People who want to work as a “freelancer” or work from their homes, they need the following to setup their home offices.

Room (A place which you can turn into your home office)
Computer System (minimum Core 2 duo recommended, though it depends on the type of jobs you will be working on. I am saying this because for data entry projects you dont need to have a high speed computer)
Internet connection (DSL connection recommended, again it depends on your job type, for web developers they need to upload/download files via ftp …