Business Growing Pains and Remedies
When you have a thriving business with a growing team, you may reach a point where it’s best for your business to look for more space. This may be the time that you should consider upsizing your home to accommodate your growing business. Here are some tips from Van Allen Plumbing to get you started.
When you decide to upsize your home, be sure that this is the right decision for your company's and your family’s long-term goals.
It is not just important, but crucial that you do some research before buying or selling a property. You need to consider what kind of space and amenities will be required for the size of your company. You also have to look at where will your office be located - are there nearby parks or facilities? What is transportation like? Where will my kids go to school? Is the housing market on an upward trend?
A Real Estate Agent Is Your Best Resource
Real estate agents are like your personal tour guides and experts for finding the right home. They know the ins and outs of each town, and neighborhood, the best time for you to buy, and what questions to ask yourself before making a purchase. They can negotiate the best deals, and help you find the right lender. They know what to look for and what to look out for when it comes to doing a thorough inspection
Sellers are typically more willing to accept offers from pre-approved buyers because it shows that the buyer has the financial resources available to make good on their offer. According to Investopedia, the difference between being pre-qualified and pre-approved is that a pre-qualification is an estimate of how much someone can afford to spend on a home, but a pre-approval means the lender has checked the potential buyer's credit and verified the documentation to approve a specific loan amount (the approval usually lasts for a particular period, such as 60 to 90 days).
Protect Your Investment
Homeowner’s insurance only covers damage to your home's structure, theft of belongings, and injuries that happen on your property. If you want coverage in case home systems or appliances break down, you'll need to invest in a home warranty. This is an annually renewable contract that can cover breakdowns to your heating, cooling, electrical, and plumbing systems, along with covering appliance repairs. Before choosing a home warranty company, be sure to read reviews to find a policy that fits your needs and budget.
Get the Best Business Structure
Choose a business structure that will protect your home and personal finances. If you choose to structure your business as a corporation, then your personal assets will be protected from creditors by federal law. You will have access to free capital and relief from personal liability.
A limited liability company (LLC) offers the same protections as corporations but does not require an attorney because LLCs are governed by state law rather than federal law. Rules do vary from state to state, so check with your local officials to make sure you’re meeting all the requirements.
Grow With Your Business
In order to pave the way for future business success, it can help to return to school for an advanced degree like an MBA. Online degree programs make it easy to earn your master's degree in business while still working full-time or tending to family obligations. The advantages of getting your master's degree online are multifold. You can reduce the total cost of getting your degree and it will take less time to complete it. Students typically have their best learning experience when they are able to study in a flexible way. This will allow students the option of studying in an on-demand format.
Finding a bigger home for your home business is one way to improve your life as well as your company. The idea is that if you have more space to work with, you can create a more productive work environment - providing autonomy and freedom of thought.
Van Allen Plumbing proudly provides complete plumbing services to Nevada. A plumbing repair and replacement professional, Van Allen Plumbing is your only choice in the Reno/Sparks area. Call 775-530-7850.
According to moving company Allied, people relocate for jobs for many reasons, including money, to be closer to family, or simply because their business relocated. Whatever your reason, the experience can bring challenges that you weren’t ready for. This can cause stress and anxiety, but there are ways to reduce these unpleasant feelings by looking ahead before the big day. Here are a few tips from Van Allen Plumbing to get you started.
Prepare for the Job Search
To find a new job, you want to make yourself appear as the best candidate to potential employers. If you haven’t updated your resume recently, using resume templates to polish yours can be helpful to your chances of getting the job you want. You can customize your resume to even feature your photo so you stand out from the crowd. Once you’ve created a design you like, simply download it to use for your applications.
Ask About a Relocation Package Early
If you’re moving for your company or to a new company, ask about the relocation package. This should include full-service moving, temporary housing and transportation, and extra money to help fund house-hunting trips.
Manage Your Time Wisely
A move, especially if you’re moving long distances, can be a big challenge that appears too big to handle. You’ll need to manage the time leading up to the move carefully. You’ll want to break the major components of the move into manageable parts that you can get your head around. It’s important to get a plan in writing that you can reference, come back to, and adjust as needed.
