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How Remote Work Continues to Impact Real Estate

How Remote Work Continues to Impact Real Estate

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How Remote Work Continues to Impact Real Estate – According to numbers from June 2021, the number of employees that were working remotely fell to its lowest since the pandemic began to a number of 14.4% according to Marketwatch. During the peak of the pandemic shut downs about 35% of workers across the country were working full-time from their homes.

This large and significant shift for a good amount of time made big adjustments to corporate culture and the way in which people began to shop for homes is still having an impact on the real estate market today.

The increase in workers working remotely and those continuing to work remotely caused several different items in the real estate market to be impacted. Here are some of the trends that remote work has brought to the real estate market that are continuing on.

25% of Americans moved during the pandemic, many of them driven by the possibility of remote work

On October 30 of 2020, the website Upwork released a study showing what was shocking to many real estate experts. This study showed that somewhere between 14 million and 23 million people relocated during the pandemic just because they could now work remotely and have the freedom to do so from any location that they wish.

These numbers showed that the number of people moving was about 3 to 4 times the normal numbers or what was considered to be normal numbers before the pandemic.

Of every person who moved since the pandemic began it is said that about 28% of them reported doing so because they were able to work from home. So says a data analysis conducted by the company HireAHelper.

Going back to the study conducted by Upwork, their numbers revealed that the largest percentage of those moving took an exodus from big cities in search of less expensive housing and less crowding in the suburbs. Desperate more real estate dollars to many of America’s smaller and cheaper cities.

Rural and remote small towns saw unexpected  real estate growth

There was a larger interest in purchasing a home in areas with small populations. Forbes has reported that tiny towns of  just a few hundred people like Winhall Vermont and Truckee California became seemingly flooded with what some would call city dwellers.

There was an increase of those who are living in the city that were seeking out wide open spaces, plenty of fresh air, and the ability to stay in community with others and have a simpler life. This however did send prices in these towns that were traditionally extremely affordable to new highs.

Beginning of the zoom town

The term zoom town may have been around before the pandemic began but it really became something notable that most people knew about as a result of the pandemic. The name zoom town is attributed to the news station NPR who is credited with coining the phrase. The zoom town is one where high-earning urban ex-pats have settled in large numbers as a result of being able to do a job from anywhere bringing their high-income tech jobs and cash with them into small-town America.

These zoom towns tend to be luxurious vacation hotspots such as Aspen, Cape Cod, and the Hamptons. Paradise-like vacation spots that most people would not think about working from.

Related: 8 Ways to Meet Your Neighbors

Having a home office or space for Co-working is a must on shopping lists

It’s not uncommon for homebuyers to communicate to their real estate agent things that they are looking for in their next home. At the top of many of the lists right now is space that allows for someone to work peacefully from within the home such as a dedicated home office space or an area in which they can set up a workspace.

For those who are unable to find the space in their current home and cannot foresee moving to a new one, it has shifted the demand in the commercial real estate sector for shared workspace areas.

The business model of giving a clean and safe workspace that you are able to use for a certain amount of time on a subscription basis became an even higher demand during the pandemic as more people were able to work from anywhere and some sought to get out of their home away from their families to be able to accomplish more work.

For more information on purchasing real estate in Snohomish County please contact us anytime.

More Local Events and News

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Carl Gibson Senior Center

Why You Need a REALTOR to Buy New Construction

Carl Gipson Senior Center Opens Jan. 3

Carl Gipson Senior Center Opens Jan. 3

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The Carl Gipson Senior Center, located on Lombard Avenue in Everett, is currently closed but is planned to reopen on January 3, 2022.

Carl Gipson Senior Center Opens Jan. 3Carl Gipson Senior Center Opens Jan. 3

This senior center has been a staple in Everett with several favorite activities including ping-pong tables, a coffee bar, and daily lunches. All of these activities are planned to return with the re-opening but one thing that will not return is the senior center’s name. It will carry a very similar name however as the Carl Gipson Center. They are simply dropping the word senior from the building’s name.

