Live Work Units
LiveWork Units
Types of Live Work Units
There are three common types of live work units.
- Urban Lofts
- Storefront Townhouses
- Home Office
Where Are Live Work Units Located?
How Much Are Live Work Units?
The cost for a live work unit will often vary depending on the city and location you are renting (or purchasing) in. A great website to look up property costs online is Zillow.com. Because the zoning laws regarding businesses varies per city, we would highly recommend consulting with a professional real estate broker or attorney before renting a live work unit.
The Benefits of Live Work Units
Shorter Commutes (no commute!) - This is a very important time-savor for the do-it-yourself/do-everything-yourself entrepreneur. By cancelling out over an hour of commute a day, time, stress, gas, and insurance is saved, which gives you more time to be focused on your work.
Lower Combined Rent - Often times a portion of rent or all of it can be written off as business expenses. The savings doesn’t end with just rent, but combined furniture costs, utilities, broadband internet, phone & cable bills can add up in the hundreds.
Ease & Convenience of Working - While it is true that a central living and work location can make things easier to work, it’ll be a challenge of juggling personal from business life.
The Disadvantages of Live Work Units
Privacy - Privacy can be a big issue with live work units. Not only is this an issue with business partners, but also customers and roommates. Privacy can be a big issue when phones ring off the hook, customers are coming in during “meal time” or employees working extra late.
Professionalism for Meetings - While this will depend greatly on the industry your business is in, if the need for a professional looking office is necessary, a “home office” / live work unit may not be the best bet. Live Work Units probably won’t work so well for talent agencies or restaurants, but more for ecommerce and online industries.