Using Residential Property For Home Based Business
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Commercialization of residential apartment is often opposed by apartment owners association and its residents. Every apartment association may have a different take on the same issue. It’s likely that many people to work from home without any idea about the regulations or rules that they may be breaking.
Commercial activity within residential premises is generally not permitted due security reasons, besides being a serious traffic nuisance for the residents. However, the rules allow 20% commercial use in residential units but these entrepreneurs or business must get permission from respective apartment owners association or housing society and its members before starting business or service.
Home based business in residential property
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With the advantage of the wireless internet service providers, people can work from any where at any time. There are number of online or offline works which can be successfully run at convenience from home. Even some reputed companies in India allow their employees to work at home on weekends. An apartment owners or residents can run home based business from their home or apartment. It need not always be online or internet business but they can also run service business from their home or apartment.
- Yoga Instructors: These days life is so fast-paced that professionals and the working population in general have very little time to spare for themselves. Becoming a Yoga instructor is not as easy as it seems. It is a very challenging job which requires a lot of patience, practice and dedication. An instructor should be active, fit and should be able to motivate and also sustain the interest of the student as the effects are slow and gradual. In the present scenario, the demand of efficient yoga instructors is rising, as yoga is considered as a stress buster and an effective way to stay fit.
- Tuition classes: For some parents, tuition classes are ‘ladders’ that help them and their wards to climb to the top and stay there. For some parents tuition classes become a ’support’ and the only option that may help their children to understand lessons taught in class. Basic knowledge of school syllabus, practice and dedication will bring you success in this field.
- Cooking Class: This one of famous and presents a good business opportunity along with teaching what you know. Cooking class helps you teach others what you know and learn or try new recipe to teach. This one of the good businesses for home based business.
- Music or Dance class: This business is famous but need special permission from residents and apartment owners association. This may turn out to be a problem sooner or later when more and more students come to you for learning. Though it is art and cultural form, people may not like the music or noise during their holidays or leisure time.
- Expert Service: This type of business is suitable for people who are expert in some service or senior citizen who retired from government jobs. They can earn money by offering their service. For example, people who retired from Telecom, electricity board or revenue office can guide people in registration, transfer of name, procedure for application or submitting grievance to concerned department.
All activities are not Commercial activities
Commercial activity within residential premises is generally not permitted due security reasons, besides being a serious traffic nuisance for the residents. Commercial activities involve the purchase, production and sale of physical goods. But you must know that all activities are not Commercial activities. According to source, business such as profession, service and teaching certain arts are permitted by apartment owners and association. The work done by professionals involves element of service and not an activity relating to purchase and sale of goods.