If you were working from home this year, you’ve probably been involved a little longer than you initially expected. Businesses across the country have figured out how to act remotely to keep their employees healthy, safe and productive. For many, it may last into the next year, and perhaps beyond.
As the pandemic continues, Americans are reevaluating their homes, floor plans, locations, needs, and more. Some need more space, while others need less. Whether you rent or own your home, if remote work is part of your future, you may want to consider moving, especially while today’s mortgage rates are so low.
Recent study by Work notes:
“Anywhere from 14 to 23 million Americans plans to relocate as a result of remote work. “
To put this into perspective, last year, 6 million homes were sold in the United States This means approx 2 – 4X like many people are now considering moving, and are directly related to their ability to work from home.
The same study also notes that while 45.3% of people plan to stay within a 2-hour drive of their current location, 41.5% of people who cite working from home as their main reason for moving are willing to look for a home. more than 4 hours away where they live now (See graph below):In some cases, getting a little further away from your current location could mean you can get by more at home for your money. If you have the opportunity to work remotely, you may have more options available by expanding your search. Work also indicates, from the respondents:
“People are looking for cheaper housing: Overall, more than half (52.5%) plan to move to a house much more affordable than their current home. “
Whether you can get rid of your daily commute to the office, or whether you just need more space to work from home, your plans may change. If so, it is time to connect with a local real estate professional assess your developing needs and jointly determine your path.
This has been a year of change, and what you need in a home is no exception. Let’s connect today to make sure you have expert guidance to help you find a home that is right for your remote work needs.
Content previously posted in Keep Current Things