Considering Renting A Small Space For Your Business? Get Property And Build Your Own Business And Home Instead
Do you need a small storage area, office space, or work area to run your own business, but you don't want to rent a commercial property or area where rent is high? You may want to consider building your own small shop on some property. This area could not only be for your job, but building a house on the property could be beneficial as well.
If you want to be able to work out of your home and you have a small business, meet with a real estate agent about getting the property that you need. Here are a few things to consider in this process.
Get Acreage
You want to get enough acreage to have the space you need. This means that you can put up a house, and then a large enough garage to work out of, or even a separate building. If you don't want to be crammed next to neighbors that you have to see every day, or you don't want a small lot that you would find in a subdivision, you want to find a piece of property with a few acres. Ask a real estate agent about the options currently available, and ask what the right size property would be best for your needs.
Look at Modern Construction Options
There are many great barn or building options that can be built to match the house perfectly, and that can compliment the property and look great. This means that you build a home, and then the added garage space or office that you have on the property has the same siding, brick, roofing, and other materials that you have on the home. The real estate agent should be able to match you with a builder that has experience doing this type of construction project.
Have the Business Pay Your Mortgage
If you have a separate space for the business, you can charge your business rent. This means that you can then use that rent to pay for your mortgage. Taking money out of the company to pay the mortgage can have some tax benefits and can help with taxes and writing off costs at the end of the year.
Talk with a real estate agent about what you want to do and the type of property that you will need. Then they can help you find a couple or few acres and a builder that can design what you want. This way, you aren't wasting money renting a space, and instead you own your own property and buildings.
