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Is remote working changing the real estate market? Hey there, Jenevieve Croall here with JLUX Homes Realty Group. If  you’re  watching  this  on  a  weekday,  let’s  say  between  9  to  5,  chances  are  your  part  of  the 21% working either partially or full-time from home.And the number of people working from home is expected to nearly double over the next 5 years. How does this change affect you and the real estate market as a whole? Well,  remote  working  is  opening  new  options  to  consumers  that  didn’t  exist  before  the pandemic.  

The  primary  change  is  many  are  EXPANDING  THE  GEOGRAPHY  OF  their  HOME SEARCH. Since remote work permits us to tackle our responsibilities pretty much anyplace, it’s no longer as critical to have a short drive.For  this  reason,  many  are  leaving  the  huge  urban  communities  and  moving  to  more affordable or desirable areas. In some cases, buyers are looking for a new adventure and are choosing to move out of state. Being untethered by a certain location means buyers no longer need to wait until retirement to move to states with their preferred climate. Families can also look for homes in areas with lower taxes and well-rated school systems.

I’m  also  seeing  a  high  demand  for  housing  with  dedicated  office  spaces  that  are  private  to the  rest  of  the  house.  No  more  working  from  the  kitchen  table  or  in  a  corner  nook. Homes that  offer  an  additional  bedroom or flex space are  often  in  greater demand.And  with  so  many  people  not  leaving  their  homes  as  often,  homebuyers  are  craving  the outdoors. Having larger yards and outdoor living spaces can increase your quality of life as a remote worker, not to mention the sales price of your home.If you are thinking about taking advantage of remote working to buy a bigger home with the perfect  home  office,  or  are  looking  to  save  on  your  next  purchase  by  moving  further  out from high-demand suburbs, give me a shout.

As  your  local  real  estate  expert,  I’m  here  to  help  you  navigate  all  your  choices  and  to  help protect  your  real  estate  investments.  And  as  always,  we  appreciate  your  referrals  and  are here to serve your friends and family too. Bye for now.

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