44 Harpur Street, Bedford, MK40 2QT

6 reasons why co-working is cheaper than home-working

If you’re an entrepreneur or freelancer, you may be tempted to work from home to save money on rent, utilities, and other overhead costs. However, have you considered that working in a co-working venue can actually be cheaper than working from home? Here are a few reasons why:

  1. No need to pay for utilities: When you work from home, you’re responsible for paying for all utilities, including electricity, water, and internet. When you work in a co-working venue, these costs are shared among all members, making it much more affordable.
  2. Lower rent: Depending on where you live, the cost of rent can be astronomical. By working in a co-working venue, you can save money on rent as you only pay for the space you need, and you don’t have to worry about committing to a long-term lease.
  3. Access to professional equipment: If you work from home, you may need to purchase your own equipment, such as printers, scanners, and copiers. In a co-working venue, these expenses are covered, and you have access to top-of-the-line equipment, which can be a significant cost savings.
  4. No home office deductions: While it’s true that you may be able to deduct home office expenses on your taxes, the process can be complicated and time-consuming. When you work in a co-working venue, you can deduct the cost of membership fees and other expenses directly on your taxes, making it easier and more efficient.
  5. Reduced distractions: Working from home can be challenging, especially if you have children, pets, or other distractions. By working in a co-working venue, you can eliminate these distractions and increase your productivity, which can ultimately save you time and money.
  6. Access to networking opportunities: Co-working venues offer an excellent opportunity to network with other professionals and entrepreneurs. By building relationships and collaborating with others, you can increase your chances of finding new clients or partners, which can ultimately help you grow your business and save money in the long run.

In conclusion, while working from home may seem like a cheaper option initially, it can actually be more expensive in the long run when you factor in all the additional costs associated with home-based work. By working in a co-working venue, you can save money on rent, utilities, equipment, taxes, and distractions, while also gaining access to networking opportunities that can help you grow your business.

We would love to welcome you to co-work with us! We have daily and weekly options available at fantastic prices!