Sometimes the monotony, loneliness and silence of working from home can be too much to bear for any telecommuter. The unprofessional environment - toys scattered everywhere, a disorganized living room and doggy paws on the floor - can be a handicap on your career and productivity. Perhaps renting an office space is the solution.
This is due to the fact that a growing number of professionals have started working for themselves, or they have become freelancers or they’ve been given remote benefits. In either case, a lot of remote professionals begin to ask themselves: can I get things done at home or would it be better if I rented an office space?
Both settings offer a tremendous amount of advantages: working from home allows you to save money, be with your family and avoid office politics; working at a rental office space gives you a professional working environment, while it also gives you the opportunity to engage with others.
Are you an at-home worker interested in renting an office space? Here are five questions you should ask yourself before you move ahead with this decision.
1. What can I gain?
Before embarking upon a new office in a downtown location or at those new businesses that offer rental suites, you must ask yourself: what can I gain by renting an office space? There are many reasons why you would want to: you want to invite clients to your office and speak with them; you want a space where you are not distracted; and you need to work in a professional environment in order to get work done. These are all understandable reasons, but is there any way you could accomplish this with a home office?
2. Is this a wise financial decision?
Office rental spaces don’t come cheap. It can cost anywhere from $250 per month to $2,500 a month. Unless you’re earning a huge salary telecommuting then it may not be a prudent move as far as your bank account is concerned. So if you’re in the market for an office rental, ask yourself: can I afford this? Will this measure come with financial gains?
3. Do I want to have a morning/afternoon commute?
What’s interesting about working from home after so many years is that we start to relish in the idea of commuting once again. Whether it’s by car or public transit, we sometimes think of how great it was to be on your own heading to work. Think about it: you have your headphones on, you’re reading the newspaper or you’re drinking coffee and spending time with others. Or, more importantly, you get to walk and stretch your legs. By working from home, these opportunities are rare. If you’re interested in having some sort of commute then an office rental space may be the solution. However, you may regret it down the line when gas prices start rising, or when someone on the bus hits you with their military-size backpack, or when it’s freezing cold with heavy snow.
4. Can I grow my business with an office space?
An office space rental may be beneficial if you have several employees in your business, you have an abundance of documents and equipment and you host a lot of in-person meetings. In some cases, an office space can really grow your business because, as mentioned above, you can meet clients, as well as interviewing potential investors, employees and prospects. If you think you can sustain growth and ensure profits that will also help you afford an office space rental then go for it.
5. Could I save on taxes?
Depending upon where you live, you could garner a tax break on either your home office or an office rental space. Both are for professional reasons so you can lower your tax bill this way. However, the question then becomes: which one is more affordable and which option gives you a bigger tax break?
Perhaps the solution to this dilemma is to have a mixture. Since companies provide temporary workstations, you can work a part of the week at an office and at home for the other part of the week. The most important thing to consider is the monetary aspect of it. By working from home, you save money on transportation, rent, food and so on. These financial benefits far outweigh other elements of working in an office space. Transform your home office and make it professional.