While remote work isn't new, it has taken on new life in the past few years. Remote work has completely revolutionized various industries, including the home-buying market. Thanks to the ability to work from anywhere, it's easier to trade in a cramped apartment for a luxury home. Here are three ways remote work is changing the home-buying industry.
1. Crowded Cities Are No Longer the Only Option
There was a time when most Americans who wanted to make it big in their industries flocked to major cities. Most of them focused on such big cities because they were following the jobs. However, if your job is remote and being in a cramped apartment no longer suits you, there's less initiative to stay there. As a result, people who are no longer enjoying the lifestyle that may come with a city, which includes pollution, tension, and higher taxes, have opened up their horizons to other parts of the country they may not have considered before. With more options come more real estate opportunities to choose from.
2. Bigger Is Better
According to Forbes, 38% of brokers believe that remote working will positively impact luxury real estate purchasing. By expanding to other parts of the country, whether they choose the South or the Midwest, remote workers see their money can go much further than before, in our experience. In other words, the money they may have been paying in rent in a big city can now go towards a mortgage on luxury homes. This may allow for more room for family and room to spread out and breathe.
3. Outdoor Living Is King
Investing in luxury homes allows more opportunities to enjoy outdoor living from the comfort of one's home. Remote workers no longer have to find a park or hiking trail or travel miles from where they live. Thanks to more luxurious homes, they simply step outside their backdoor and enjoy a deck, swimming pool, and fresh air from trees. Some are also using these outdoor spaces as part of their workspace.
With the acceptance and growth of online work, it's no surprise more people are opting for bigger and more comfortable living. After all, if jobs are no longer focused on a location, why not enjoy the beauty and quality of life that comes with more space, more access to nature, and fewer expenses? To learn more about luxury living, contact us at Luxury Homes By Char Austin, Realtor today about our available properties.
