The New Work Normal??

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

One thing this COVID-19 health crisis has done or is doing is changing how people work. Companies and their employees are finding business still works when employees work from home. They may even be more efficient AND with the potential of workers opting to leave the cities for the suburbs or even more rural settings (as long as there are good internet connections) the Real Estate market in those locations could get even hotter than it is. 

Since 2003, when I was laid off from the corporate world, I've had a home office. and found the benefits of working out of that office were more than I thought. No more long arduous commutes. No need to be ready to leave at 5:30 a.m. or arrive back home at 7:00 p.m. or later. The stress was less. I found this article below interesting.

 

How Is Remote Work Changing Homebuyer Needs?

How Is Remote Work Changing Homebuyer Needs?

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.

According to George RatiuSenior Economist for realtor.com:

“The ability to work remotely is expanding home shoppers’ geographic options and driving their motivation to buy, even if it means a longer commute, at least in the short term…Although it’s too early to tell what long-term impact the COVID-era of remote work will have on housing, it’s clear that the pandemic is shaping how people live and work under the same roof.” 

Working remotely is definitely changing how Americans spend their time at home, and also how they use their available square footage. Homeowners aren’t just looking for a room for a home office, either. The desire to have a home gym, an updated kitchen, and more space in general – indoor and outdoor – are all key factors motivating some buyers to change their home search parameters.

A recent realtor.com-HarrisX survey indicates:

“In a June poll of 2,000 potential home shoppers who indicated plans to make a purchase in the next year, 63% of those currently working from home stated their potential purchase was a result of their ability to work remotely, while nearly 40% [of] that number expected to purchase a home within four to six months and 13% said changes related to pandemic fueled their interest in buying a new home.

Clearly, Americans are thinking differently about homeownership today, and through a new lens. The National Association of Home Builders (NAHB) notes:

“New single-family home sales jumped in June, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.”

Through these challenging times, you may have found your home becoming your office, your children’s classroom, your workout facility, and your family’s safe haven. This has quickly shifted what home truly means to many American families. More than ever, having a place to focus on professional productivity while many competing priorities (and distractions!) are knocking on your door is challenging homeowners to get creative, use space wisely, and ultimately find a place where all of these essential needs can realistically be met. In many cases, a new home is the best option.

In today’s real estate market, making a move while mortgage rates are hovering at historic lows may enable you to purchase more home for your money, just when you and your family need it most.

Bottom Line

If your personal and professional needs have changed and you’re ready to accommodate all of your family’s competing priorities, reach out to a local real estate professional today. Making a move into a larger home may be exactly what you need to set your family up for optimal long-term success.

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

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Rainer
438,285
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Realtor / Author / Advocate/Short Sale

No doubt, the corporate World has had to make an adjustment with some of their workforc,  .  Even my Wife has been working remotely from home for the last 7 yrs.  Nothing like crawling out of bed to the home office, rather than a 25 minute commute, one way.  Cuts down on car wear and tear, gas, tires, clothing, etc.

Aug 10, 2020 08:19 AM #1
Rainmaker
3,486,068
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug,  I travel alot for my corporate job from 1980 to 1996 but since being in Real Estate since 1997, it is a whole new ball game for me and I am doing good at working at home most the time.

 

Aug 10, 2020 08:28 AM #2
Rainmaker
2,207,973
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Doug Dawes - I find this article spot on.  This world of work has changed and will not go back to before.

Aug 10, 2020 09:13 AM #3
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

With the advances coming in technology and the changes forced by this virus things could be much different Grant Schneider 

Aug 10, 2020 10:03 AM #4
Rainmaker
4,934,833
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Doug,

From a commercial real estate viewpoint, there is going to be a lot of office space on the market as well as retail space. A

Aug 10, 2020 10:04 AM #5
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

That['s what people are finding out Dan Hopper. I wonder how this will affect the Commerical Real Estate Market? 

Aug 10, 2020 10:05 AM #6
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Will Hamm 

I found working from my home to be a good fit after I was laid off in 2003 and started a business 

Aug 10, 2020 10:06 AM #7
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

That's what I'm thinking Ron and Alexandra Seigel It seems more people are taking to shopping via the Internet 

Aug 10, 2020 10:07 AM #8
Ambassador
4,269,251
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Doug- the change has been going on for some time but the virus has speeded things up. 

Aug 10, 2020 05:12 PM #9
Rainmaker
3,408,766
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Doug 23 years ago I had to always  go in the office to send fax offers and counter offers.... so I bought a fax machine....20 years ago I realized if I buye a top of the line scanner and top of the line laptop I do not need to go in the office... the only people in the past 23 years I met in the office were my International Clients... the locals we talked on the phone,, we emailed... so since March everyone is working from home... funny I have been working from home for at least 20 years, Endre

Aug 10, 2020 11:41 PM #10
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Ahhh...that's a very good point Kathy Streib I hadn't thought of that

Aug 11, 2020 05:13 PM #11
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Our profession lends itself to working from a home office and utilizing an industry office on occasion Endre Barath, Jr. 

Aug 11, 2020 05:15 PM #12
Rainmaker
4,395,006
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, being in real estate now for 24 years, have had a home office for at least 15+ years, and absolutely love it.   BUT, some make fun of you taking a shower at 2 pm to get to a 4 pm appt.   LOL

Aug 12, 2020 06:22 AM #13
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

We do have a sense of freedom, don't we Joan Cox

Aug 12, 2020 10:22 AM #14
Rainmaker
1,054,051
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

COVID has definitely sparked the boom since April 2020 as it has influenced many to get home-office / kid compatible floor plans: forcing or inspiring many to move and us to get busy!

Sep 03, 2020 09:08 PM #15
Rainmaker
879,448
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

COVID has force change which has, imo, changed the business scene permanently Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets 

Sep 22, 2020 12:54 PM #16
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