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.
Van Allen Plumbing
Van Allen Plumbing offers residential and commercial services in all phases of plumbing throughout the greater Reno/Sparks area.