Tag: Real Estate

Mastering the Move: How to Launch Your Home Business While Relocating

Emma Croft

Mastering the Move: How to Launch Your Home Business While Relocating

Image: Freepik

Relocating your home is a significant life event, filled with challenges and opportunities. It’s an especially pivotal time for aspiring entrepreneurs looking to launch a home-based business. The process requires a delicate balance of preparing for a new living situation while setting the foundation for a successful business venture. This article provides practical advice on how to effectively manage both endeavors simultaneously, ensuring a smooth transition and a strong start for your business.

Evaluating Priorities and Making Preparations

Determining What Matters Most

The initial step in this dual-focused journey is to clearly define what is most important to you in both your new home and your business. Are you looking for a bustling community that thrives on supporting local businesses, or is a quiet place more conducive to your creativity and productivity? Understanding these preferences will guide your decisions and help prioritize your efforts.

Getting Pre-Approved for a Mortgage

Securing your financial footing is crucial. Before diving deep into business planning, ensure you’re pre-approved for a mortgage. This not only clarifies your budget for a new home but also solidifies your financial credibility, easing potential stressors about personal and business finances during the move.

Anticipating Future Needs

While it’s important to address your immediate needs, thinking long-term can save you from future headaches. Consider how both your living situation and business might evolve. Will you need extra space for inventory or a dedicated office as your business expands? Opting for a flexible living space that can adapt to your changing needs is a strategic move.

Selecting the Right Community

The community you choose can significantly impact your business’s growth and your personal well-being. Look for regions known for their support of small businesses and overall quality of life. A supportive local government, active chamber of commerce, and vibrant network of entrepreneurs are indicative of a business-friendly environment.

Focusing on Starting Your Business

Earning a Business-Related Degree

Many entrepreneurs venture into business with great ideas but limited knowledge of the intricacies of business management. In such cases, considering further education, like an online accounting degree, can be invaluable. This not only equips you with essential skills such as understanding financial statements and auditing practices but also enhances your overall business acumen. Furthermore, the flexibility of online education allows for a seamless integration of learning into your daily routine, empowering you to manage your business, personal life, and educational pursuits without compromise.

Prioritizing Key Tasks

Once you have settled on a location, focus on the tasks that will generate the most impact. This could mean setting up your home office first or finalizing your business’s legal structure. Identify these critical tasks and tackle them early in the move to avoid unnecessary disruptions.

Networking and Market Research

Networking shouldn’t take a backseat during your move. Stay connected with your existing network and strive to build relationships in your new community. Attend local events, join regional business groups, and engage with potential customers. Simultaneously, conduct thorough research on the local market and competitors. This dual approach will provide you with valuable insights and foster relationships that are crucial for your business’s growth.

Staying Focused Amid the Chaos

The stress of moving can be overwhelming, but maintaining focus on your business goals is essential. Develop a structured schedule that allocates specific times for move-related tasks and business development. This balance will help you stay productive and mitigate the stress associated with relocating.

Starting a home-based business while relocating is no small feat. It demands thorough planning, flexibility, and a proactive mindset. By prioritizing your needs, preparing financially, focusing on essential tasks, enhancing your education, and continuously networking, you can set the stage for a prosperous business amid the challenges of moving. With strategic planning and a focused approach, the transition to your new home and business venture can be not only smooth but also incredibly rewarding.

Discover the epitome of elegance and comfort—contact realtor Eileen Kedersha today and find your dream luxury home in South Florida! 

If you’re looking for a new home that has more space for your new office, or enjoy the Florida Lifestyle, contact The Kedersha Group. feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com. We will help you get started in your new real estate investment business! We have been active real estate investors for over 35 years.

 South Florida Luxury Homes is here to help with all of your real estate needs. Let us know if you have any questions!

When is it Time to Sell Your Home and Move to Assisted Living?

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Photo Credit: Pexels Article written by Brittany Fisher: Financiallywell.info

When is it Time to Sell Your Home and Move to Assisted Living?

