OuR Blog

If you own your own home-based business and feel like you’re becoming cramped and cluttered in your current space, you may decide it’s time to upsize your home to accommodate your growing business.

Like a fish that will grow to accommodate its environment, often the same is true for business. The more space you have, the more motivated you are to make use of it. 

How Much is Your Current Home Worth?

Before you start selling your old property, it is important that you do some research on how much value it has in today’s market and how much you could get for it. Find out how much your home is worth and what factors might affect the value. 

You can go online and search for real estate websites that provide the average sale price of homes in your area. If you feel like you may be able to sell your home for what you need, then it’s time to contact a professional realtor who will help you determine the right price to ask for the sale of your property.

If you are selling or buying in the Philadelphia market, then your first call should be to RealtyTopia. From start to finish, your real estate agent will be there every step of the way. 

Choosing the Right Home

There are many considerations to take into account when choosing the best home for your business.

1. Location: The location of a home business is important because it determines where your customers are, how easily they can reach your business and the potential for business growth in the area.
2. Size: The size of a home office is also important because it determines how much space you have available for your furniture and equipment, as well as how much room you have for storage.
3. Price: Consider what it will cost you to operate out of that location and whether or not that price is reasonable or too high compared to other options in the area. Your mortgage lender will tell you how much you can expect to be approved for by submitting to them a pre-approval application. 
4. Amenities: Consider what amenities are included, like a community clubhouse, storage units and if you have children, a playground.

Your Workspace

After finding the perfect home, you will need to make sure that your work environment is set up for success.

The perfect home office is not just about the furniture; there are other things that need to be taken into consideration as well. For example, will you have a natural light source like windows or French or glass patio doors? Can you keep the space temperature controlled effectively? Does it have adequate power sources? You’ll need somewhere to plug in all those devices! 

The key is to make sure you have enough space to work effectively and comfortably without feeling cramped, have plenty of natural light, a desk with a good height, a comfortable chair, and storage space.

It’s best to have shelves professionally built in your office rather than relying on bookshelves. That way, they can be custom-made to fit your needs instead of a one-size-fits-all piece. 

Save Space by Outsourcing

You’ll need less space if you can cut down the number of people working in your office. You may not need an in-office accounts manager or even a full-time assistant. You can find qualified remote virtual assistants and professionals to handle necessary tasks by working with a business process outsourcing agency.  Be sure to check the rates and reviews of any agency before hiring from them, and remember, BPO companies vary in what they provide, so you’ll need to filter for that as well.

By hiring the right real estate firm, you’ll have plenty of help in selling and buying your new home, just be sure and find an agent that you can reach 7 days a week. Know ahead of time what you must have for your office along with what would be nice to have, and go from there. Finally, remember you can always outsource a lot of business duties, meaning you may not need as much space for employees as you think. 

Like that fish in an aquarium, you may just find yourself growing even larger than you ever expected. 

Written by Guest Contributor Theresa McArthur