Moving to Start a Business? Get All the Help You Need Here
Location, location, location. It's everything when buying a house, and it's just as important when starting a business. Location influences a company’s market, costs, and scalability. In other words, where you live has a big impact on your ability to make a living as a small business owner. That's one reason so many people are moving to Texas. With its booming economy and business-friendly climate, the Lone Star State is the ideal destination for entrepreneurs.
However, starting a business in a new town is intimidating, to say the least. On top of buying a home and moving, you have to get everything in place for your startup. Pulling it off won't be easy, but Yellow Rose Realty is here to help.
House hunting and your home-based business
Many entrepreneurs today start at home. Home-based businesses are affordable and agile, great for a bootstrapping startup. However, buying a house is complicated on its own, let alone when you need it to pull double-duty.
What to look for in a live-work property
The best live-work homes are properties with accessory dwelling units or finished outbuildings. A detached building lends privacy and professionalism to home businesses. You can also buy a home with space to build an ADU. First, perform due diligence to ensure zoning and building codes permit the addition.
When a home office is located within the home, opt for a location away from the main activity hub. A private entrance and half bathroom take home offices up a notch.
Pre-owned vs. new construction
Home offices are in high demand right now. Rather than compete in the competitive housing market, consider new construction. New construction gives buyers the ability to customize and many builders offer enticing incentives. Buying new construction is a bit different from purchasing a pre-owned home, but Yellow Rose Realty can guide you through the process.
5 services to help with your big move
Speaking of help: You're going to need it if you want to hit the ground running after your move. Here are five services that take a bite out of moving and starting a business.
A local real estate agent
Websites like Zillow and Trulia have made it easier than ever to shop for homes. However, they can't tell buyers what they really need to know when moving to a new city. For inside information on the best neighborhoods, connections to quality service providers, and up-to-date market data, you need a local real estate team like Yellow Rose Realty.
Start your relocation off on the right foot by letting professional movers handle the heavy lifting. Whether you pack yourself or opt for a full-service move, outsourcing your move saves a ton of time. Just be sure to hire reputable movers lest your move becomes more stressful. Ask for references, avoid companies with a recent name switch, and get everything in writing.
Business formation services
While movers are busy packing up your old life, focus on starting your new one. After picking a name, a business formation service can file the paperwork required to legally form your business. Many small business owners choose an LLC because it offers liability protection without all the complicated tax and filing requirements of corporations.
Paperwork is just the first step. You need to establish a web presence, design a logo, and craft a marketing plan before launching a business. Marketplaces like Upwork, 99 Designs, and Freelancer.com make it easy to hire freelancers for your startup.
Buying a new house always comes with a long list of small jobs. From assembling home office furniture to changing the locks, you can hire a handyman for anything you need on the gig economy. Apps like TaskRabbit, Handy, Thumbtack, and Porch connect homeowners to on-demand home services in their area.
There's a lot to do when buying a house and starting a business. So why do it alone? From real estate experts to Jacks of all trades, there are people just waiting to help with your big move. Contact Yellow Rose Realty today and start searching for your new live-work home.