The Real Estate Edge

The Real Estate Edge

Effects of Remote Working to Housing

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Remote working is here to stay. With the recent onslaught of the pandemic and the growth of IT startups aiding remote working across the globe–various companies have realized the great convenience of this working setup.

 

But how does this working trend affect the housing trend?

 

1. Fewer people are looking for houses in the city

 

Before, everyone wanted to live near their work to cut their commuting hours. And since most businesses are in the cities, employees and other workers tend to look for housing units in the town.

 

But with the rise of remote working, fewer people are vying for houses and the cities. More people consider less condensed and more comfortable areas such as suburban communities. Because of this, we can expect the city housing prices to go down sometime–but not anytime soon.

 

2. Demand for solar power

 

While remote working saves time and money from traveling, it can significantly increase your electricity bill since you’d be using your gadgets for at least 10 hours every day.

 

More people are looking for housing with functional residential solar projects to save money. While they may be expensive, their huge savings can give you ROI in no time. Not to mention its benefits to the environment, too.

3. Extra workspace, extra room, extra stylish

 

Because of remote work, more people are looking for houses with at least two bedrooms, as they use one as a home office. More people have become very inclined with home design, too, as they will spend much of their time in their own houses.

 

So if you’re a homeowner thinking of upsizing and renovating your house for future sales, you’re definitely on the right track!

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