By Amber Ramsey
If you’re a small business owner operating out of your home, you’re in great company. Income Diary reports that some of the world’s most famous companies began as home-based businesses, such as Google and eBay. As your business grows, you may find that it could use more room. Presented by Polite On Society, discover what options you have when it comes to expanding your workspace to accommodate a growing business below.
Expand your current home office space.
If you already have a home office, remodeling may allow you to upsize the space. For example, if your office is adjacent to a little-used room like a guest bedroom, you could knock down the dividing wall to up the office’s square footage. When you remodel, you can also look for ways to make your office more functional. For example, adding a window can enhance productivity. According to The Boss Magazine, natural light boosts concentration.
As you redesign your space, look for ways to make the most of it. A Personal Organizer provides a handy guide. For example, an ottoman with storage is a great place to keep supplies and minimize clutter, while a foldable desk and chair are an easy way to save valuable space. You can also use room dividers to create a multipurpose room.
Add a separate structure to your existing property.
If remodeling your current home office isn’t an option, look elsewhere on your property. Do you have a larger space that could be transformed into an office? Possibilities include the basement, the garage, or the attic. — not that such areas will likely need extensive renovations. For example, you may need to install ventilation, electrical wiring, or insulation. As a bonus, adding insulation will save you on energy costs, according to This Old House.
Another option is to transform a garden shed into a backyard office. If you don’t have a shed, you can have one installed. Home Business Magazine provides a step-by-step guide to what needs to be done, from drafting a plan to putting up drywall and installing ventilation. If you’re not big on DIY projects, a property development expert can do the job for you.
Build a brand new house with more room on a new property.
If you don’t have space in your existing house or on your property to accommodate a larger home office, you might consider building a brand new structure elsewhere. If you go this route, it’s best to work with a real estate professional. You have to ensure that any land you purchase is structurally suitable for building — and that building is even legally allowed.
If you move business locations, make sure to update your business registration information accordingly. Depending on your state, you may be required to file an annual report confirming up-to-date details like business name and address. Failing to file an annual report can result in fines. The state may even take away your right to do business. Don’t worry: An automatic filing via a service like Zen Business can get the job done quickly.
Above, you have three possible means of expanding your workspace to accommodate a burgeoning business. Whichever route you choose, don’t forget the small details. For example, Convene reveals that plants in the workplace reduce stress. Once your renovations, remodeling, or building is complete, take the time to add such final touches.