How to Select That Bigger Home Your Growing Business So Desperately Requires

 

Seize Your Moment

If your home-based business has grown at an exponential rate, then you might be wondering how to expand your current home so that you can cater to the needs of your current business. More often than not, you probably won’t be able to do the necessary adjustments in terms of space and cost, so it may just be better to look for bigger premises instead. Here’s a guide on how to settle on your next bigger and better home quicker.

How to Select That Bigger Home Your Growing Business So Desperately Requires

If your home-based business has grown at an exponential rate, then you might be wondering how to expand your current home so that you can cater to the needs of your current business. More often than not, you probably won’t be able to do the necessary adjustments in terms of space and cost, so it may just be better to look for bigger premises instead. Here’s a guide on how to settle on your next bigger and better home quicker.

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Find out the profit you’ll make on your current home

Of course, a big component of being able to afford a bigger property is how much profit you’ll be able to get from your existing property. Furthermore, this could determine how much of a down payment you’ll be able to put down on the property of your dreams, and in turn, affect what your mortgage repayments will be. Moreover, the more money you are able to save the better, especially if you plan to reinvest it into the further growth of your business.

Find your new home

Once you have a reasonable estimate of your budget for your new home, it’s time to begin your home search. It’s wise to assess local market conditions before searching for a home. You want to understand factors beyond home price such as local schools and climate to make the best choice possible.

Ready to move to Boca Raton or Palm Beach? Trust ONE Sotheby’s International Realty broker Eileen Kedersha to help you find the perfect home!

Establish a moving budget

Here the emphasis is on moving because there will be a lot of variables to consider and plan for from when the moving process starts to the little steps in between to get your home office move-in ready and then continuing on as your business grows from strength to strength. From a moving budget perspective, you’ll need to take into account moving expenses, decor expenses, hiring someone to help set up your home office for you as well as the cost of disruption associated with moving your current business over to your new property.

Up your business acumen

As you work through your move, you may decide that you want to improve your business savvy. As you are looking at the options available you may decide that pursuing a business degree is worth your while. Fortunately, that’s easier than ever for a business owner with the aid of flexible scheduling online. You can work toward a degree in accounting, management, or marketing when it’s amenable to your schedule, even as you continue to operate your business.

Establish your business in a new state

 

Assuming you are moving across state lines with your business, you’ll need to ensure you comply with all requirements for operating a business in your new state. Fortunately, it’s easy to start an LLC with the help of a formation service. They can walk you through all the major steps to getting set up, including all the filing requirements. Best of all, they can even file all the paperwork for you, making the process affordable, simple, and straightforward.

Insure your home and business

 

Be sure that you’ve planned your insurance coverage appropriately for your new home. It’s important to investigate different plans and coverage offerings to ensure that both your home and business are adequately insured. You can compare various home insurance offerings if you’re looking for options. Read up on each policy’s details to find out what is and isn’t covered.

Making your upsized upscaled dream office a reality

 

As far as your dream office goes, you’ll need to ensure that it meets your minimum requirements, especially if you are going to be doing the bulk of your business there. Besides having the right equipment and office furniture in there, you’ll also want to ensure it’s inspiring at the very least.

Therefore, don’t hesitate to incorporate a bit of personality into the room if you don’t want your typical standard office look by staying away from the more traditional corporate color scheme. Also, make sure the home office is big enough for all that’s required of it as well as what’s to come, such as for example a larger space to store inventory to be able to fulfill expected demand or a separate space that serves as an archive of sorts to store excess paperwork and important documents, etc. You’ll also want to ensure your new office space has enough electrical outlets, is compatible with Wi-Fi, has ample natural light coming through, etc.

Perhaps you’ve always envied the look of customized wallpaper and think it would make a great addition to your new office. If this is the case, you could find custom wallpaper easily online. For example, the peel-and-stick option is excellent if you want the option of moving it around if the first try at positioning it doesn’t work out the first time.

In summary, upsizing your home to cater to your growing business is super exciting as essentially you’ll be getting a bigger home as a result of your booming business — which is a definite win-win any day!

Working with experienced real estate agent Eileen Kedersha saves time finding the perfect property and earns you a better sales price on your current home.

Explore the home listings offered by Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, Let’s Connect: 954-462-3600 | https://www.sfloridaluxuryhomes.com/ |  EKedersha@OneSothebysRealty.com.

