Remote Work Is Changing How Some Buyers Search for Their Dream Homes
The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.
If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.
How Remote Work Helps with Affordability
Remote or hybrid work allows you to change how you approach your home search. Since you’re no longer commuting every day, you may not feel it’s as essential to live near your office. If you’re willing to move a bit 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 . . .”
If you’re thinking about moving, having this kind of location flexibility can boost your chances of finding a home that fits your budget. Work with your agent to cast a wider net that includes additional areas with a lower cost of living.
More Work Flexibility Means More Home Options
And as you broaden your search to include more affordable options, you may also find you have the chance to get more features for your money too. Given the low supply of homes for sale, finding a home that fits all your wants and needs can be challenging.
By opening up your search, you’ll give yourself a bigger pool of options to choose from, and that makes it easier to find a home that truly fits your lifestyle. This 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 perk, often coming with a hefty price tag. But now, the dynamics have changed. If you work from home, you have the freedom to choose where you want to live without the burden of long daily commutes. This shift allows you to focus more on finding a home that is affordable and delivers on your dream home features.
Thank you for taking the time to explore the exciting possibilities that remote work can unlock in your home search. At Mountain Rose Realty, we understand the transformative potential of this newfound freedom, and we're here to help you make the most of it.
When it comes to Telluride real estate, nobody knows the area better than us. Whether you're searching for a cozy mountain retreat or a spacious family home, Anne-Britt and our team have the expertise to guide you towards your dream property. With an extensive listing of Telluride homes for sale, we're confident that we can match you with a home that fits your unique lifestyle and preferences.
Don't let location boundaries limit your choices. Explore the vast opportunities that remote work brings to the table. If you're considering homes for sale in Telluride, CO, we're your go-to source for valuable insights, market trends, and the inside scoop on the best properties in the area.
So, why wait? Reach out to us today, and let's start your journey to finding the perfect Telluride home. Contact Anne-Britt and the Mountain Rose Realty team, your trusted partners in Telluride real estate. Your ideal home is just a click or a call away.