If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond.
While the pandemic continues, Americans are re-evaluating their homes, floorplans, locations, needs, and more. Some need more space, while others need less. Whether you’re renting or own your home, if remote work is part of your future, you may be thinking about moving, especially while today’s mortgage rates are so low.
“Anywhere from 14 to 23 million Americans are planning to move as a result of remote work.”
To put this into perspective, last year, 6 million homes were sold in the U.S. This means roughly 2 – 4X as many peopleare considering moving now, and there’s a direct connection to their ability to work from home.
The same study also notes while 45.3% of people are planning to stay within a 2-hour drive from their current location, 41.5% of the people who are citing working from home as their primary reason for making a move are willing to look for a home more than 4 hours away from where they live now (See graph below):In some cases, moving a little further away from your current location might mean you can get more home for your money. If you have the opportunity to work remotely, you may have more options available by expanding your search. Upwork also indicates, of those surveyed:
“People are seeking less expensive housing: Altogether, more than half (52.5%) are planning to move to a house that is significantly more affordable than their current home.”
Whether you can eliminate your daily commute to the office, or you simply need more space to work from home, your plans may be changing. If that’s the case, it’s time to connect with a local real estate professional to assess your evolving needs and determine your path together.
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 on your side to help you find a home that fits your remote work needs.
Author:Melkys Martinez Dated: November 16th 2020 Views: 49 About Melkys: With over 14 years experience, Melkys Martinez provides real estate services to buyers and sellers l...
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With over 14 years experience, Melkys Martinez provides real estate services to buyers and sellers located in and around Tri county area. Having grown up in South Florida, Melkys is incredibly well-versed in the area's housing market and always manages to find her clients those hidden gems that other agents tend to overlook.
Melkys' nurturing style and dedication allow her to hold client satisfaction as her highest priority, she works hard to make the entire home buying and selling experience as productive and enjoyable as possible. Melkys wanted to be a real estate agent ever since she was a teenager and is passionate about servicing her clientele.
Whether her clients are first time buyers or sea soned investors; Melkys works tirelessly to accommodate their needs and exceed their expectations. Melkys works diligently to advertise and promote your home for sale. The efforts pays off because many clients have said she gets them more for their home than expected. Melkys works alongside a team of highly-skilled professionals, guaranteeing a smooth experience from beginning to end.