7 Steps to Upsizing Your Home as an Entrepreneur

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7 Steps to Upsizing Your Home as an Entrepreneur

Your home-based business has grown beyond your wildest dreams - and now, you need a larger space to accommodate it. With the help of Realty Navigator, you can upsize to a more spacious home! Here’s how to create an LLC in a new state, advertise your business online, and find the perfect new house.

Form an LLC

If you’re planning to move to a new state, you’ll have to register your company in that state. You can establish an LLC in Florida without paying high fees for a lawyer. Every state has its own regulations for this process, so make sure to meticulously research your new state’s rules before filing.

Market Your Business

Upsizing to a larger home can represent a significant financial investment, so you’ll want to stay focused on growing your business to ensure that these costs are worth it. Marketing is key during this stage. For instance, among the most effective marketing techniques is content marketing. When you create engaging and informative content, you can build trust and credibility with your target audience, which usually ultimately leads to increased sales. Find out more about content marketing here.

Decide Where to Live

Different areas can be more welcoming for home-based entrepreneurs. Look up resources for business owners in your area, as well as zoning laws, which can restrict the types of businesses you can operate from home. Areas can also have regulations on corporate advertising and customer parking in residential neighborhoods.

Create Your Home Budget

You don’t want to stretch yourself thin when it comes to housing costs. MintLife suggests figuring out your income after taxes, listing out all of your monthly expenses, figuring out where you reduce your spending, and then budgeting for a home that is no more than two and a half times your annual salary. Do not agree to view homes outside of your budget - you don’t want to be tempted by a property that you can’t afford.

Tour Properties

After determining how much extra space you’ll need, you’re ready to start touring homes that fit the bill. A real estate agent can set you up with tours at properties that have the features you want. Keep an eye out for homes with comfortable, well-lit rooms that you could use as an office or storage space. You should also prioritize homes that won’t require much maintenance, so you can move right in and save money.

Managing the Buying Process

The homebuying process involves a substantial amount of paperwork, which can be efficiently managed using digital documents such as PDFs. By converting important documents like contracts, financial statements, and inspection reports into PDF format, you can keep all your paperwork organized and easily accessible. 

Taking advantage of free online tools to convert and manage these documents is a smart strategy. Many of these tools allow you to upload various file formats and convert them into PDFs with just a few clicks. This will create a PDF online, ensuring your documents are secure, easily shareable, and readable on any device. Utilizing these digital resources not only streamlines the paperwork process but also helps in maintaining a clear and organized record of all your home buying documents, making the journey to homeownership smoother and more manageable.

Design Your Home Office

As you move in and unpack your boxes, you’ll be able to start designing your home office! To create an office space where you can stay focused for long periods, Parade of Homes recommends choosing practical furniture that supports your back, adding special touches like artwork or photographs, installing bright light fixtures so that your space doesn’t get dark, and incorporating some storage solutions to keep clutter to a minimum.

Upsizing your home is a big decision. But if you need more room for your business to grow, it’s a smart move! With these tips, you can market your business for continuous growth, register for LLC status, and buy a home in your budget range.

Get started finding your next Chesapeake Bay area home at Realty Navigator today!