In this episode of the “Russell Real Team Minute Podcast,” Evan Russell, owner of The Russell Realty Group, talks about the challenge of adjusting your home layout to the new reality of working from home. He provides insight on how to best approach the situation, and whether or not moving homes is the right decision for you.
“I really think trying to uproot your kids, your lifestyle, your school district, your location to have a different space to do your work, maybe that’s being a little irrational” – Evan Russell [03:00]
What You Will Learn:
[00:29] Is the layout of your house allowing you to work from home?
[01:14] Americans are now deciding to move homes because of remote work
[01:27] What does a decision to move look like for you?
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Start: Welcome to another episode of Russell Realty Minute with your host Evan Russell. Where Evan shares his real-world real estate experience with you. If you like what you hear, please be sure to give them a quick review right here in iTunes. Thank you for listening.
Why working from home may spark your next move? Another episode of the Russell Realty Minute brought to you by Evan Russell Broker owner of the Russell Realty Group here in Boston mass. If you’ve been working from home this year chances are you’ve been working there a little longer than you thought you’d be. And you might not have a clear direction or clear timeline of when you may go back to work. So, it’s got a lot of people thinking about the layout of their house. You know do I have a home office? Do I have an adequate space to continue to work from home for a long period of time versus sitting in my dining room table?
I know for me; I’ve got two kids. We went downstairs and kind of created two little uh desk areas for you know each of my kids. I’ve got twins by the way and you know one of my kids, my daughter likes to be downstairs to do her own thing. My son sits at the dining room table. The dining room table we’ve kind of got an open floor plan it’s kind of right in the middle of the house. So, it’s got us kind of thinking about our layout. So, it’s a statistic I have for you is, anywhere from 14 to 23 million Americans are planning to remove as a result of remote work, right. They’re trying to find you know a spot that’s going to allow them to work from home better and easier.
My question for you is, are you one of them and why? What’s got you looking? So, two schools of thought is, your home’s never been worth more than it is right now based on the interest rates the buyer demand that sort of thing. The second thing is, if you’re moving yeah you may want a different layout you may want a different space, you know have a different spot for you to be able to work and the kids to do their school. But there’s a couple other things that you have to know. Obviously, you’re going to ask for top dollar to sell your house which means you’re probably going to pay top dollar to go buy a house.
So, is an extra room or a different school district or a different location or a different place for your kid or for your child to go to school or for you to do your at home work at home. Is that worth uprooting your whole community just for that little extra space? Or maybe do you have the ability to put an addition on your house or do you have an additional maybe to convert a garage or convert an attic or put something on? Those are all things you need to worry about or think about. I think people really are saying gee my house isn’t conducive to working from home. I think most people feel that way. We don’t buy our homes with the thought process that we’re going to work from home. Unless you already have work from home, unless you’ve got a home business or unless you buy a house and that was your plan from the start.
But a lot of us who have had jobs in quote unquote corporate America who have some type of desk and computer job that have been removed to remote or you’re working the call center. You’re working the phones or whatever you’re doing and you’ve been moved to remote. You didn’t buy your house thinking that you’d be working from home, but it’s not going to last forever. So, in my opinion on this quick podcast I really think trying to uproot your kids, your lifestyle, your school district, your location to have a little different space to do your work. I don’t know if that’s maybe you know being a little irrational.
Now as I talked about my previous podcast if you’re in the city and you’ve got a two bed two bath condo that you can sell for 800 and you want to move to the suburbs and have a bigger house and more spaces and more room and more land. That makes a little more sense. But to move from the suburb from suburb to suburb to try to get top dollar for your house to try to go buy a house and pay top dollar going in there competing against yourself. Because you’re you have a contingent offer versus ones that are non-contingent. I don’t really know if that’s the right play.
I think we sit tight another three, four, six months see what happens with the pandemic and then we really reevaluate whether it’s the right time for you to uproot your entire family to have just a different spot that you can work from home. So, I hope this helps Evan Russell, Russell realty minute. Hope you enjoyed; I’ll catch you next time.
End: This has been another Russell Realty Minute brought to you by Evan Russell.