Today's low inventory can be challenging for houszbuyers, especially if you’re looking to purchase your first housz. But if you're one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your houszbuying goals this year. In a recent report, Arch Capital Services explains how the ongoing trend of remote work can open up more options for houszbuyers: “. . . This will enable those who are able to work from the housz on a part-time or hybrid basis to move slightly farther away from job centers. . . . For workers who secure full-time remote jobs, their place of residence will be determined by affordability and personal preferences.” Basically, working from the housz is great news if you’re a first-time buyer trying to find a housz that meets your needs and budget. Here’s a deeper look at how it could benefit you.
Extra Flexibility in Your Career Means Extra Flexibility in Your Housz Search If your job is 100% remote, you don’t have to be tied to a specific location or office. So, if you’ve been having a hard time finding what you want in your local area, it may be time to expand your search. One option you could consider is moving to a place where you’ve always wanted to live, like the mountains, beach, or closer to loved ones. When you broaden your search radius to include those locations, it’ll give you additional houszes to consider. It could also allow you to search for a more affordable location where you have more options in your price range. This can help you achieve two goals – saving money and finding additional features that meet your needs. To truly highlight this benefit, a recent First American article discusses the great ways remote work can really help you with your houszbuying goals. Ksenia Potapov, Economist at First American, says: “For potential first-time housz buyers, leveraging their housz-buying power in more affordable markets can also help them buy more attractive houszes – more square footage and rooms, more options for different housz styles and neighborhood amenities – increasing the opportunity to find a housz that suits their preferences.” That means you can use your work flexibility to search for houszes with the amenities you need at a lower price point.
Bottom Line Remote work doesn’t just give you expanded flexibility for your career. If you’re no longer tied to a location because of your office, you have a great opportunity to expand your houszing search. Let’s connect to explore how this can open up your options.