Since the early 2000s, Americans have been telecommuting, but with a global pandemic virtually changing everything about our daily lives including work, we’ve all had to adapt and change with the changes to our society. Remote working is also changing homebuyer needs and how we buy and sell real estate as a whole.
But how exactly is remote working changing homebuyer’s needs? That’s what we’ll look at today.
The Proximity Game
Homebuyers are always looking at proximity when it comes to a home. Proximity to schools, grocery stores, places of employment, hospitals, and the like are just a few things we consider when looking to buy a home. Not only that, but certain neighborhoods may be more appealing for any number of reasons.
That, though, has changed as more people are working remotely. As a matter of fact, unless your job requires you to visit a physical office, then there may be absolutely zero geographic factors in purchasing a home. Untethered homebuyers with remote work can capitalize on living in cities and neighborhoods that otherwise weren’t possible with a brick-and-mortar desk job.
Physical Home Considerations
Another driving factor behind the work-from-home crowd will certainly be how useful the home space can be for work and, of course, living. While some remote workers can easily deal with sharing family space as they work, others may need dedicated office space or even a detached home office away from the main house.
Additionally, there are certain comfort requirements that come into play when considering purchasing a home with a remote job. Things such as air conditioning, access to electricity, and internet accessibility are all things to consider if you have a remote job and are looking to buy. After all, you may not want to heat or cool your entire house simply to have one room comfortable during your work time.
More Than Just Work
Working remotely has a tendency to change the mentality of the worker/homeowner. Once you work from home, it may be difficult to want to leave at all once your workday is finished. That can lead to homebuyers looking for additional space for home gyms, hobbies, or potentially expanding their home office space or separating spaces between work and family.
Naturally, all of these things are highly individualized, but if you’re working remotely and looking to purchase a home, take into consideration all of the things that you’ll be using your home for and even think outside the box. One thing to always keep in mind when shopping for a new home is that there may very well be more uses for your home than you ever thought possible. Don’t bottle up your imagination!
Getting Into the Perfect Work-From-Home
If you work remotely, then it may seem daunting at first to find a home that will adequately meet the needs of both your work life and your family life, but rest assured that there are creative solutions to make both function seamlessly.
There are also plenty of creative ways to finance your perfect work-from-home. Tidewater Mortgage Services, Inc. can help you not only finance your new home purchase but can help you navigate refinancing your home and taking cash out to pay for office upgrades or any other work you may need. Get in touch today and one of our expert loan officers can help you find the right mortgage product for your needs!
