It can be hard for people who want to buy their first home to find a house because there isn't a lot of inventory. Besides, if you work from home, you may be able to use the time you have at work this year to reach your homebuying goals. This is because many people work from home.
Homebuyers who work from home are getting more options, Arch Capital Services says in a new report.
A few people who can work from home on a part-time or hybrid basis will now have the option of moving a little farther from their jobs. For workers who get full-time jobs from home, where they live will depend on how much it costs and how much they like where they live.
As a first-time homebuyer, working from home is great because it will help you find a home that meets your needs and is in your price range! Take a look at how it might help you.
Extra flexibility in your job means more flexibility in your home search, too.
if your job is 100% remote, you don't have to go to a certain place or office to do your job. So, if you haven't been able to find what you want in your own neighborhood, it may be time to look further.
It's possible to move somewhere you've always wanted to live, like the mountains or the beach. When you widen your search radius to include those places, you'll be able to look at more homes.
When you search for a cheaper place, you might be able to look for one where you have more options for a certain price range. This can help you reach two goals at the same time: save money and find new features that meet your needs. You can read a recent First American article about how working from home can help you get a house. She is an Economist at First American.
For people who want to buy their first home, they can use their house-buying power in more affordable markets to get more square footage and rooms, as well as more options for different home styles and neighborhood amenities.
If that's the case, you can use your work flexibility to look for homes that have the amenities you need at a lower price point.
The bottom line:
People who work from home aren't just more flexible in their careers. If you no longer have to go to work in a certain place, you have a great chance to look for a new place to live. Let's meet up and talk about how this can give you a lot of new options.