How Remote Work Can Help You Buy A Home
Even when some businesses return to the office, remote work remains a popular option for many professionals. So, if you now work from home or aspire to do so soon, you are not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below):
More Work Flexibility Equals More Home Options
Remote or hybrid work opens up a whole new universe of possibilities. Because you are no longer restricted to living near your business, you can extend your search for your future house. You can explore more affordable regions that may be located further away from major city centers or your office if you have the ability to work from anywhere. While increased mortgage rates make it harder for some purchasers to finance a home, this flexibility can be a game changer.
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, because the supply of homes for sale is still so limited, finding anything with all of the characteristics you want and need may be a major issue for you today. Because remote work allows you to widen your search radius to cover more places, you may find it easier to find a home with the amenities you desire because you'll have a larger pool of possibilities to choose from.
Working from home allows you the freedom to look for an affordable property with the characteristics you like. In other words, you have a better chance of receiving what you need while staying within your budget.
Working remotely not only gives you greater job freedom, but it also provides an excellent opportunity to extend your search for a property. You have the freedom to investigate more choices because you are not restricted to a specific spot. Let's talk about how this can broaden your options and help you find the perfect property.