It’s no secret working from home has become the new normal for many of us. The past 18 months have taught us the importance of having a home that supports your life, family, and work. 

Experts estimate that 25-30% of Americans will work from home multiple days per week by the end of 2021. This has multiple implications for the housing market, both nationally and in the Greater Richmond area. 

First, many homeowners are realizing their homes can’t support one, sometimes two, people working from home. We’re seeing an increase in home-office renovations, and buyers looking to “trade up” for properties with home offices or flexible floor plans. 

Second, the trend of people moving to Richmond from more expensive coastal hubs continues to grow. With more potential buyers looking at the same amount of real estate in the city, Richmond residents who no longer need to commute to the city everyday can open up their search geographically. 

As buyers look outside the city, they can afford afford a more spacious home, with the added benefits of lower real estate prices, better schools, and of course, space for a home office. 

Lastly, as people contemplate spending more time at home, they are looking for homes with more amenities. Features like larger outdoor areas, indoor gym, modern features like hi-tech appliances and energy-efficient solutions are moving to must-haves. Many older homes will have to go through the renovation stage to stay competitive on the market.

Whether you’re considering buying or selling a home in this new normal, Ruckart Real Estate is here for you. We have the expertise to help you think through your requirements and can navigate a rapidly changing environment. Click here to start the conversation!