With many large corporations extending work from home policies due to the COVID-19 pandemic, many employees are rethinking their telecommuting and housing options altogether. The Pew Research Center reports only about 7% of American workers had telecommuting as a benefit before the pandemic began, even though about 40% of jobs could be completed from home. Now that companies were forced to adjust in order to meet business demands during the pandemic, this gap is expected to shrink. According to a recent Zillow survey, 75% of Americans working from home due to the pandemic would like to continue to work from home for at least half of their work week, while 66% responded they would also consider moving if they can continue telecommuting indefinitely. Many economists believe this will cause an increased demand for housing in suburban and outlying areas.
Benefits of Telecommuting
Moving would allow homeowners to re-evaluate their budgets altogether. This means saving costs when it comes to transportation, and the opportunity to search for a more affordable home further away from major metropolitan areas. This also means that larger homes with more square footage for office space will be in demand. For younger generations who are used to a social lifestyle, it may also mean giving up some of the conveniences of living near large cities such as restaurant choices, various arts and entertainment venues, and yoga studios. On the other hand, the shift may encourage growth of these very businesses in outlying areas due to demand.
What If I Need to Sell My House Fast
What will this mean if you own a house in the suburbs you must sell? Depending on how quickly you must sell, and how much work you’re willing to put in to get top price, it may benefit you as a seller. If you’re ready to put in the time and money it takes to make repairs, bring an old kitchen and bath out of the 1980s (or older!) and spruce up your exterior to add curb appeal then you may be able to make a return on your investment. Of course, there are other costs involved such as paying commissions, photos, staging, and the normal insurance and property taxes that accrue until the day it is sold.
If you need to sell very quickly, however, and your house require a lot of major repairs and upgrades ….. that might make it more difficult. You may not be able to front the cash to make the house as marketable as young professionals moving away from larger cities will desire. If you’re wondering how to sell your house quickly, for whatever reason — maybe you need to move quickly yourself, maybe you’ve decided you no longer want to keep up maintenance on a property or you don’t want to be a landlord anymore — give us a call today to discuss your unique situation. We’ve been buying houses since 2007, and we can help by buying your house directly from you. No need to hire a real estate agent, no need to make costly repairs and upgrades, no need to even clean it up for us to walk through. We buy houses as-is, fast, with cash. Give us a call today at (630) 389-8232 or submit your information below. We are professional home buyers, and we specialize in a hassle-free home buying process. Check out testimonials from our satisfied home sellers!