Remote Work: Change in Home Needs. Is It Also Time For A Change In Your Home?

Many homeowners have learned in the last year that their needs in a home are changing, especially with the development of remote employment. If you’ve been yearning for a dedicated home office or a change of scenery, now’s the time to find a property that meets your changing requirements.

Working from Home Isn’t Just a Trend

Only 21% of people worked from home prior to the pandemic. You’re not alone if you’ve lately learned that remote work is your new normal.

According to Statista and Upwork’s study of hiring managers, 37.5 percent of U.S. workers will work remotely in some capacity in the next five years (see figure below):

Working from Home Allows You To Have More Flexibility and Choices

If you fall into this category, working from home could open up doors you didn’t know existed. Because of the growing popularity of remote work, a section of the workforce is no longer required to work in a certain location. Rather, it allows those workers more freedom in terms of where they can live.

If you’re one of the almost 23% of employees who will work entirely from home, you can relocate to a lower-cost-of-living area or to the location of your dreams. You’ll be able to acquire more house for your money if you look for a property in a more reasonable neighborhood, giving you more possibilities for your dedicated office space and more breathing room. You may even move to a region you’ve always dreamed of vacationing in – somewhere near the beach, the mountains, or simply an area that boasts better weather and community services. Without your job binding you to a specific area, you’re bound to locate your ideal spot.

Relocating within your local region to a residence that is further distant from your workplace could be a terrific alternative if you’re one of the nearly 15% of people who will have a partially remote or hybrid schedule. Because you won’t be commuting to work every day, a somewhat longer commute from a more suburban or rural area in exchange for a property with additional features, space, or comforts may be a worthwhile trade-off.

Many homebuyers are already taking advantage of their increased flexibility, according to The Counselors of Real Estate (CREcurrent )’s Top Ten Issues Affecting Real Estate report:

. . . after years of apparent but variant trends towards urbanization, the pandemic universally caused a movement away from urban cores, particularly for those with higher incomes who could afford to move and for lower-income individuals seeking lower costs of living

Bottom Line

If your needs in a home have altered as a result of your remote work, it may be time to relocate. To begin prioritizing your house needs, speak with us today!