Written by Megan Cooper @ reallifehome.net
(Photo via Pexels)
Moving while starting a new business is quite the undertaking. However, to accommodate the needs of a home-based business, it may be a necessity. Rather than having to find a separate property to rent, purchasing a new home can be a cost-effective solution. It can also maximize the amount of time you spend on your work and maximize your family time.
If you are considering moving to a new home while launching your new endeavor, there are some important things to know. Experienced realtor Seth Peterson shares his top tips for having a stress-free move while you start your new company.
Create a wish list of the home you want personally and professionally.
Don’t buy the first house that looks good and is on budget. You don’t want to make decisions in haste for fear of missing out on the perfect property. Before browsing available homes online, create a wish list of everything you want in your new home. It should meet both your personal needs, as well as your professional needs.
For example, if you’ll be launching an online store, you’ll definitely want to look for properties with ample storage. If you have bulky equipment or specific requirements to hold a business license, you will need to ensure that your new home meets every specification. Once you’ve created a list of must-haves, you can more confidently enter the buying process.
Search for the perfect home.
Once you have your completed new home wish list, you will officially be ready to formally begin your search. Ensure that you research each potential property as much as possible. Review home prices before deciding on where you want to live and thoroughly read all of the property details that are available to you. You certainly don’t want to overlook any important notes (e.g., structural issues) that could cause you problems down the road.
Also, if you are thinking of taking advantage of the benefits of forming an LLC, be sure to read through all applicable rules and regulations. If you are moving from out-of-state or to a different state, this step will be especially critical. Because each state has different regulations around forming an LLC, you will need to confirm that you know what is needed. Also, you can avoid hefty lawyer fees by filing yourself or by using a formation service.
Consider building a new home to meet your exact needs.
Occasionally, those who are looking to move to a new house to accommodate the needs of their business will discover that there isn’t a pre-existing home in their area that is suitable. In these instances, it is wise to look into building a custom home.
When you work with a skilled contracting group in your chosen city, you can design a home that is perfect for your life and your new business. From creating the office of your dreams to a fully compliant work kitchen for your baking business, there truly are no limits. When building a custom home, you can either use land that you purchase or reserve a custom home in a planned community nearby.
Hire a skilled realtor.
Among all of the strategies you can use to make the home selling/buying process as effortless as possible, hiring a skilled realtor is a must-do. By itself, launching a business is time-consuming. However, when you attempt to sell your home (and buy a new one) by yourself on top of those duties, you will feel completely overwhelmed. Leave the hard work involved with buying and selling to an experienced realtor who will work overtime to make your life as easy as possible. If you are buying or selling in the Madison area, trust Seth Peterson for all of your needs.
Even though there are a lot of moving pieces to keep track of, relocating while starting your new business doesn’t have to be an excessively stressful experience. Although there will be long days and hard work, following the strategies above will deliver the best possible outcome.
Seth Peterson provides expert guidance for individuals and families who are looking to buy or sell in and around Madison, Wisconsin. Review testimonials and find out what your home is worth today!