Today, Americans are moving for a variety of reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many people to re-evaluate what homeownership means and what they find most important in a home.
According to the 2020 Annual National Movers Study
“For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family health and wellbeing (60%); desires to be closer to family (59%); 57% moved due to changes in employment status or work arrangement (including the ability to work remotely); and 53% desired a lifestyle change or improvement of quality of life.”
With a new perspective on homeownership, here are some of the top reasons people are reconsidering where they live and making moves this season.
Working from Home
Remote work is the new norm, and it’s continuing on longer than most initially expected. Many in the workforce today are discovering they don’t need to live so close to the office anymore and they can get more for their money if they move a little further outside the city limits. Freddie Mac
“The demand for housing is expected to remain strong in the new year, fueled by both low mortgage rates and the ability to work remotely. Last year, home sales reached highs not seen since 2006 and we expect sales to ride that wave into 2021, averaging 6.5 million for the year.”
If you’ve tried to convert your guest room or your dining room into a home office with minimal success, it may be time to find a larger home. The reality is, your current house may not be optimally designed for this kind of space, making remote work very challenging.
Virtual and Hybrid Schooling
Many school districts are using a model of virtual or hybrid learning, turning their curriculums into digital formats for students. If you have school-age children, they may have a need for a dedicated learning space. If so, it might be time to find a larger home to provide your children with the same kind of quiet room to focus on their schoolwork, just like you probably need for your home office work too.
A Home Gym
Staying healthy and active is a top priority for many Americans. With various levels of concern around the safety of returning to fitness facilities across the country, dreams of space for a home gym are growing stronger. The Home Builders Association of Greater New Orleans explains
“For many in quarantine, a significant decrease in activity is more than a vanity issue – it’s a mental health issue.”
Having room to maintain a healthy lifestyle at home – mentally and physically
– may prompt you to consider a new place to live that includes space for at-home workouts.
In a survey of current homeowners
highlights the desire many people now have for more usable exterior features as well:
You may, however, not have the extra square footage in your home today to have these designated areas – inside or out.
Moving May Be Your Best Option
If you’re clamoring for more room to accommodate your changing needs, making a move may be your best bet
, especially while you can take advantage of today’s low mortgage rates. It’s a great time to get more home for your money, just when you need it most.
Today, Americans are moving for a variety of reasons, and many peoples’ needs have changed. If you’ve been trying to decide if now is the time to upgrade your home, let’s connect to discuss your options and your goals.