You definitely want to allot time for home repair projects before you sell your current home. If you have any water heater issues, leaks, or other plumbing issues to address, Van Allen Plumbing can get you sorted. Our cost-effective services ensure that any job will get done right the first time.
Find the Right Realtor in Your New Hometown
When you’re moving to an entirely new city or state, it pays to have a realtor that’s familiar with the area on your side. Seek out a real estate team that understands the challenges and nuances that go with moving a family. A quick consultation will help you match with a local expert that can help you make an informed decision on where to live in your new hometown.
Plan Ahead for the Pups
You know that you have to prepare the kids for the long journey ahead, but also don’t forget about your four-legged friends. Before you move, head your veterinarian for a health check, have your pet’s identification updated, and confirm that any stops along the way are pet-friendly.
Choose the Right Home and Location
Whether you’re buying right off the bat or planning to spend the money to rent you have to have a space that works for you and your family. Your agent can help you choose the most affordable neighborhoods based on your budget; they will also help you choose a home with extra space to work if you routinely work remotely or are self-employed.
Get Multiple Moving Quotes
Moving long distances for a job requires a tight timeline. Make a point to get at least three moving quotes, and ask lots of questions. Confirm that the moving company you ultimately choose is licensed and fully insured and has a reputation for being on time.
Take Time for Self-Care
Although it seems like things are moving quickly, you have to slow down from time to time. Take a few hours for yourself each week, even if it’s just 30 minutes every day, for self-care. Something as simple as a warm bath or walk after breakfast can keep your mood even and your spirits high.
Get to Know the Area Before You Move
Moving to a new location where you don’t know anyone or anything is intimidating. Look for events, join social networking groups, or visit your new town’s Facebook page for information about the area. You’ll want to know, among other things, how to register your children for school, which restaurant has the best food, and the location of the nearest hospital.
Gather Your Documents
When you move, you’ll need a pet health certificate for any animals, school records for your children, and your insurance information. Further, if you plan to buy a home, you’ll need information on your income and owning/renting history.
There is no way to get around some of the stress that you’ll experience making two major transitions at once. But, changing your address to pursue a new opportunity might be the best decision you’ll ever make. Keep stress levels low by preparing your resume, planning ahead, and being fully prepared on moving day.
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Creating The Perfect Home Workspace
Running your business from your home offers a number of advantages. You’ll have flexibility, a healthy work-life balance, and you’ll save on commuting and commercial rental space. As you’re developing your business plan and operational strategy, consider what your workspace needs will look like today and in the future and design your home office with your growth potential in mind.
If you haven’t already done so, now is the time to get a business license, determine an appropriate incorporation status, draft a business plan and a marketing strategy, start developing your brand, and set up an invoicing process. This includes making sure you get paid on time by giving customers a variety of payment options and keeping billing terms easy to understand. You can create branded invoices with an invoice generator. Simply download a template and customize with your own fonts, logo, and colors.
Redesigning Existing Workspace
The fastest way to get a home business up and running is to utilize your existing home work space as-is. Ideally, you’ll want office space with a door for privacy that’s removed from household traffic. You’ll be spending a lot of time in your office, so make it a comfortable environment. Paint the walls a calming color, add live plants and up-lighting, and install a workstation that’s comfortable and ergonomically sound. If you’ll be seeing clients in your office, you’ll want space for them to sit comfortably. Even though it’s a home office, it shouldn’t look like a spare bedroom you’re working from. Put diplomas and awards on the walls and don’t allow the space to be shared - it’s not a professional look for clients to see a laundry basket in the background of a Zoom call.
Augmenting Your Space
If you have the ability to build on to or renovate your home to accommodate your growing business, it can be a worthwhile investment that adds to the appraised value of your property. You might build an entirely separate structure, like a casita, or add an office on to your home’s footprint. In this case, consider having an exterior entrance so you can “leave” the house to go to work and “leave” the office to go home. Not only is this more private and professional, according to Entrepreneur, but the delineation between work and home can also be good for your mental health. Since this will be a big undertaking, you’ll want to ensure you get several construction quotes from respected contractors, and make sure you’re building in the features your business needs for today and tomorrow.
