Right now, countless Americans are being forced to move back home. No, we don’t mean that they’re moving back in with their parents; we mean that they’re moving back to their homes to work, leaving their typical offices behind due to the COVID-19 pandemic. Working from home may seem like a dream in theory. You can work in a more comfortable setting and don’t need to worry about commuting, after all. But in reality, working from home can be somewhat complex.
Part of the issue that people have when working from home is creating a proper home office. Without a good home office, it can be difficult to focus on work and get it done efficiently. With that being said, we’re exploring what you need to do in order to construct the perfect, basic home office. Not only can this make it easier when you’re working from home; it can also add value to your house, especially as working from home becomes more common. This is why low interest home improvement loans are often used to fund home office transformations.
But before you add that value to your home, you need to consider a few factors. Let’s dive in!
1. Secure Funding
Typically, a small, basic home office will not be an overly expensive project to undertake. However, it will require a certain amount of funding, usually ranging from $2,000 to $10,000 depending on how much work needs to be done, how big the home office will be, and what types of building materials are used. If you don’t have money ready to pay for your new home office out of pocket, you’ll still have options available. Again, low interest home improvement loans are readily available for people who want to add value to their houses through projects like home office additions. Don’t let funds keep you from building this important addition.
2. Determine the Size and Scope
Some people are able to simply convert pre-existing rooms into home offices, utilizing design services and a few fixes in order to revamp a guest bedroom, for example. But others need to actually build additions for their homes. The latter would involve working with contractors in order to ensure that it is done correctly. Firstly, you should determine how big you need your home office to be. Usually, a very basic home office will require at least 40 to 70 square feet, while a complete home office would require 150 square feet or more. Keep in mind that if you’re trying to take out low interest home improvement loans in order to add value to your house through a home office, you shouldn’t just consider what you want, but what potential buyers looking at your home will need as well.
3. Source Building Materials
You may or may not have a hands-on role in selecting building materials. In general, you will at the minimum be giving your approval for building materials recommended by your contractors. But some homeowners prefer to actually source building materials for sale on their own, selecting them by hand. This can be labor-intensive, and you may lack the ability to get the kinds of discounts or deals that your contractor potentially could. Therefore, you could end up spending more on building materials than you would necessarily prefer.
4. Choose a Contractor
Of course, in the midst of all of this you will need to select a contractor or contractors to work with. Typically, you should interview several different contractors in order to get an idea of how much a project should cost. Take their bids and consider them carefully. Don’t necessarily choose the cheapest contractor if they’re offering a bid significantly lower than what everyone is offering; sometimes a deal really is too good to be true.
Ultimately, what’s most important is that your home office suits your needs, whether your needs are focused on adding value to your home or creating your ideal home office. When applying for low interest home improvement loans, remember that a home office may be quite an undertaking at first. But in the long term, it will be worth it.