Perhaps one of the silver linings of the Covid-19 pandemic is that many conventional office jobs became remote. This is a positive for companies that may no longer require office space and therefore rent for employees but also for employees who have more freedom and work-life balance by working from home or remotely.
Most companies, nearly two years into the pandemic, have come to the realization that remote work is here to stay, but is your current home ready to handle it?
If you’ve already moved from the office to your home office, then you’ve likely either found that you already had a house that was ready for remote work or you’ve had to be creative to make it adequate for your needs. On the one hand, maybe you got lucky with your home purchase having enough space, on the other, you may be looking to upgrade to a home with more permanent home office space.
There’s also a possibility that you’re in the process of moving to a home office from the traditional workspace and need to either upgrade your home or update your current home office. For many, office space can be created; however, it also requires adequate utilities, sufficient internet capacity, and all of the fixings to make a proper workday. Before you break out a home office scenario, make sure you have the infrastructure necessary for a seamless transition.
Take Advantage of a New Home
There’s a very real scenario that your current home simply isn’t sufficient for your office needs. Perhaps you have significant computing or power requirements or maybe you have specialized equipment that either takes up too much space or requires more than your current home can handle. If that’s the case and working from home is permanent for you, then it may be time to take advantage of the opportunity to buy a new home.
Buying a new home doesn’t have to be an office-specific endeavor. Yes, it is a major consideration, but a new home can also give you an opportunity to upgrade other parts of your current living situation such as more space, a larger kitchen, or a better layout for your family.
You may also be able to take advantage of workers who used the pandemic as an opportunity to retire and therefore downsized from a larger home with an adequate home office.
A Move May Save You Money
With remote work becoming increasingly common, employees are no longer bound to live close to work in their current cities and may not be required to be anywhere near their mothership office at all. Knowing that you may very well be able to move to a more affordable area with a lower cost of living and save some big money, even if you end up paying slightly more for a home.
If moving into a different part of town or a different city all together is part of your remote working plans, then crunch some numbers and find out where you can cut corners and where you can’t with your home purchase. Another place to not cut corners is with your mortgage. With rates still hovering near all-time lows, this is as good a time as any to contact Tidewater Mortgage Services, Inc. to learn more about products that fit you and your home office plan.