How to Buy a Home and Launch a Business Simultaneously
If you want to become an entrepreneur but your home just isn’t suitable for running a business, you may be thinking about moving. Buying a home and launching a small business at the same time is no easy feat! Both are incredibly time-consuming projects that will require your undivided attention. That said, there are several steps you can take to make the process easier, including working with the team from Towne & Country Real Estate. From forming your business to selling your home, this quick guide will help you stay organized throughout the process.
Establishing Your Home-Based Business
A lot of work goes into starting a business. While you may be tempted to rush through the boring stuff, it’s important to develop a business plan, evaluate your financial footing, and complete your legal paperwork. If you’re trying to gain a foothold in a highly specialized field like IT, earning certifications and even a masters’ degree can do you a solid. The point is, take the time to lay the legal groundwork for your budding business. Doing everything right from the start will maximize the potential for your business to grow unhindered by regulations and legal issues and take on the competition!
Buying a New Home
Once you get the ball rolling on your new business, you can start looking around for a home that will better suit your personal and professional needs. Begin by creating a list of essential features that your new home must have. For example, if you plan on welcoming clients to your home, you may be looking for a property with a detached garage that you can convert into a client-friendly home office.
Of course, you will also need to consider costs when hunting for your new home. Determine how much home you can afford before you start shopping around — there’s no sense wasting time touring properties over your budget! This is also a good opportunity to check your credit score and get pre-approved for a mortgage. Also, get to know the local housing market so you have a better handle on what to expect. Once you understand your affordability, get in touch with Naples Listed to get the search started!
If you can’t find a home that fits your needs, it may be worthwhile to consider a custom-built home. Just plan this project carefully. Working with an experienced custom home builder is essential, so be sure to check their reputation and visit other homes they’ve built in your area.
Selling Your Current Home
When you’ve finally found the perfect home, it’s time to get your current home ready for sale. Clean, declutter, and take great listing photos to post online. Selling a house is a complicated process, no matter how prepared you are. If you’re juggling a new business at the same time, it’s best to hand off this task to a professional.
A great real estate agent will help you set an effective listing price for your home so you can maximize your chances of a quick sale. Beyond this, your real estate agent will take a lot of the work out of selling your home so that you have more time to focus on building your new business!
As you navigate the steps involved in buying a home and launching a business, be careful not to neglect the small details. Register your business properly, get pre-approved for a mortgage, and work with Towne & Country. Take it one step at a time and you’ll be able to move on to the fun parts before you know it! Reach out to the Towne & Country team today! Call 412-487-5010.