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Buying and Selling Commercial Real Estate: Tips for Beginners


About Me

Buying and Selling Commercial Real Estate: Tips for Beginners

Hi, my name is Maxine, and over the years, I have loved watching the property values in Australia rise. Through that time, I personally have bought and sold a number of properties and started to build up a savings account due to the money I have earned. In addition to earning money, I have learned a lot about real estate. I have picked up tips on everything from spotting a "diamond in the rough" to knowing when to be flexible on sales prices. If you want to learn about buying and selling commercial real estate, this blog is perfect for you. Please, take a look at these posts and enjoy reading!

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Keep Your Home Office Open & Running Through Your Move With These 5 Essential Tips

Moving to a new home can be stressful as well as exciting, but if you have a home office that also needs to be packed up and moved, you have even more to worry about than the average person in the midst of a move. Luckily, there are ways to streamline the process of moving your home office without losing any productivity. If you want to keep your home office running throughout the removals process, take a look at these essential tips:

1. Make a plan to prioritise moving the items you need to work

If you want to be able to work as soon as you arrive at your new place, make a list of whatever you need to make that possible. Depending on the type of work you do, you may only need a laptop or you may need a range of supplies.

Make a list of these items, and figure out a plan to pack and move them so they can be one of the first items unpacked. That may meaning packing a few work boxes that journey to your new place in your car rather than in the back of the removalist truck, or that may mean loading the drawers of your desk with essentials so that as soon as the desk comes off the cheap removalist truck, you are basically ready to start working.

2. Organise licenses, permits and approvals before you arrive

Of course, supplies are not the only thing to need to keep your office open and running. If you run a salon, walk dogs, counsel people or operate any other business that requires local permits or approvals, you need to make sure that you are licensed and ready to go in your new location.

The Australian Business Licence and Information Service (ABLIS) has all of the resources you need to learn about licensing or permit requirements in different parts of the country. Do not delay making these calls or filing the necessary paperwork. Ideally, you should start on this part of the process as soon as you know about your move.

3. Purge or make digital what you no longer need

Just as you need to diligently prepare your essentials so that you can open your office on day one at your new location, you also need to diligently get rid of whatever you don't need. After you have identified your essentials, identify items that can be discarded or donated. Ultimately, purging before your move will make unpacking faster and help you avoid losing valuable work hours.

This is also a great time to digitise paper items. Consider scanning and saving paper so you only have to move a few USB thumb drives rather than several giant filing cabinets.

4. Use photographs, tape and small bags to organise electronics

If you want to open shop on the first day, you certainly don't want to waste a lot of time wondering which cord belongs to which computer or other details. So that you don't have to, take a picture of all of your electronics before moving them. That way, you have a ready visual reference of how to set everything up.

Additionally, when removing cords, roll them up, tape them together and write where they go on the tape. If you like, stick these cords in a plastic bag and tape it to the item with which they correspond.

5. Track business and personal moving expenses separately

Make sure to track your business moving expenses separately from your personal moving expenses so that you can claim those deductions on your taxes. For example, you may be able to write off the cost of tape or moving boxes used in your home office as a business expense, while tape or boxes used to pack your bedroom or lounge are not deductible.

Tracking expenses won't necessarily help you to get started right away, but if you remember to write down everything and claim those expenses on your taxes, it will lower your tax burden, and financially, that can make it easier to take off a little time during your move.