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How To Make a Successful Home-Based Business Move in Las Vegas

How To Make a Successful Home-Based Business Move in Las Vegas

Starting a business and moving into a new home are two big life events – especially when they’re being done at the same time. Sometimes it’s a necessity, especially in cases where your home isn’t big enough to house both your family, and your growing enterprise. Fortunately, a bit of preplanning can smooth the process. I Love Las Vegas Realty can be a resource for all of your property needs.

Consider Your Requirements

When you’re relocating both a home and a business, it’s important to consider the needs of both before making any decisions. For example, if you have kids, you’ll want to consider neighborhoods in close proximity to good schools; a site like Great Schools can help you narrow down your options. If you’ll be seeing clients and customers on-site, you’ll also want to be close to transportation corridors. Start by making a list of your business needs and your family needs in terms of location, home size and layout, and amenities. If you’re searching in the Spring Valley Las Vegas area, or looking at Nevada real estate in general, a local real estate agency can be an asset.

Crunch Your Numbers

Before you start looking for a home, determine how much you can reasonably afford to spend. If you have an existing house to sell, factor in the anticipated sale proceeds, and the length of time necessary to sell in the current market. A seasoned real estate professional or mortgage lender can help you determine the price range you qualify for. Keep in mind, if you’re running a home-based business, according to the U.S. Internal Revenue Service, you can write off a portion of homeowner costs as qualified home office expenses.

Start House Hunting in Las Vegas

When you start looking at houses, you’ll want a location with separate office space that’s set apart from main living areas. A home with a casita or a dedicated office with an exterior entrance is ideal. If you need room for product storage or conference space, take that into consideration. If you plan to hire employees or independent contractors to work on-site, you’ll need room for them as well. Also consider your short and long-term personal needs. Expanding your family? Think about the room you’ll need to comfortably accommodate everyone.

Consider Buying As-Is Homes in Las Vegas

Some homes are listed for sale “as is.” In other words, even if a home inspection turns up problem areas, the owner is under no obligation to repair them prior to closing the sale. This approach can give you a marketplace advantage, as well as a good financial deal, especially if you’re handy and can do minor repairs on your own. You’ll want to use caution, however, and consult an attorney to look for red flags, review the property inspection, and conduct a title search. A Las Vegas real estate agency can help aid the process as well.

Planning The Move in Las Vegas

Once you find the perfect home, it’s critical to time your move so your company can get up and running in short order. The U.S. Small Business Administration recommends establishing your new business in advance by getting your business license and forming your limited liability company, or LLC, using the new address. An LLC gives you  protections from some forms of liability, provides flexibility, and will make it easier to file taxes. You can do the legwork yourself or pay an attorney, but the best bet is to use an online formation company like Zen Business to handle the details. Formation laws vary from one state or another, so learn yours in advance.

Moving to a new larger home can be a great way to get your business and your family off to a great start. Conduct your due diligence, select your home wisely, and you’re sure to set yourself up for success.

For expert insights into the Southern Nevada real estate market, such as Summerlin and Henderson, contact I Love Las Vegas Realty via phone or email.

Photo by Pixabay

Credit: Megan Cooper

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