WFH Business Tips for Upsizing Your Home

Your home business is going well. It's going so well, in fact, that you’re out of space in your current home. Whether you need to upsize for a bigger office, more storage space, or any other reason, it’s essential that you live somewhere that allows both your business and family to flourish.

You basically have two options here:

  1. Undertake an addition and renovate your current home.

  2. Sell your current home and buy a new one.

You may already know the answer. Or, you might have no idea where to start with your decision. Either way, these tips from Ashleigh Richards will help you prepare for your next chapter!

Tend to Your Business

First of all, you must keep your business strong as you prepare and transition into this new life stage. Whatever you do, don’t stop managing your company and working toward your goals. Make sure you have all the tools and equipment necessary to work remotely; this may mean finding technologies that allow you to accomplish more with less gear.

You also want to maintain your marketing strategy as you search for a new house and plan your relocation. It might be more important than ever to build brand awareness so you can hit the ground running as soon as you move into the new home. If you’re moving to a different city or state, be sure to conduct market research and adjust your marketing strategy accordingly.

One way to boost awareness is to create an attention-grabbing banner for your website, social media pages, and other digital accounts. You can design banners online with this free template and customize them via font, color, text, and other elements to mesh with your brand.

Create a Budget

How much home can you afford? That is perhaps the most important question to answer whenever you want to purchase a property. Use an online mortgage estimator to determine what style, size, and layout of house you can qualify for without risking dire financial circumstances down the road.

Also, if you haven’t sold your old home yet, speak with your real estate agent about how much you might be able to sell it for. Be conservative with your estimation to leave yourself a cushion in your budget.

Once you start getting numbers together, create a budget for your upsizing project. Figure out how much you can put down on your new house and reasonably pay each month. Don’t forget to include room for hidden and unforeseen costs throughout the selling and buying processes. And, of course, keep your moving, personal life, and business expenses in mind.

List Your Home Needs

There are many factors to consider when upsizing to a home that keeps your business and family thriving. Your top priority should be that each of your household members house where they need to live comfortably, healthily, and safely. You want to consider home features and amenities, as well as the home's proximity to regular activities.

Your home office is also a big deal. It’s also the fun part! Take time to think about what you need from your office, and draw out a detailed design on paper so you can plan and shop for any new furnishings, decor, and gear you need. If designing your office or home by yourself is too much to take on during the transition, don’t hesitate to hire an interior designer like Ashleigh Richards!

Check Out the Housing Market

Lastly, thoroughly research the housing market in your desired area. Don’t skip over cost-effective options like as-is properties. If you can put in a bit of sweat equity, you can score a stellar deal on this type of home. Just don’t sign the direct line without examining the land records, inspecting the property, and consulting an attorney.

Congratulations — your business has outgrown your current home! Now it’s time to figure out what you need from your new home, create a budget, and scour the housing market to identify the ideal property. And don’t forget to use an online banner maker, invest in other necessary tools, and keep your business strong through the transition.

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