Tips for a Successful Home Makeover

Tips for a Successful Home Makeover

From time to time, every home could use a little sprucing up. Whether it’s a fresh coat of paint or a brand-new kitchen, home renovations can brighten up any living space. But before you start tearing down walls or picking out tile, there are a few things to keep in mind.

Article Written by: Brittany Fisher

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Types of Home Renovations

 

There are many different types of home renovations, from small projects like painting the kitchen to large projects like adding an addition. The type of renovation you choose will depend on your needs and budget. Some common types of home renovations include:

  • Kitchen renovations: Kitchen renovations can range from painting the walls to gutting the entire space and starting from scratch. If you’re planning a kitchen renovation, be sure to talk to a contractor about your options and get an estimate of the costs.
  • Bathroom renovations: Like kitchen renovations, bathroom renovations can be as simple as painting the walls or as extensive as replacing tile or installing a new shower. When planning a bathroom renovation, be sure to consider your needs and budget.
  • Flooring: Flooring is one of the most important aspects of any home, so it’s important to choose materials that are durable and easy to clean. Again, get a cost estimate from contractors to get a feel for the budget and timeline.

Continue reading “Tips for a Successful Home Makeover”

Accessible Homes: What to Look for and How to Prepare for the Move

Accessible Homes: What to Look for and How to Prepare for the Move

Author: Patrick Young  Image: Pixabay

Accessible homes make things much easier for disabled individuals and seniors, but it can often be tricky to find the right one. There are so many factors to consider: location, price, and the home’s ability to take on changes if it doesn’t meet your needs as-is are just a few. There’s also your budget to think about, as well as finding a great mortgage lender who will work with you. When it’s time to look for a new home, it’s absolutely crucial that you start with a great plan, so you won’t be faced with any nasty surprises down the line.

You can get started by making a list of all the things you want in a home. Does it need wide doorways and open spaces for ease of movement in a wheelchair or other mobility equipment? Lowered counter-tops? Bathroom safety features? Think about your specific needs and which ones will be most important to you, both now and in the future.

Here are a few more things to think about when it’s time to look for an accessible home.

Check Your Credit Score

In order to get the best deal on the right home for your needs, it’s imperative that you check your credit score before you do anything else. There are several details that go into financing a home, including your debt-to-income  ratio, how much credit you have, and your down payment amount (some loans, like an FHA loan, offer low down payments and less stringent qualification requirements).

Having a great score isn’t enough these days to secure a loan; you also need to have built up enough credit to show the lenders. Do a little research online and get familiar with the requirements — and myths — that come with securing a home loan. Getting a copy of your credit report  will help you figure out what you need to concentrate on as far as taking care of outstanding debts. Try to be patient; it can take some time to raise your score.

Location Is Important

When it comes to buying a home, location is always important; the school district, proximity to doctors, friends, and family, and neighborhood  are all things you’ll want to look at before making a decision. Every person living with a disability has different needs, so consider the things that will make your life easier. If you don’t drive, for instance, you may want to look for something that is within walking distance to the places you frequent.

Look for Modification Possibilities

 There are many homes out there that have been made accessible for various abilities, but you may find a home you love that doesn’t already have those changes. If it’s within your budget, you might be able to make the modifications yourself, but it’s important to do a little homework first. Find out whether the sellers will be willing to lower the price and get an estimate of the amount it will take to add the things you need. Bigger changes might include widening doorways, adding a walk-in shower, or pulling up the carpet and adding hardwood or laminate flooring to prevent falls. Smaller modifications might involve painting, changing out knobs for handles or easy-to-grasp levers, or installing grab bars in the bathroom.

Prep for the Move

Moving is always a big job, but with the right preparations, you can ensure that everything goes smoothly. Declutter your home before you start packing and keep everything organized and neat once you start boxing things up, so you don’t risk an injury. Finding and securing the right movers will also be helpful during this time, and you should also check to see if you qualify for  financial assistance for home modifications.

Finding the right home for your accessibility needs may take some time, so give yourself plenty of breathing room. Start planning early in order to reduce stress during the process and ask for help from friends and family when it’s time to move. Staying safe is a priority, and with some assistance, you can make the process an easy one.

Need help finding a home that is either can adapt to the needs of  person living with a disability or wheel chair friendly? Give us a call we are ready to help you. Eileen and Bill Kedersha One Sotheby’s International Realty, Fort Lauderdale and Weston FL 954-561-4100 or Ekedersha@OneSothebysRealty.com