No caregiver wants to admit they’re in over their head. However, for many of us there comes a time when we can no longer give our loved ones the care they need. Whether they’ve been living on their own and it’s becoming dangerous, or they’ve been living with you and their needs are too much, assisted living can be a loving solution. This is a big and often difficult choice. Here are a few solid signs that your loved one needs the kind of full-time, professional care they’ll get in an assisted living facility:

Forgetting Medication

 If your loved one needs daily medications, it’s important that they take their prescribed dose at the right time every day. However, memory problems can lead to missed doses, or even accidentally taking meds twice, which can quickly become very dangerous and even lead to hospitalization. In assisted living, the medical staff manage medications for the seniors they serve, eliminating the risk of missing vital doses or accidentally taking too much.
Becoming Accident-Prone Continue reading “When is it Time to Sell Your Home and Move to Assisted Living?”

Unemployment: Hope on the Horizon

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Unemployment: Hope on the Horizon

Unemployment: Hope on the Horizon | MyKCM

Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.

Last month’s report indicated we initially lost over 700,000 jobs in this country, and the unemployment rate quickly rose to 4.4%. With the release of the new data, that number will climb even higher. Experts forecast this report will show somewhere between a 15% – 20% national unemployment rate, and some anticipate that number to be even greater (see graph below):Unemployment: Hope on the Horizon | MyKCM

What’s happened over the last several weeks? 

Here’s a breakdown of this spring’s weekly unemployment filings:Unemployment: Hope on the Horizon | MyKCMThe good news shown here indicates the number of additional unemployment claims has decreased week over week since the beginning of April. Carlos Rodriguez, CEO of Automatic Data Processing (ADP) says based on what he’s seeing:

“It’s possible that companies are already anticipating some kind of normalization, opening in certain states and starting to post jobs.” 

He goes on to say that this doesn’t mean all companies are hiring, but it could mean they are at the point where they’re not cutting jobs anymore. Let’s hope this trend continues.

What will the future bring?

Most experts predict that while unemployment is high right now, it won’t be that way for long. The length of unemployment during this crisis is projected to be significantly shorter than the duration seen in the Great Recession and the Great Depression.Unemployment: Hope on the Horizon | MyKCMWhile forecasts may be high, the numbers are trending down and the length of time isn’t expected to last forever.

Bottom Line

Don’t let the headlines rattle you. There’s hope coming as we start to safely reopen businesses throughout the country. Unemployment affects our families, our businesses, and our country. Our job is to rally around those impacted and do our part to support them through this time.

Recession Fears may be Exaggerated

Eileen Kedersha

Recession Fears may be Exaggerated

The Housing and Mortgage Market Review (HaMMR) by Arch Mortgage Insurance Company has found that Housing Market Trends are now nearly the complete opposite of conditions in the months prior to the Great Recession, according to Dr. Ralph G. DeFranco, global chief economist for Arch Capital Services.

Research on how past recessions affected home values shows current conditions will have a less severe impact on housing than the recession in 2008 did. DeFranco says “A recession is inevitable at some point, but it’s likely to be far less severe for the housing market than the Great Recession,” He goes on to say that “We estimate that the current market is underbuilt by 1 million or more homes, buyers are more cautious and loan quality is far higher. In 2007, conditions were completely flipped: housing was hugely overbuilt, speculative demand was off the charts and the market was awash with high-risk loan products.”

Franco further states, that the quarterly Arch MI Risk Index, a statistical model based on nine indicators of the health of local housing markets, suggests that the probability U.S. home prices will be lower in two years is 9 percent, an increase from 6 percent in the previous study.

In Florida, an Arch index infographic suggests that Florida home values have only a 6 percent chance of declining in two years. However, a higher risk (25 percent) in Miami suggests the chances are even lower in the rest of the state.

Nationally, the overall risk of a decline in home prices remains better than the historic average of 17 percent. Every state is expected to have positive home price growth over the next two years, continuing recent trends.                                                                                          © 2019 Florida Realtors®

Eileen Kedersha, Broker Associate One Sotheby’s International Realty – Kedersha Group 954-561-4100 EKedersha@OneSothebysRealty.com

 

Local South Florida Counties February Summary Real Estate Sales Data

Eileen Kedersha
Eileen Kedersha, Broker Associate, EKedersha@OneSothebysRealty.com
William Kedersha, WKedersha@OneSothebysRealty.com
One Sotheby’s International Realty – Kedersha Group
Your Trusted professional real estate agents serving our clients for over 25 years
954-561-4100 800-696-3100 Fax 888-954-3535https://www.sfloridaluxuryhomes.com/