The impact of remote work on the real estate industry: what homebuyers want now
Category Property Advice
Remote work has been on the rise for years, but the COVID-19 pandemic accelerated this trend. Companies had to quickly adapt to a remote workforce to comply with health guidelines, and as a result, millions of people around the world found themselves working from home for the first time. This shift has had a significant impact on the real estate industry, with homebuyers seeking out properties that can accommodate their new work-life balance.
Here's how remote work is revolutionising real estate and the benefits it offers for homebuyers:
- Location flexibility
One of the most significant benefits of remote work is the flexibility it offers in terms of location. With the ability to work from anywhere, people are no longer tied to living in specific areas to be close to their offices. This shift has led to increased demand for homes outside of city centres, where there's more space and better outdoor amenities.
Homebuyers are now able to prioritise what they want in their home based on their lifestyle preferences rather than being limited by the need to commute to work. They can choose to live in areas with better weather, closer to friends and family, or with access to outdoor activities.
- More space and flexibility
Another trend that has emerged as a result of remote work is the need for more space and flexibility. With many people spending more time at home, there's a growing demand for homes with more flexible spaces, such as multi-functional rooms that can be used for various purposes, including work, exercise, or relaxation.
Homebuyers are also looking for more extensive homes with more bedrooms, bathrooms, and living spaces to accommodate multiple workspaces and activities. This shift has resulted in increased demand for homes with open floor plans that allow for flexible use of space.
- Outdoor amenities
Remote work has also increased the importance of outdoor amenities in homes. With more time spent at home, people want a place to relax and unwind. Homes with outdoor space, such as backyards, balconies, or patios, are highly desirable for those looking to spend time outside while also being able to work from home. These amenities also provide opportunities for outdoor activities or a place to work outside on nice days.
- Better technology infrastructure
Remote work requires strong internet connectivity and reliable phone service. Homebuyers are now prioritising homes with technology infrastructure that can support their work requirements. Homes with high-speed internet access and strong cell phone reception are in high demand. Additionally, some homebuyers are seeking out homes with dedicated office space or a separate room that can be used as an office.
Remote work has revolutionised the real estate industry, providing homebuyers with more flexibility and options when it comes to choosing where they live and what their homes look like. The shift towards remote work has also created a demand for homes with more space, flexible use of rooms, and outdoor amenities.
Are you a remote working buyer looking for a home that perfectly suits your lifestyle? Look no further than Seeff Hillcrest & Kloof. Our experienced agents understand the unique needs of remote workers and can help you find the perfect home that ticks all the boxes. We have a wide range of properties that offer location flexibility, ample space, flexible room options, and outdoor amenities. Get in touch today.
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Author: Seeff Hillcrest & Kloof
