Although remote work peaked during the pandemic with around 41.7 percent of American workers working remotely, remote work continues to account for a significant part of our labor landscape. It is estimated that a little over one in four workers in 2023 works remotely. The remote work labor force includes a diverse range of professions such as software engineers, auditors, project managers, marketing consultants, and more.

 

Here are 3 unique considerations for Remote Workers making a move:
1. The option to move away from the traditional office setting is a viable option. Always dreamed of living in Big Bear Lake or Palm Springs? You could consider selling your current Covina (or suburban) residence and making a move to a resort community.
2. Ensuring you have a dedicated space for your home office is important and often overlooked for remote workers. This space should comfortably accommodate your ergonomic chair, standing desk, multiple computer monitors, and whatever else you use for your job. A spare bedroom becomes the “work room”. 

3. Remote Workers also have the unique option of moving from a high-cost location to a more affordable area and reducing their overall cost of living. 

 

If you initially purchased your home when being physically present in the office was a daily requirement, then you may now want to find a home that aligns with your current lifestyle. If your in-office days are down to 1-2 days every couple weeks, then you may want to consider buying a home that suits your lifestyle and checks more than the box of “close to office”. 

 

You’ve certainly seen headlines reporting fluctuations in mortgage demand and interest rates: it’s important to remember that the real estate market is still active. Remote work has opened doors for individuals to transition from high-cost downtown city rentals to more affordable suburban or resort community properties while ensuring monthly expenses remain within a similar range. Each of a KALEO agent’s client’s individual experiences in buying and selling a home is unique. No escrow is the same! 

 

If you have questions on anything from Capital Gains, 1031 exchanges, moving out-of-state, investing in income property, or trying to figure out how to sell an inherited property, please call, text, or email a KALEO agent. Our goal is to provide value and information to our clients.

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.