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Demand for home offices on the rise

As economic pressures force not only consumers to tighten their belts but businesses to reevaluate expenses we’re finding the demand for home offices by buyers increasing dramatically.

From a consumer perspective its no-brainer really. Reduce expenses and free up expendable income. Petrol price increases, food costs rising and macroeconomic factors are making professionals and entrepreneurs sit up and take note saying, “Hey, maybe working from home is not such a bad idea.” Especially because employers are also now warming up to the idea.

For the homeowner, wanting to sell, converting that extra bedroom that nobody really uses into a kitted out home office might attract a whole lot of interest from a new set of buyers. pexels-photo-306533

Technological advancements have made the home office more viable in recent years. Smart homes with electronic synchronisation, high-speed internet, screens in main areas are trending.

There are quite a few possibilities being explored in the current market, as mentioned spare bedrooms being converted into tech hubs, garages being renovated to include desks, computers and a professional entrance. Another interesting development is the transformation of wendy houses and garden sheds into quant office marvels.

According to a Gallup survey released earlier this year, 43 percent of employed Americans said they spent at least some time working remotely, according to the survey of more than 15,000 adults.

This trend will continue to become more popular and these evolutionary changes to the market force us to be relevant and understand the demands of buyers.

Denis Quayle
Harcourts Maynard Burgoyne Principal and Business Owner