Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?

By
Real Estate Agent with Champion Real Estate Group 0561240

Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you're longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs.

Working from Home Isn't a Passing Fad

Before the pandemic, only 21% of individuals worked from home. However, if you've recently discovered remote work is your new normal, you're not alone.

A survey of hiring managers conducted by Statista and Upwork projects 37.5%of U.S. workers will work remotely in some capacity over the next 5 years (see chart below):Remote

Working from Home Gives You More Flexibility and More Options

If you fall in that category, working from home may provide you with opportunities you didn't realize you had. The ongoing rise in remote work means a portion of the workforce no longer needs to be tied to a specific area for their job. Instead, it gives those workers more flexibility when it comes to where they can live.

If you're one of the nearly 23% of workers who will remain 100% remote, you have the option to move to a lower cost-of-living area or to the location of your dreams. If you search for a home in a more affordable area, you'll be able to get more house for your money, freeing up more options for your dedicated office space and more breathing room. You could also move to an area you've always dreamed of vacationing in somewhere near the beach, the mountains, or simply an area that features better weather and community amenities. Without your job tying you to a specific location, you're bound to find your ideal spot.

If you're one of the almost 15% of individuals who will have a partially remote or hybrid schedule, relocating within your local area to a home that's further away from your office could be a great choice. Since you wont be going into work every day, a slightly longer commute from a more suburban or rural area could be a worthy trade-off for a home with more features, space, or comforts. After all, if you'll still be at home part-time, why not find a home that better suits your needs?

According to the latest Top Ten Issues Affecting Real Estate from The Counselors of Real Estate (CRE), many homebuyers are already taking advantage of their newfound flexibility:

. . . 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 you've found what you're looking for in a home has changed due to remote work, it may be time to make a move. Lets connect today to start prioritizing your home needs.

 

 

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Shayne Email Signature

Comments (5)

Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Shayne!

Working from home may provide you with opportunities you didn't realize you had. The ongoing rise in remote work means a portion of the workforce no longer needs to be tied to a specific area for their job. Instead, it gives those workers more flexibility when it comes to where they can live.

Jul 27, 2021 06:27 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The pandemic has changed a lot of lives and changing work habits is going to stay as managers realize the increase in productivity and less costs

Jul 27, 2021 06:44 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Here in Elk Grove the trend definitely has been for Bay Area residents to move our way for lower costs.  I think the trend is going to stay around for some time to come.

Jul 27, 2021 06:48 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I am hearing from many folks who are rethinking space in their homes since the pandemic.  My daughter for example, has always worked in an office.  However, after working remotely these past months, it has become a reality that she likely will continue to be doing so.  She has set up a comfortable home work space.

Jul 28, 2021 01:08 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Jul 30, 2021 07:03 AM