Setting up a home office: How much does it cost?

Setting up a home office can come with some costs and challenges, especially if the space is small or shared with others.

Creating a home office by remodeling an existing room can be a cost-effective way to enhance your workspace.

Through this article, GTax will provide you with some basic information about the costs when setting up a home office in Vietnam, here are the costs you need to pay attention to:

  • Basic home office remodel

Cost: About $1,500 – $3,000

This cost estimate is based on the assumption that you already have a room that can be converted into a home office with minor flooring, paint, and electrical upgrades.

The average cost quoted is $2,500 reflecting a basic conversion, including minor floor adjustments, a new coat of paint and necessary electrical modifications to optimize the use of electronics. and lighting the workspace.

However, personal preference plays an important role in determining the final bill. A larger room may require more paint or flooring materials, and choosing between luxury finishes and budget-friendly options can make a significant difference in price.

For example: The price of Joton Paint in a 15 liter box is about $100 – $250, but the price of regular paint of the same volume is about $40 – $80.

Furthermore, complex design elements or custom-made furniture can drive up costs.

For example, a custom made desk will cost between $100 – $300 per square meter. The price of a pre-made desk made of MDF/MFC board with 1.1 meter long iron legs costs about $30 – $50. Or a luxury desk will cost from $500 – $1000.

It’s always wise to consider these factors and possibly get multiple quotes to ensure your vision fits your budget when planning a remodel.

  • Custom features and additions

Cost: About $1,000 – $4,000

Many people see more than just a simple room when they think of a home office. They want environments enhanced with special elements that support their specific work habits. These additions add both function and aesthetic value, whether they are built-in bookcases for avid readers, device-specific cabinets, or custom desks that perfectly fit the space.

However, such customizations come at a price. The variance in cost primarily stems from the intricacy of your design, labor requirements, and the quality of materials chosen. High-grade woods or specialized finishes, for instance, can elevate the overall cost considerably.

  • Soundproof your home office

Cost: About $500 – $2,500

A quiet environment is paramount for concentration and productivity. If your home is bustling with activity or located in a noisy neighborhood, soundproofing will become a valuable investment. Soundproofing options are varied — from basic wall insulation to specialist acoustic panels or even double-glazed windows. Each option offers a different level of noise reduction and comes with its own price.

The final cost is determined not only by the materials but also by the extent of the area needing soundproofing and the intensity of labor involved. Assessing your exact needs and budget will guide your choices in this area.

  • Professional Organizer Services Additional

Cost: About $250 – $670

A well-organized workspace can significantly enhance productivity and reduce daily stress. Enter the realm of professional organizers — experts who specialize in decluttering spaces and setting up efficient storage systems.

These professionals assess your workflow, equipment, and paperwork to design a space that promotes easy access and streamlined operations.

The variance in their fees reflects the project’s complexity, the time spent, and the reputation or experience of the organizer. Investing in such a service often pays off in the long term in terms of work efficiency and peace of mind.

Conclude:

As you can see, creating a home office through a room remodel can be done for an average cost of around $5,000, assuming you have a room ready for conversion.

However, the final costs will depend on your specific preferences and requirements for your ideal home office space.

When using GTax’s services, Consultants will help you consider the advantages and disadvantages of each option and advise you on the best solution for your needs. 

How to establish a business in Vietnam?

Following are the steps for your reference:

  1. Decide on the scope of your business;
  2. Rent a business location;
  3. Choose company type;
  4. Decide on the company name and capital structure;
  5. Apply for Investment Registration Certificate (IRC);
  6. Apply for Enterprise Registration Certificate (ERC);
  7. Open a business bank account;
  8. Complete all post-incorporation requirements.

Compiled by  GTax Accounting Service

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