Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?
A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home. Does your home deliver the space you need for a home office? Some professionals took advantage of the situation and purchased a bigger house. Other people thought working from home would be temporary. Most chose to get creative and make the space they already had work for them. But recent headlines indicate working from home isn’t a passing fad.
Do You Need a Dedicated Home Office?
If you’re still longing for a dedicated home office, now may be the time to find your ideal home. More and more companies are delaying their plans to return to the office. Others are deciding to remain fully remote permanently. According to economists from Goldman Sachs in a recent article from CNN:
“Job ads increasingly offer remote work and surveys indicate that both workers and employers expect work from home to remain.“
Other experts agree. A survey conducted by Upwork of 1,000 hiring managers found that companies were planning more remote work now due to the pandemic. They are predicting more remote work in the years to come. Upwork elaborates:
“The number of remote workers in the next five years is expected to be nearly double what it was before COVID-19. By 2025, 36.2 million Americans will be remote, an increase of 16.8 million people from pre-pandemic rates.”
The charts below break down their findings and compare pre-and post-pandemic percentages.
How Does This Impact Homeowners?
If you own your home, it’s essential to realize that continued remote work may give you opportunities you didn’t even know you had. Since you don’t need to be tied to a specific area for your job, you have more flexibility regarding where you 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 home for your money, freeing up more options for your dedicated office space and additional breathing room.
You could also move to a location where you’ve always wanted to live – somewhere near the beach, the mountains, or simply a market that features the kind of weather and community amenities you’re looking for. 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 won’t be going in to work every day, a slightly longer commute from a more suburban or rural neighborhood may be a worthy trade-off for a home with more features, space, or comforts.
Bottom Line ~ Does your Home Deliver the Space you need?
If ongoing remote work changes what you need in a home, let’s connect to find one that delivers on your new wish list.
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