Oct 18, 2021 / by Zach Pyers
In 2020, there were over 31 million small businesses in the United States. If you’re ready to put your entrepreneurial spirit to the test and start a small business, you’ll need an office or storage space if you have products to store. If you aren’t keen on spending money renting, utilizing your garage for a small business is a great option to help you save money, especially when you’re just starting out.
Separation of Work and Home
If you have been working from home for the past few months, you’ll understand the importance of having a dedicated space for work. While it is possible to run a business from your bedroom, there are a number of distractions that might take focus away from your work, whether it’s housework that you haven’t finished or your family making noise in the next room. Having a separate work arse in the garage will eliminate these distractions. The extra space will also allow you to store any products or items for work, ensuring you are organized and know where you can find anything that you need for your business.
Options for Customization
One reason you might choose to get a commercial garage instead of renting a space in a building is because it allows for flexibility when it comes to designing or choosing the size or type of space you require for your business. You have the choice of creating a space that best suits your needs and your budget. Commercial garages are customizable whether you need more space, additional windows or doors, or if you want an extra open, sheltered space attached to the garage.
Affordability of Buying a Garage vs Renting an Office Space
Of course, it’s ideal to already have a garage space free from clutter where you can easily transform into a working space for your small business but that isn’t always possible. If you have additional space on your property, you can always buy and construct a detached garage for your business. While renting an office space might be tempting because of the low initial cost, having a detached garage might save you money in the long run. Some companies even offer rent to own pricing for the garages so you won’t have to worry about paying a huge sum upfront. Owning a space also allows for flexibility where you have the freedom to use extra space in any way you deem fit without worrying about landlords or building regulations. You can also save time and money by cutting down on travelling between your home and office space.
If you’re looking to expand your business in the future, it is also worth considering that it’s easier to simply add extra space to a detached garage instead of looking for a bigger space to rent. This also does away with the hassle and cost of packing and moving to a new space. Whether it’s setting a clear boundary between home and work, the range of options you have when designing your garage space or the affordability, these are just a few reasons why a garage space might be the perfect place to run a small business.