Whether you are a freelancer or have switched to remote working during the pandemic, you will need a home office to work from home comfortably. While most professionals try to manage with the bare minimum workstation to save some money, it won’t work so well in the long run.
To boost productivity, you will need to upgrade your home office sooner rather than later if you want to stay comfortable and productive with remote operations. But the cost of a home office upgrade can be overwhelming. It is recommended to have a project plan and budget for the upgrade to manage the task and funds properly.
If you are lucky enough, you may have some savings to invest in the home office upgrade project, but most people may have to rely on borrowing. In the latter case, you can get a traditional personal loan or apply for a guaranteed payday loan with a friendly lender online, which is usually much simpler and convenient than getting a loan from a conventional bank.
According to the Pew Charitable Trusts, 12 million Americans take out payday loans each year, spending $9 billion on loan fees. Since about 48% of American households have less than $1,000 in savings, while 20% have no savings at all, according to a 2023 survey by Provident Bank, a New Jersey-based financial institution, credible online lenders and payday loans have become viable options for many people looking for smaller and immediate payments.
Before we look at some tips on styling up and revamping your home office with the help of pay day loans, here are some facts that you need to understand about this borrowing option.
Benefits of Payday Loans for Home Office Revamps
When it comes to borrowing, banks and traditional lenders are not always the most reliable source. They have countless formalities and the process is often tedious and complex, which makes them less suitable for time-pressed professionals.
In the US, 37 states have specific statutes that allow for payday lending, according to the National Conference of State Legislatures. Other states do not have specific payday lending provisions or require lenders to comply with interest rate caps on other consumer loans.
If you are looking for a quick upgrade for your home office, a friendly accredited and registered online payday loan lender can be one of the best guaranteed funding options.
Here are some benefits of payday loans and reasons why you should consider this alternative funding source.
I. Simple and hassle-free process
The process of securing this loan is quick, simple, and hassle-free. You can get it all done instantly in just a few clicks. You would only need to enter some basic information in a form on the online payday loan website and click to submit it.
The application goes to lenders who assess it against a set of approval criteria. These are quite easy to fulfil, so you have a very high chance of approval and it’s usually approved fast.
II. Quick cash
Once the approval is done, you can expect the loan to be disbursed within a few working days.
The best part is that there is no need to visit the lender or submit loads of paperwork as part of the application and disbursement process.
As soon as you get the cash, you can quickly move ahead with the home office project without any delays. So, there isn’t a need to wait for weeks as is the case with traditional bank loans.
III. Credit score is not a concern
Another reason why an online payday loan is ideal for work from home (WFH) professionals is that it works for almost everyone, regardless of your credit score.
Even if you are struggling with a low score, you can still get approved and move ahead with the project. The reason this is possible is because online lenders are more concerned about your repayment prospects rather than the number on your credit report.
If you have a regular job and a healthy income, you are a good prospect for them.
IV. Convenient short-term borrowing
Even as you invest in home office improvement, you don’t want to be burdened by long-term debt. A payday loan is a great pick as it represents a very short-term borrowing as you repay it with your next check.
The loan term often lasts for a couple of weeks, and the interest burden is also low due to the short-term nature of the loan. You can even use an incremental approach for your project and upgrade your home office in parts, doing something now followed by something else later or from time to time using several small payday borrowings.
You can pick a loan at a short notice and pay it back fast enough, without worrying about extended process and bad credit.
Now let’s highlight some of the best ideas and tips to style up your home office once you have the funds for the project.
Ideas & Tips for a Home Office Upgrade/Revamp
When it comes to upgrading and revamping your home office, it basically boils down to your budget. You can implement a basic and stylish upgrade if you’re willing to spend a few hundred dollars and move on to more upgrades when you have additional funds later.
It’s also possible to choose an online payday loan solution and get a complete makeover for your workspace, considering that you plan to use it for the long haul.
Here are some home office upgrade tips that can transform you home office into a stylish and inviting place that you actually enjoy spending time, while still being super productive:
1. Start with ergonomic furniture
You upgrade list should start with ergonomic furniture because it can make all the difference to your wellness and productivity levels.
If you continue working from the living room sofa, you can expect to have back problems sooner rather than later.
Find the best options in work desks and pick one you like. You may even have a custom piece made-to-order if you have specific requirements.
2. Invest in a new computer
Your computer is an integral part of your home office, and you’ll want the latest model to take your performance and productivity to the next level. Old ones don’t work quite as well.
It may take some investment to purchase a good and powerful computer, but it can give you hefty returns in terms of better work and more work as well.
Compare the options and assess the specifications before you pick one that matches your requirements.
3. Touch up the decor
When it comes to revamping your home office, you cannot overlook a touch up for its decor.
A pleasant ambiance will make you feel positive and motivated, which will show up in your work performance as well.
No matter how big or small your space is, make sure that it is a dedicated space for working from home and has minimal distractions.
Apart from ensuring quiet and privacy, invest in bright wall paint, good lighting, and ample storage for the area as well.
A home office makeover can drive efficiency and productivity even as you work from your living space. It is a worthwhile investment that you shouldn’t ignore.
Fortunately, with regulated short-term payday lenders, you can get the cash you need to make it happened and go ahead with the project without worrying about the financial aspect.
Just be sure to read the terms and conditions of all loans you take carefully, including the repayment fees and interest rates so that you can make the repayments smoothly and on time.
If you're short of money this month, really think about whether you'll have the money plus interest next month before applying for and taking out a short-term payday loan.
Remember, in some jurisdictions, any short-term loan that you take can leave a footprint on your credit record. So, make sure you repay your loans on time and you should have no problems.