Since the COVID-19 pandemic, the number of Americans working remotely from the comfort of their own homes has increased. While this may initially have been out of necessity, it has now become something of a preference with the number of remote workers continuing to rise. It is estimated that some 36.2 million Americans will be working remotely by 2025! This rising trend has had a knock-on effect on what people are looking for when buying a home in Knoxville!

What Are Remote Workers Looking For in a Home?

When buying a home in Knoxville, people traditionally ask about local amenities, commuting, fenced-in yards, bedrooms, etc. However, when working remotely, one of your must-have features will likely be a home office. Buyers who had previously been looking for 3-bed properties are now looking at four-bed homes with a dedicated office/study. The need for a quiet place to work has shifted the priorities for remote workers when buying a home in Knoxville.

There is a higher demand for larger properties. Since remote workers spend more time at home, they are keen to have more living space. As noted above, a home office or a room that can be converted into one is highly desirable to remote workers. Real estate agents are finding that properties with flexible floor plans are garnering additional interest.

Remote Work May Make Housing More Affordable!

In today’s real estate market, two of the main things that affect prospective home buyers are affordability and available housing inventory. If you are a remote worker, you may be able to circumvent these challenges when buying a home in Knoxville. As a remote worker, you no longer have to consider the daily commute to and from work when deciding where you will consider buying a home in Knoxville. If that means you are more willing to live further into the suburbs, it could vastly open up your opportunities for affordable and available properties. When you have the luxury of being more flexible with location, it increases your chances of finding a property that fits your budget. You may even find you can afford a larger property if you don’t need to be more central to ease your daily commute!

Are More Features Now Within Reach?

When you think about buying a home in Knoxville, you likely have certain ‘must have’ features that you are looking for, such as a good-sized yard, a number of bedrooms, a newly refurbished kitchen, or a specific heat source. However, there are also some ‘wants’ that you would love to have but may not necessarily be able to afford within your budget. This may include things like a swimming pool, finished basement, or home gym. The great thing about buying a home in Knoxville as a remote worker is that if you are flexible on location, you may find some of those dream features are now within your reach as homes become more affordable as you move into the suburbs. In fact, some remote workers are actively buying a home in Knoxville that offers enhanced amenities. Since they now have fewer commuting obligations, they are prioritizing other features such as outdoor spaces, gyms, swimming pools, and other amenities within a residential community.

The Impact Commercial Real Estate

It isn’t just those buying a home in Knoxville that have been impacted by the growing shift towards remote working. Commercial real estate has also been affected. Since fewer people are commuting to their offices, many companies are downsizing their commercial spaces or completely transitioning to remote working. There has also been an increase in the number of coworking spaces and flexible office space, allowing a hybrid of remote and office work when needed.

How Can Wright Realty Help Find Your Dream Home?

If you are buying a home in Knoxville due to a switch to remote working or for any other reason, the best way to find your dream home is to work with a local realtor with intimate knowledge of the local area and its housing market. At Wright Realty, we offer a full-service real estate concierge approach. From start to finish, we will help you with every aspect of buying a home in Knoxville, right from the initial listing to the final purchase. We believe in an honest and ethical approach to real estate. That means we will serve as a trusted advisor to you throughout the entire process of buying a home in Knoxville. Real estate is more than just a transaction to us, and we believe that when real estate is done, ‘Wright,’ it can be a streamlined and stress-free experience. Wright Realty is here to guide you, and we guarantee your best interests will always be the most important focus.

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Wright Realty is a full-service real estate concierge with a wholistic approach to buying and selling property in East Tennessee. We are your trusted advisor and keep open communication throughout your entire buying/selling process. Real Estate done "Wright" means more than just a 'transaction'.

Finding Your Property the "Wright" Way!

Visit www.realtydonewright.com or call 865-556-8599