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How to Renovate Your Home When Your Business Is Growing

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How to Renovate Your Home When Your Business Is Growing

 

As a small business owner, you want to see your company succeed and expand. However, a growing company often needs more space. If you operate your business from home, you can make renovations to accommodate your increased workload. EnrolledAgent.com shares a few tips on how to do so.

 

Make Space for a Home Office

If you have a spare room in your house, you can transform it into your dream home office. Areas such as guest rooms, dining rooms and larger walk-in closets can be redecorated and turned into workspaces. You can also renovate your attic, basement or garage. These spaces may require additional work if unfinished. Ensure the room has adequate insulation, electricity and ventilation to make your office safe and functional.

 

If you don't have extra space in your house, you have a few options. First, you can build an addition onto your home or a separate structure on your property and convert it into an office. Also, consider moving to a place large enough to balance your business and personal responsibilities.

 

Invest in Quality Office Furniture

Apartment Therapy notes that great office furniture can help you stay on task and accomplish more. When creating your home office, look for pieces that enhance the room's form and function. For example, if your work requires a high-tech setup, consider buying a desk with cable management features. You should also account for comfort and ergonomics if you spend significant time seated. Items like task chairs, keyboard trays and monitor risers can help you maintain a healthy posture while you work.

 

Optimize Your Space for Productivity

When designing your new home office, you should make choices that support productivity. Bringing more light into your office can help you stay focused and energized. Decorate with soft colors and glossy textures that boost natural light during the day. Task lighting can illuminate workspaces like your desk into the evening hours.

 

According to Progressive Desk, a well-organized desk free of clutter can help you avoid distractions, appear professional and find peace of mind while you work. Start by removing any unnecessary items from your office. Invest in storage solutions like desk organizers and filing cabinets so that everything has its place.

 

Hire Professional Services to Help

Creating a new home office can be a lot of work. Fortunately, there are professionals and services that can guide you through the process. Interior designers and home organizers can help you balance practicality and personal style.

 

As a home-based business, some particulars come into play such as paying for property tax, which is determined by an assessment. You should consult an accountant or tax professional such as one found through EnrolledAgent.com, as office improvements are often considered business expenses and may be deductible from your taxes. Home business tax deductions are essentially the costs that are incurred while running a business. These include the physical use of space in your home used for business purposes, so you can claim the square footage (as a percentage of overall square footage of the house). The same goes for rent if you’re living in an apartment or rented house.

 

In addition, you can reduce paperwork and keep your taxes simple by forming an LLC. Avoid legal fees and save money by filing yourself or hiring a formation service. States have varying requirements, so check your state’s regulations before you proceed.

 

Your home office should be a room that inspires you and helps you avoid distractions. By renovating your home, you can create a workspace that allows you and your business to continue to thrive.

 

Image via Pexels

 

Article written by Ted James

Finance24th September, 2021

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