Getting Your Home Business a New Home

Have you found that your home business is outgrowing your current space? It may be time to look into buying or building a new home to better suit the needs of your changing business. It doesn’t have to be difficult, though. There have never been more options or easier access to them. These tips from HomeLife G1 Realty will help you get there.

  1. Find Your Real Estate Agent

Enlisting a real estate agent is the foundation to home buying or building success. With the right realty professional, you can save time, effort, and money. You already have a job running your home business; theirs is to help people just like you. They know the market inside and out, they have the connections you’ll need at every step of the way, and they can guide you through paperwork and processes you may be unfamiliar with.

  1. Get Loan Pre-Approval

Getting loan pre-approval is more painless than ever with many online options making it only a few clicks away. Research the available options to see which might be the best fit for you. If you have a limited liability company or LLC, CoBuy notes you might even be able to apply for your mortgage under the name of your business.

If you haven’t formed an LLC, now may be the time to do so, as there are many benefits for the small business owner. An LLC doesn’t only protect your personal assets, it also adds credibility to your company in the eyes of the consumer and potential lenders and investors, as well. You don’t even need to shell out big bucks to have a lawyer file it for you anymore. Now, with the help of an internet filing service, you can become an LLC for little to nothing.

Home Business
  1. Find Your Home

The internet offers some excellent search options showcasing available houses in your area. You’re able to filter these by property type, price, number of bedrooms, and more so you can see only houses that meet your particular criteria. Your real estate agent will be invaluable at this point in the process as he or she can help you navigate the market of the area you are looking in and make your theoretical search a reality, getting you access to the homes and properties that satisfy your needs.

When purchasing a home, you will most likely want to have a professional inspect the premises. They often discover some repairs or adjustments need to be made. This is typical in home buying, and your real estate agent can help you negotiate with the seller to make some improvements or contribute some funding to those repairs as part of your purchase.

In cases where you are buying a home as is, however, you are agreeing to take all improvements and repairs on yourself, relieving the seller of all responsibility. If you choose to take that route, be sure you understand what you’re getting into. As-is homes can come with issues from foundation problems to broken windows, and the price tags to repair these have some serious variance, so research typical costs for the repairs you’ll need before signing an agreement to ensure your purchase is worth it.

Beyond any issues your inspection reveals, also consider what you require for your business. Perhaps you need added parking to allow for deliveries, or an added restroom and waiting area would better facilitate clients coming and going.

If home repairs are not your style, you may opt to build a home. You will be able to choose exactly what you want with this option, though it will likely take more time and money than purchasing a home outright. Your real estate agent can help you find property on which to build and can connect you with construction companies for you and your home business to work with.

Your dream home is within reach. Sort your business and personal needs, work with your real estate agent and your loan pre-approval taken care of, and the rest will fall into place. Just sit back, relax, and let HomeLife G1 Realty guide you through your perfect home buying experience. You and your business won’t regret it.