime, consider going back to school to earn an
online business degree and forming an LLC to support the growth of your business!
Are you preparing to buy or sell a home in Central Ohio? Visit the Alfriend Group website for
essential real estate resources specific to the region. Don’t hesitate to give us a call if you have
any questions! (614) 395-1776