Leave a Message

Thank you for your message. We will be in touch with you shortly.

How Remote Work Expands Your Homebuying Horizons

July 13, 2023

Real Estate Tips

How Remote Work Expands Your Homebuying Horizons

Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below):

This trend is good news if you’re looking to buy a home because a remote or hybrid work setup can help you overcome some of today’s affordability and housing inventory challenges.

More Work Flexibility Equals More Home Options

Remote or hybrid work opens up a world of opportunities. That’s because it allows you to broaden your search for your next home since you’re no longer limited to living close to your workplace. With the freedom to work from anywhere, you can explore more affordable areas that may be located farther away from bustling city centers or your office. This flexibility can be a game changer while higher mortgage rates are making it difficult for some homebuyers to afford a home.

An article from the New York Times (NYT) highlights how remote work can greatly assist you in overcoming that challenge:

“. . . take advantage of the opportunity remote work has presented to move to more affordable communities (either farther out in the suburbs, or in another part of the country).”

And, since the supply of homes for sale is still so low, another key challenge for you today may be finding something with all of the features you want and need. Because remote work allows you to broaden your search radius to include additional areas, you may actually have less trouble finding a home with the features you want the most because you’ll have a bigger pool of options to pick from.

Working remotely gives you the flexibility to find an affordable home with the features you want. In other words, you have a better chance of getting what you need without blowing your budget. 

Bottom Line

Working remotely not only gives you more flexibility in your job but also presents a great chance to broaden your search for a home. Since you're not limited to a specific location, you have the opportunity to explore more options. Connect with a local real estate agent to discuss how this can expand your choices and help you find the perfect home.

 

(2023, July 13). How Remote Work Expands Your Homebuying Horizons. Keeping Current Matters. https://www.keepingcurrentmatters.com/2023/07/13/how-remote-work-expands-your-homebuying-horizons/


Real Estate Investing

How to Gain Equity Quickly in Real Estate: 7 Proven Strategies for Rapid Growth

Thao Dang Pham  |  September 27, 2024

How to Gain Equity Quickly in Real Estate: 7 Proven Strategies for Rapid Growth

Seller

Proven Strategies to Attract High-Value Buyers to Your Property Fast

Thao Dang Pham  |  October 7, 2024

Proven Strategies to Attract High-Value Buyers to Your Property Fast

Seller's Real Estate Tips

Are You Struggling to Find Qualified, Serious Buyers?

Brian Ng  |  October 4, 2024

Are You Struggling to Find Qualified, Serious Buyers?

Buyer

Avoiding Costly Surprises: How to Manage Expensive Home Repairs After Buying a House

Thao Dang Pham  |  October 2, 2024

Avoiding Costly Surprises: How to Manage Expensive Home Repairs After Buying a House

Real Estate

How to Make a Profitable Investment in Rental Property: The Key to Long-Term Success

Brian Ng  |  October 1, 2024

How to Make a Profitable Investment in Rental Property: The Key to Long-Term Success

Real Estate Investing

How Rising Interest Rates After Locking in a Mortgage Could Impact Your Finances: Key Insights and Strategies

Brian Ng  |  September 30, 2024

How Rising Interest Rates After Locking in a Mortgage Could Impact Your Finances: Key Insights and Strategies
FOLLOW US ON INSTAGRAM