Four Benefits of a Home Office
According to Stanford Professor of Economics, Nicholas Bloom, working from home makes you happier and more productive. During a TED Talk, Bloom explained a study in Singapore where half of the staff worked from home four days a week.
Once the two-year study was completed, Bloom found that employees who worked from home exhibited increased productivity due to fewer distractions and unnecessary conversations. Those who worked from home also remained at their jobs longer.
Moreover, it helps to have a dedicated work space. Are you ready to work from home? Read on to learn more.
Start with a Home Office
Since you don’t have to commute, you can save on the costs of gas and maintenance for your vehicle. Yet, it is nice to have a space where people know you are working. It should be free of distractions, such as a location right outside your home.
An option for a durable home office are Quonset sheds. These are prefabricated and arched steel buildings.
This means the structure can be bolted together easily and quickly. And, you don’t have to worry about interruptions from well-meaning house mates.
Just walk over to your office, and you have the place all to yourself. You can work as long as you like, at any time.
Save on Child Care Expenses
When you work from home, you can cut down on the thousands spent for child care expenses. You can drop off and pick up your children from school without having to seek permission from your boss.
You can also take them to appointments as needed. If needed, you can work in the evenings so that you can watch them during the day.
Yet, what’s more important is you get to spend time with them. Even if it means just being in the same building all day long.
Increase the Value of Your Property
As an increasing number of people are shifting to self-employment–the trends in homes are also changing. To illustrate, many buyers will pay more for homes with dedicated home offices.
They’re willing to spend around $2,000 more than the asking price for a home office. And, there are the tax deductions that go along with working from a home office.
If you use a Quonset shed, then you qualify for a tax deduction since there is a clear separation between your office and your household. Your deduction is based on the combination of all of your office-related expenses.
You can also multiply the square footage of your office by $5. As a result, you can take a deduction of up to $1,500. This means more money in your pocket.
Be Your Own Boss
There is something to be said for running your own office. Of course, you will need customers to make money. Nonetheless, you can decide who you work with and how.
Instead of being at the mercy of your boss—you also get to decide if you want to fire a client. And, you can work anywhere.
The studies prove it, and countless people who work at home all testify to the benefits of working from home. Plus, having your own office space–within walking distance of your home is priceless.