How Remote Work Expands Your Homebuying Horizons

Dated: July 13 2023

Views: 52

How Remote Work Expands Your Homebuying Horizons

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.

Source: Keeping Current Matters

Blog author image

Arminé Ghevian

My goal is simple: a commitment to finding the dream home, purchase, or sale for my clients. With more than 25 years of experience in the real estate industry & the Los Angeles County market, my t....

Latest Blog Posts

Why reviewing and updating your living trust matters more than ever

Many longtime homeowners created their Living Trust years ago when their children were younger, their financial situation looked different, or before retirement became a reality.But here’s

Read More

Why You’ll Love Owning a Home

Why You’ll Love Owning a HomeSome HighlightsOwning a home comes with many benefits, both non-financial and financial.From the sense of accomplishment and freedom of expression, to growing

Read More

The Secret To Selling This Spring: Start the Prep Work Now

The Secret To Selling This Spring: Start the Prep Work NowSpring is the busiest season in the housing market. It’s the time of year when buyers are most active – that means it’s

Read More

A Record Percent of Buyers Are Planning To Move in 2025 – Are You?

A Record Percent of Buyers Are Planning To Move in 2025 – Are You?This could be the year to sell your house – and here’s why. According to a recent NerdWallet 

Read More