Remote Work Is Changing How Some Buyers Search for Their Dream Homes
The way Americans work has changed within the last few years. At the forefront of this shift is remote work, which experts say will continue to be popular for years. They project that 36.2 million Americans will be working remotely by 2025 - a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.
This trend is a game-changer if you’re in the market to buy a home and work remotely, either full or part-time. It can help you overcome today’s affordability and housing inventory challenges.
How Does Remote Work Help with Affordability?
Remote or hybrid work gives you the freedom to adjust how you approach your search for a home. Living near your office may be less essential when you no longer commute daily. If you’re willing to move further out in the suburbs instead of the city, you could open up your pool of affordable options. In a recent study, Fannie Mae explains:
“Home affordability may also be a reason why we saw an increase in remote workers’ willingness to relocate or live farther away from their workplace . . .”
Are you considering moving? Location flexibility can significantly boost your chances of finding a home that suits your budget. Our Just Say Home team can help you cast a wider net that includes additional areas with a lower cost of living.
More Work Flexibility, More Home Options
As you widen your search to include more affordable options, you may also get more features for your money. Due to the limited supply of homes for sale, finding a home that matches all your wants and needs can take time and effort.
Expanding your search will give you a larger pool of options, making finding a home that truly fits your lifestyle easier. This pool could include homes with more square footage, diverse home styles, and a wider range of neighborhood amenities that were previously out of reach.
Historically, living close to work was a sought-after benefit, often with a hefty price tag. Now, the dynamics have changed. If you work from home, you can decide where to live without the burden of long daily commutes. This shift lets you focus on finding an affordable home that delivers on your dream home features.
Remote work isn’t just about job flexibility. It’s an opportunity to broaden your horizons in your home search. You are no longer bound to a fixed location and have the freedom to explore all of your options. The Just Say Home KC real estate experts are here to help you broaden your search and find your ideal home today!