Rockin ‘the Suburbs – No Rides, More Space and Better Accessibility

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Charity Alund of Fountain Mortgage knows a thing or two about mortgages.

Author: Charity Olund

If you are among the nearly 44 percent of American workers who will work from home for the foreseeable future as a result of the coronavirus pandemic, you may have started looking around your home and your neighborhood for a fresh perspective on what you enjoy. it is – and what you don’t do.

Perhaps your children sit in the same room with you all day while you work and go to school online. This is not great. Maybe your neighbor has a dog that won’t stop barking. Always. And as the number of Covid cases rises again, you may face the prospect of many more months of isolation in a room that is not ideal for 24/7 living.

So is now a good time to start looking for greener pastures?

We are most likely on the cusp of a work-from-home revolution that is forcing many tenants and townspeople to move to the suburbs. Without the extra time and cost of travel, many remote workers find more space, better balances, and lower payments outside of the city.

Here are some statistics from a recent survey by PwC:

  • Office workers say they would like to be able to work from home more often, even after COVID-19 is no longer a threat. They also need help establishing boundaries between work and personal life to improve their own productivity.
  • Employers need to prepare for a flexible work week as most office workers would like to work remotely at least one day a week. More than half (55%) of CEOs intend to offer this opportunity.
  • The office is not outdated yet, but it is changing. Even though the COVID-19 crisis has shown that employees can interact well with each other, people still want to communicate with colleagues in person. Therefore, 50% go to the office.
  • While 30% of executives anticipate the need for less office space due to teleworking, 50% expect an increase in office space due to longer social distancing requirements or the growth of their workforce.

Whether it is looking for a new dig in the city center with a balcony, a home with a large yard, or a new home with a dedicated classroom and separate office, the trend of moving to work from home offers many benefits. But before considering a serious step in response to a relatively new reality, experts suggest carefully considering possible disadvantages. How will it feel when life returns to something like “normal” and your friends and colleagues start getting together for lunch again? What networking opportunities will exist for your future career growth if you are somewhat isolated?

Whatever your new normal lifestyle, our team at Fountain Mortgage is here to help you figure out the financial details of your dreams. Call us to discuss any changes you are considering, whether in a different area of ​​the city or in a small residential area. While we can’t get this neighbor’s dog to shut up, we can do the math in a new home (and office and classroom) for you.

This weekly sponsored column is written by the Fountain Mortgage staff. Based in Prairie Village, Fountain Mortgage is dedicated to educating and empowering clients to make the best financial decision possible in their situation. Contact Fountain today.

Mike Miles NMLS ID: 265927; Fountain Mortgage NMLS: 1138268

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