Posted by Apex Home Loans ● January 7, 2021

Does Working from Home Make You Want to Move?

Working From Home

If so, you may be like many other Americans this year. Since many businesses transitioned to remote work in early 2020, many people are re-evaluating their homes, floorplans, locations, needs, and more. You might find that you need more space for your home office or would just prefer less house to clean. Whether you are renting or own your home, if working from home is part of your future, moving is most likely on your mind.

A recent study from Upwork notes that:

“Anywhere from 14 to 23 million Americans are planning to move as a result of remote work. To put this in perspective, last year, 6 million homes were sold in the U.S.”

This means roughly 2-4x as many people are considering buying a home, and there’s a direct connection to their ability to work from home.

Upwork also notes that while 45.3% of people are planning to stay within a 2-hour drive from their current home, 41.5% of the people who are working from home, find themselves more willing to move more than four hours away from where they currently live.

If remote work has become a permanent part of your career, you may have more options for your next home. Meaning you won’t be tied to a certain radius around your office location. Upwork also indicates, of those surveyed:

“People are seeking less expensive housing: Altogether, more than half (52.5%) are planning to move to a house that is significantly more affordable than their current home.”

Bottom Line

This year has been full of change, and what you need in a home is no exception. Connect with our team today to make sure you have expert guidance to help find the perfect home that is in your budget.

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Topics: First Time Homebuyer, move up buyer, second time home buyer