FOSTER GREEN BLOG - Bringing Your Dream Home Office to Life

Thinking About Building a Home? Contact Us Today!

Search Our Home Plans

Bringing Your Dream Home Office to Life

Running a business from home has never made more sense. You may find, though, that your current home isn’t set up to accommodate the needs of your growing business. In that case, consider the following ideas to optimize your home workspace.

Need a dependable home builder to design a home that can accommodate your business? Work with Foster Green Design + Build! Call 630-216-9303 to schedule a consultation.

Designing A Home Office

With more professionals choosing to work from home, new organizational tools and technology debut all the time. These offer many ways in which you can utilize your available space to its full advantage.

Begin with an assessment of your office area. Are you using all of your available wall space? You may be able to install storage suspended from the ceiling, attached to walls or on the back of the door. There are many hacks for making a smaller space work harder. And don’t stop there; sometimes the answer lies in a bigger project.

Making Renovations

If your current space isn’t cutting it but moving is out of the question, renovating your current home to support your home office may be the right move. This way, you can tailor your space to accommodate your business needs.

Consider what your most important aspects of a home office are. If storage is your number-one priority, built-in shelves can make a big impact on a small office space. Is privacy or presentation a concern? If your area is large enough, think about adding a closet or otherwise separate part of the office for anything you don't care to have out in the main space you are working and potentially meeting or video-calling clients in. And think about your physical comfort, too. Making your home office ergonomic is also important to ensure your daily work doesn’t have negative impacts on your health.

Once you’ve decided what you want, shop around and get estimates from multiple contractors to make sure you’re getting the best price possible; Corvus Construction recommends three estimates for each project.

Buying a New Home

If there simply isn’t any way to fit your big business dreams into your current space or remodeling is too costly, it may be time to look for a new home. Purchasing a home to suit your business comes with the same considerations you would normally have when home buying, with a few extra requirements.

Your business needs should be a priority, so any office area and storage space you require have to be at the top of your list. Take into account any expansions in your business you might want to make in the future and make sure the homes you look at can accommodate these.

In addition to space, quality internet is a must-have in the digital age. Check with the service providers in the area to ensure the broadband speeds you need are available for both uploading and downloading.

Once you know what you need in a home, you can start shopping for a mortgage. PennyMac Loans details the types of loans available to home buyers, including their rate options and which are easier to qualify for.

Some Choices Are Universal

Deciding where you’re going to work and how you’ll solve your dilemma are a big deal, but you’ll have perks for your trouble. Whichever option you choose, the home office deduction allows you to offset some of the costs of working from home as long as your space and business meet certain criteria. The most notable are that you use the space regularly and exclusively and that it is your principal place of business.

Another tax benefit home business owners can enjoy is the pass-through taxation that comes with forming a limited liability company. Taxes aren’t the only reason to form an LLC, though. Whether you’re starting a business or have been in business for many years, business owners can also benefit from limited personal liability that protects their assets separately from the company’s.

For your home business to succeed, you need to have the right home setup. Consider your options, consult with other like-minded professionals, and do your research. Once you’ve decided what’s best for you and your home business, you can start on the path to making your home office dream a reality.