At the height of COVID, remote work became more popular among employers, and many employees still work from home. While working from home means you don’t need to be near your workplace or worry about your commute, it leads people to wonder if the location of a home is still as important as it once was to homebuyers.
Let’s dive into the importance of location and why it’s still a top priority in today’s market.
Amenities
Even if you work from home and don’t need to worry about proximity to your workplace or a commute, other amenities might be important for you to live by. If you have children, you probably want to be near their daycare so you can get them to and from daycare as quickly as possible. In addition, it might be important to you to be near grocery stores, restaurants, and other amenities so you don’t have to drive across town to get the things you want or need.
School District
If you have children, you will want to purchase a home in a good school district. This is especially important if you move in the middle of the school year because if you want your kids to stay in the same school district, you’ll need to find a home in the same district.
Privacy & Surroundings
Many homebuyers want to live in a home that’s private with more quiet surroundings. It’s more likely that a homebuyer would choose a home on a dead-end street with a backyard lined with trees over a home on a busy street that butts up to a parking lot. It’s also worth looking into what the city has planned for future surroundings. The home might be surrounded by beautiful green space currently, but it could be turned into a shopping center or something else later.
Future Resale
All of the things mentioned above can affect the future resale of your home, which is important if the home isn’t your forever home. Homebuyers want homes that are private, near amenities, and in a good school district, so selecting a home in a less-than-ideal location could affect how fast your home sells and how much of a profit you make.
You’ve heard it once, and you’ll probably hear it again: location continues to be extremely important, regardless of the real estate market. Whether you work from home or still go to work, your home should be near other places you go and the things you need. If you have questions about the real estate market or are looking to buy or sell, reach out to us today! We’re always here to help.
Posted by Shane White on
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