Upsizing your home for your growing home based business

September 15, 2021

Is Your Business Growing? Upsize Your Home to Accommodate Your Blossoming Home-Based Business

When your home-based business expands, you may find that your current house can’t meet your new needs. When that happens, upsizing might be your best bet. Along with getting more space, upsizing allows you to find features that’ll help your company thrive. If you aren’t sure how to tackle your home search, let Wayne Zuhl and the team help. Start by calling 908-664-1500 x564 today!

Research the Right Way

When people start doing real estate research, they usually focus on their local area. However, it isn’t a bad idea to explore the broader picture. By reviewing US housing market data, you can identify larger trends. Additionally, if you widen your search, you may find that relocating is an incredibly smart financial move.

Along the way, you also want to research any home-based business regulations as you identify viable areas. Some municipalities restrict the kinds of companies that can operate in residential zones. If you want to make sure you end up in a house that will work for your business, research those rules before committing to a purchase.

Focus on the Right Features

Upsizing your home to support your blossoming business means you need to consider two sets of needs: your personal ones and your professional ones.

Before you begin your property search, spend some time creating must-have and nice-to-have lists for both categories. It’s important to separate what’s genuinely essential from features that may be optional. That way, you can focus your search on the things you need, using your wants only after those points are addressed.

From a business perspective, your needs may depend on the type of company you run. For example, if customers visit you in person, you might want a separate exterior entrance into your home office or a separate outbuilding for your business operations. If storage is a concern, a high-quality shed, multi-car garage, or bonus room might handle that requirement.

Just make sure that you cover all of your necessities as you define your needs. That way, you won’t accidentally end up in a house that won’t work long-term.

Plan for Future Growth

Unless the next step for your home-based business represents a peak, you may want to look for a house that won’t just meet your needs today but can give you room for additional growth. That way, you won’t get stuck with a home that doesn’t work if your company expands again.

Work with a Professional

Unless you have experience as a real estate agent or realtor, you’re usually better off partnering with a professional during the home-buying process. Team Zuhl can guide you through your target market, assist with offer preparation, and give you insights to help the purchase go through smoothly.

When you find a real estate professional, walk them through your must-have and nice-to-have lists. As they show you properties, give thorough feedback. That way, they can refine their search faster, increasing the odds that they’ll find your ideal property quickly.

Bonus Tip: Get a DBA Name

If your business is growing, getting a DBA name is a smart move. It can make branching out your offerings easier, as you can separate products or services that don’t mesh with one another with greater ease. Plus, if a domain name or social media handle that matches your current company name isn’t available, you may be able to find some that match your DBA instead, making it simpler to establish your online presence and to market your offerings.

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers’ clients. We cooperate with them fully.