5 Affordable Ways to Set up Your Dream Business in Your Home in Northern Nevada

Are you thinking about starting up your own home-based business in Northern Nevada? It turns out you’re in good company. Approximately 42% of the U.S. labor force now works from home full-time. That’s a huge number of home offices! If you’re starting a work-from-home venture and you don’t yet have a decent space for your work, here are five tips for setting up your dream business in your home.

If you’re purchasing a Northern Nevada home, be sure to connect with skilled realtor Torry Johnson for her local expertise! Call (775) 588-6130 or email [email protected].

 

Make Strategic Renovations

Adding more room to your home can be costly; Fixr prices the average house addition at $55K. To avoid the expense of renovating, analyze your home to see if there are any existing rooms you can rethink as an office space.

A few possible options include a spare bedroom, a formal dining area, basement or even a large closet. If you need to provide a separate entrance for your clients, your garage or an outdoor shed might even fit the bill. Look at your home with fresh eyes to see if there is a space you can carve out to meet your needs.

 

Buy a Home That Already Has What You Need

Does the thought of renovating your current home make you cringe? Don’t worry! You can always sell your home and buy a new one that already has the professional space you need. Realtor Torry Johsson can help you find a good home in Northern Nevada that will work well for both your business and your family. Just be clear about what you’re looking for and let your agent know your budget in advance.

If you know your current office is too small for your needs and you require one that’s a bit larger, be smart when home shopping. Research the market so you’re well-prepared; for instance, a quick look will tell you that homes in Zephyr Cove sell for a median price of around $965,000. That makes it all the more important to work with your agent so when the right property pops up, you can snag it.

 

Design Your Personalized Office Space

You can save money on your home office if you design the space yourself instead of relying on an interior designer to do it for you. Even if you aren’t experienced in design, you can play with design apps like MyVirtualHome or SketchUp for inspiration. As you sort ideas, keep your daily workflow in mind. Try to set up the room so that you can work efficiently with easy access to all your supplies, files and professional tools.

 

Thrift and Repurpose

You don’t have to drain your bank account to furnish your home office with high-priced furniture. Thrift shopping is a great way to find durable furniture with lots of character. Also check with your local Habitat for Humanity, as they sometimes receive large donations of cabinets, bookshelves and other office supplies from local businesses. You may have to put a little work into making these items look new, but the savings will be worth the effort.

 

Enjoy Your Benefits

Choosing your workspace and accoutrements is just one phase of properly setting up a business, and while it can be daunting at times, it can be a lot of fun. Another enjoyable benefit from having a permanent workspace at home is the deduction on your taxes. Credit Karma explains that with a dedicated space, chances are you’re entitled to this little kickback.

While you’re thinking about legal concerns and their benefits, if you haven’t decided yet what type of business structure you want to form, look into the perks of a limited liability company. An LLC is a popular choice in Nevada because it offers tax advantages over other types for a home business, plus there is greater personal financial protection if your business is ever sued.

Starting an at-home business can require a sizable investment of time and money. Following these five tips can help you set up your dream business in your Northern Nevada home while saving as much money as possible in the process.

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