This new name change is not to communicate that they are kicking seniors out of the center, rather it is to plan to expand the use of the building to more community members of the city of Everett.

The center will offer senior member hours during the mornings and afternoons and hopes to eventually be able to provide community events to residents of all ages in the area at night time. The center has a new Director Corey Armstrong-Hoss. The center is now being operated with a 14-year private-public lease by the Volunteers of America Western Washington Chapter.

The main goal and focus of the community center are to invite seniors back to the center that was currently members as well as any new interested seniors looking for community events and interaction with their peers. The new Director Cory is excited to see seniors return with a membership fee of $25 that includes fitness classes and parking passes. This membership cost could be waived for low-income members.

Other programs that will be available at the community center when it reopens are not completely finalized but could include ceramics, music classes, art classes, and any other hobbies or interests of current members. Classes are not expected to start until several months into 2022.

Seniors are the first priority of the community center but the center is hoping to broaden the appeal to a wider set of community members. The overall operations of the center will not be changing and almost everything that was in the building before it closed the door is planned to stay when the building reopens, so says the assistant parks director in Everett Kimberly Moore.

The center has been closed since March 2020 at the beginning of the pandemic. Upon its re-opening those who are operating it hope to make sure that the building is fully utilized to its full potential. One idea to make sure this happens is to open the center to multiple generations so that they can come and enjoy social interaction and play and mingle. Perhaps it might even bridge some gaps between generations that typically do not spend much time together.

Those in charge of the community center’s operations have seen results from studies that show it is helpful and emotionally satisfying for people in their golden years and younger people to interact with one another.

The community center building has several rooms inside, and the largest is the Cascade View Great Ballroom. This was a venue used for several different civic events before the pandemic. The City of Everett used to run the center on its own and stopped operations due to emergency budget cutbacks.

As a result, the city sought our interested private organizations to partner with them because they wanted to see the community center continue to exist in Everett.  This was when the partnership with Volunteers of America formed.

Many people in Everett are glad to see the Carl Gipson Center re-open its doors.

For more information on living in Snohomish County, including Everett area real estate, please contact us at any time.

More Great Things Going on Around Everett

Holiday Markets Where You Can Shop Small and Local in Snohomish County

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Walsh Hills A New Subdivision is Coming to Snohomish

Woods Coffee is Moving Into the Everett Waterfront

Holiday Markets Where You Can Shop Small and Local in Snohomish County

Holiday Markets Where You Can Shop Small and Local in Snohomish County

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Snohomish County has a plethora of amazing small local businesses, holiday markets, and eateries. During the holiday season it is very easy to find some amazing holiday festivities to enjoy the local community of Snohomish County. In 2021 you can shop local at these upcoming holiday markets in the county that feature local vendors, amazing dining options, and fun holiday cheer.

Holiday Markets Where You Can Shop Small and Local in Snohomish CountyHoliday Markets Where You Can Shop Small and Local in Snohomish County

This year more than ever it is important to support those small local businesses and holiday markets in the area to help the local economy thrive and continue.

The Holly Jolly Holiday Market

This holiday market will take place on Friday, November 26 from 10 AM to 4 PM and Saturday, November 27 from 10 AM to 4 PM. The market will be located at Thomas Family Farm in Snohomish at 9010 Marsh Rd. This is a two-day event beginning on Black Friday with over 125 vendors expected to be bringing in their local and unique creative gifts for all ages. The market will offer a fantastic array of deals, prizes, food trucks, and even a visit with Santa. It is suggested that you arrive early to get a great parking spot and the ability to shop the best selection of local community goods.

The market will also offer a series of craft workshops so that you can learn a new skill such as the art of candle making, card making, and more at very reasonable rates. Not only will you be able to say you made something yourself with the love from your heart, but you also will be supporting local small businesses in the process. In addition to local area crafters, you may even find some goods from direct sales companies like those of Pampered Chef. The gourmet food truck Ryan‘s Rezipes will be on-site to deliver delicious meals and offer a break from shopping. You can also get that extra jolt of caffeine from Scotsman Espresso to keep your energy going.