Buying A New Home
If your business is growing and your family is growing, you might consider buying a larger home altogether. Consider all of your needs - how close are you to quality schools? Does your spouse commute to work and need to be close to a highway corridor? How much home can you afford? You’ll want something with an established home office space, or a house that’s large enough to easily morph existing space into an office. According to UpNest, you can start your search online, but an experienced real estate agent can be an asset in helping you find a house that fits your specific needs.
A home-based office is a great way to start or grow a business venture, and the best thing - any expenses associated with your home workspace are tax-deductible, so keep good records, establish a process for invoicing, and enlist the help of an accountant when it’s filing time.
Van Allen Plumbing provides top-notch and professional plumbing services in the Reno-Sparks area. Get a quote today!
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Looking for plumbing services to fix your fixer-upper? Then visit the Van Allen Plumbing website to find out more.
Suppose you've just completed a remodeling project and are uncertain of whether to hang on to the finished product for when the market is right or rent it out for future gain; here is some helpful advice to help guide you on whether to rent or sell based on what's best for you.
Deciding on a profitable property
Regardless of whether you intend to sell or rent it out, the property you do decide on should be profitable at the end of the day. Therefore, you might want to look at purchasing a Real Estate Owned property to have that extra assurance that you will make a profit off the sale of one. Furthermore, because it is a bank-owned property, you are likely to find a property at a good price because banks want to get rid of auctioned properties like these as quickly as possible. But before you go ahead and rush into buying one of these, be sure to research the property and the area intensively to determine whether it really is a great buy at the end of the day. Also, be sure to get it appraised to get its actual value in comparison to its market-related price so that you can get a better idea of what to list it for realistically.
The pros and cons of renting it out
If you do decide to rent it out, then you also need to think about taking on the responsibilities of being a landlord, unless you want a property manager to handle these responsibilities for you. Regardless of which direction you choose to go in, there will be pros and cons to renting a property out. Some pros include receiving passive income for years to come; there is less tax associated with long-term rental properties and the value of your property investment is likely to increase over time, which also means your rental income is likely to go up with it. Some cons include the cost of maintaining the property, which could include major repairs such as plumbing to be done, for example. And then, there is the issue of finding the right tenants to occupy the vacancy for as long as needed.
Marketing your property
Suppose you are wanting to become a landlord and see it as your duty to market your property to the best of your ability. Then why not try a banner design that you can find online to create charming banners that you can place on your website or social media to help attract prospective buyers? Moreover, you can customize your banner online with colors, fonts, images, and even videos for Facebook, Twitter, and Instagram to gain even more attention.
The pros and cons of flipping your property
In the event you would rather flip your property as quickly as possible, there are pros and cons to this decision also. Some pros include making a significant profit quickly, as well as not having to tend to the long-term management of the property itself. Some negatives include not getting the profit you initially anticipated, incurring higher capital gains tax, as well as having to cover any unexpected costs that you might not have foreseen, such as contractors not completing their work or not completing their work up to par.
Indeed, property investment is good to look into as there is serious income-earning potential here. However, it is important to do your research properly to ensure you secure the right property from the start.
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Older homes can be elegant, durable, and full of character, but they sometimes require extra upkeep and a different approach to home improvement. This is partially due to the fact that building techniques and materials have changed over the years, so you have to strike a balance between maintaining the quality and character of an older building while also staying up to code when it comes to safety and environmental concerns.
Some homeowners may aim to replace or update anything that is dated or hazardous while also maintaining the home’s original period charm. Others may opt for more radical renovations. Whatever the case, Van Allen Plumbing lists some helpful home improvement guidelines to keep in mind.
Update anything that might pose a safety risk.
Yes, old houses were built to last, but that doesn’t mean all their components have held up well over the years, or that the materials used were all ideal. Here are some older home components that should probably be renovated.
No matter how charming your older home is, some portions of it may be very much in need of an overhaul, for the sake of overall practicality.
Even if it’s not a huge structural or safety issue, it sometimes makes more sense to have the experts take care of a project.
If you’re thinking about selling your older or historic home, but don’t want to invest in pricey updates, here are some easy tasks you can do yourself, to increase the sale value of your house.
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In need of complete plumbing services in the Reno-Sparks area? Look no further than Van Allen Plumbing. Call for a free estimate today! 775-530-7850
Van Allen Plumbing
Van Allen Plumbing offers residential and commercial services in all phases of plumbing throughout the greater Reno/Sparks area.