Remote Work Trends Mean Flexibility for First-Time Homebuyers

<article class="post-247413 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-247413"><span class="entry-date">April 6, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Remote Work Trends Mean Flexibility for First-Time Homebuyers</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Remote+Work+Trends+Mean+Flexibility+for+First-Time+Homebuyers&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fremote-work-trends-mean-flexibility-for-first-time-homebuyers%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Remote Work Trends Mean Flexibility for First-Time Homebuyers | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/04/05102246/20220406-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/04/05102246/20220406-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/04/05102246/20220406-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>Today’s <a href="https://www.simplifyingthemarket.com/2022/02/23/how-supply-and-demand-can-impact-your-buying-and-selling-goals/?a=712984-fa409495d5d70154d03a25e81e9540e2">low inventory</a> can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you’re one of many people who work <a href="https://www.simplifyingthemarket.com/2021/09/21/remote-work-is-here-to-stay-can-your-home-deliver-the-space-you-need/?a=712984-fa409495d5d70154d03a25e81e9540e2">remotely</a>, you may have a great opportunity to use the flexibility you have at work to achieve your <a href="https://www.simplifyingthemarket.com/2022/01/07/how-to-hit-your-homebuying-goals-this-year-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">homebuying goals</a> this year.<span id="more-46275"></span></p>
<p>In a recent report, <a href="https://mortgage.archgroup.com/wp-content/uploads/sites/4/MCUS-B1583A-0222-HaMMR-Winter-2022.pdf"><em>Arch Capital Services</em></a> explains how the ongoing trend of remote work can open up more options for homebuyers:</p>
<blockquote>
<p><em>“. . . This will enable those who are able to work from home on a part-time or hybrid basis to move slightly farther away from job centers. . . . <strong>For workers who secure full-time remote jobs, their place of residence will be determined by affordability and personal preferences</strong>.”</em></p>
</blockquote>
<p>Basically, working from home is great news if you’re a first-time buyer trying to find a <a href="https://www.simplifyingthemarket.com/2022/03/17/did-your-dream-home-just-come-on-the-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">home</a> that meets your needs and <a href="https://www.simplifyingthemarket.com/2022/03/09/key-factors-that-impact-affordability-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">budget</a>. Here’s a deeper look at how it could benefit you.</p>
<h4><strong>Extra Flexibility in Your Career Means Extra Flexibility in Your Home Search</strong></h4>
<p>If your job is 100% remote, you don’t have to be tied to a specific location or office. So, if you’ve been having a hard time finding what you want in your local area, it may be time to expand your search.</p>
<p>One option you could consider is moving to a place where you’ve always wanted to live, like the mountains, beach, or closer to loved ones. When you broaden your search radius to include those locations, it’ll give you additional homes to consider.</p>
<p>It could also allow you to search for a more affordable location where you have more options in your price range. This can help you achieve two goals – saving money and finding additional <a href="https://www.simplifyingthemarket.com/2022/03/25/how-an-energy-efficient-home-can-be-a-bright-idea-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">features</a> that meet your needs. To truly highlight this benefit, a recent <em>First American</em> <a href="https://blog.firstam.com/economics/how-the-ability-to-work-remotely-is-changing-housing-affordability-for-first-time-home-buyers">article</a> discusses the great ways remote work can really help you with your homebuying goals. Ksenia Potapov, Economist at <em>First American</em>, says:</p>
<blockquote>
<p><em>“For potential first-time home buyers, leveraging their house-buying power in more affordable markets can also help them buy more attractive homes – <strong>more square footage and rooms, more options for different home styles and neighborhood amenities</strong> – increasing the opportunity to find a home that suits their preferences.”</em></p>
</blockquote>
<p>That means you can use your work flexibility to <a href="https://www.simplifyingthemarket.com/2022/03/16/are-you-wondering-if-this-is-the-year-to-buy-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">search</a> for homes with the <a href="https://www.simplifyingthemarket.com/2022/02/28/millennials-do-you-need-a-home-with-more-space/?a=712984-fa409495d5d70154d03a25e81e9540e2">amenities</a> you need at a lower price point.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Remote work doesn’t just give you expanded flexibility for your career. If you’re no longer tied to a location because of your office, you have a great opportunity to expand your housing search. Let’s connect to explore how this can open up your options.</p>
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