Jingle and Mingle Holiday Market

The Jingle and Mingle Holiday Market will be on Sunday, December 5 from 11 AM to 6 PM at the Tulalip Resort and Casino Orca Ballroom in Marysville.

Admission to this holiday market is free and there will be over 100 vendors expected. Products expected to be available include home decor, clothing, home goods, jewelry, toys, and much, much more. The market will also have a cash bar available and a special appearance from Santa himself. In addition to the market all of the amazing restaurants at the casino and resort will be open with a wide variety of dining options including the Cedars Café as well as the brand-new dining venue Blazing Paddles offering stone-fired artisan pizza. You can go online to the resort and casino’s website to get a full list of the restaurant and dining options.

These are just a few of the great local Holiday market options within Snohomish County. Another great place to check into for local markets is the area high schools as they often host fundraising Holiday market events. One very anticipated high school holiday market is the Dickens Fair hosted by Lake Stevens High School in Lake Stevens Washington.

For more information on living in Snohomish County, including Snohomish County area real estate, please contact me anytime.

5 Great Ways to Upgrade Your Home Without Blowing the Budget

5 Great Ways to Upgrade Your Home Without Blowing the Budget

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5 Great Ways to Upgrade Your Home Without Blowing the Budget – Since the beginning of the pandemic there have been more and more homeowners interested in turning their house into a dream home or just making a few small updates to bring it into current times. With the increase in prices of several home renovation supplies this undertaking can be a lot easier said than done right now.

Completing a remodeling or improvement project on your home can add a lot of value to your house and make it more attractive should you decide to sell in the future. Here are some things you can do that will add value to and upgrade your home while not blowing your budget.5 Great Ways to Upgrade Your Home Without Blowing the Budget

Don’t overlook the power of a kitchen remodel

Even just a small kitchen upgrade can be perceived as modern or updated. Making just a small and simple adjustment of a stainless steel or quartz countertop or bringing in shaker cabinet doors can boost the value of a home by 3 to 7%. Just make sure that when you are hiring a professional you are finding one you love that will be reliable. Ask to look at previous jobs they have just completed and go over the contract in detail. The average cost of a kitchen remodel is around $23,000, but smaller revamps can instantly upgrade and update your kitchen into a new space. You could do something as simple as change out the countertops or add new flooring or just a brand new backsplash. These can be done for a lot less money.

Adding outdoor usable space

Since so many have recently spent so much time stuck inside their homes, more and more buyers are looking for usable private outdoor space to enjoy some fresh air on their own terms. Creating an outdoor living space or constructing a deck where there wasn’t one will add a lot of value to a home. You can keep things within budget by shooting for under 500 ft.² which is plenty of space to house a grill and some outdoor furniture.

Making the master bathroom feel luxurious

There is no question that behind the kitchen, the master bathroom is what many people look at when purchasing a home along with the master suite. It is always a good investment to update your master bathroom and make it feel spa like and luxurious. Try to keep with classic designs that are up to date that will not be out of style in a few years. This will give you the biggest bang for your investment dollars.

5 Great Ways to Upgrade Your Home Without Blowing the BudgetGive the outside a new coat of paint

Giving me outside of your home a fresh new look can make it feel like a brand new home and it doesn’t cost too much when you compare it to the expenses of other remodeling projects. Exterior paints do cost more than their interior paint relatives, but not much. The average cost of painting the exterior of the home is around $2809.

Save on new flooring

Installing new up-to-date flooring can be a great investment in your home. The most popular and long lasting of flooring is of course hardwood, but there are some great classic laminate products on the market that are very durable and bring a lux feel to a room.

No matter what your hopes or plans are for upgrading or remodeling your home there is always an option to make it look great while saving a little bit of money.

For more information on real estate in Snohomish County please contact us anytime.

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