Mountain House Matters! • mhmatters.net • Happy Thanksgiving!
By Shaheen Pasha
Telecommuting which can also be referred to as working remotely or teleworking is a work arrangement that does not require workers or employees to travel or commute (either by bus or train) to a specific place of work, such as an office, workspace, workshop, store or warehouse. Teleworkers often make use of modern technology such as a computer with an internet access, tablets, smartphones, a cell phone to work from any location of their choosing, most especially their house. In a nutshell, telecommuters are remote workers that do not need to physically show up at their place of work to carry out their functions. Some projections are already forecasting that by the year 2020, more than 50% of the work force will opt to either telecommute or work from a remote location. The home in the next couple of years will be a place that will not just offer shelter and entertainment, but it will also double up as a workspace. This development would mean that more people will be willing to work for different firms and organizations regardless of their location and there will be an increased demand for various varieties of homes and because location would no longer be a big deciding factor, there could be less demand for houses in urban areas and locations and more people may opt to move to bigger houses or apartments in the suburbs or outskirts of the city. Recent statistics carried out has shown that; 51% of females will be telecommuting by the year 2020 49% of males are estimated to resort to telecommuting in the year 2020. 45% of Millennials and 29% of Xers are also estimated to take up telecommuting by the same year 2020. While, 21% of Bloomers, 3% of Matures and 2% of Centennials will also take up telecommuting by the year 2020. Telecommuting will influence their lifestyle as over 40% of them will choose or prefer to work more from home, while 42% of them will find the option to work from home more attractive. Furthermore, 37% of them will not dedicate a special area in their home as a workspace and will instead work at various locations of their choosing in their home. Finally, 42% of telecommuters by the year
2020, would set up their home around their telecommuting needs. Most people now enjoy the freedom that working from a location of their choosing avails them. Telecommuters are seen to not have to spend time or money commuting to their place of work, they have the freedom to actually work from anywhere they like. Telecommuters will have the chance to save more money – money that they would have spent on gas or clothes and most importantly, they can dictate their own work hours and regulate the pace at which they work at. In the real estate business, when buying, rebuilding, flipping or renting a real estate, it is important that you are aware of the features and spaces that are most fundamental to the home. With a forecasted surge in telecommuting, more people will favor houses that are not located in highbrow areas or highly industrialized areas. This could mean that the local and sub-urban real estate market may record a sharp increase in sales. This increase in remote working will also mean that people will shift their attention towards homes that are further away from the big cities, leading to a declutter of people in major urban areas. Because suburban or country homes will be cheaper and due to the fact that location will no longer be a hindrance, more clients will look towards real estate properties that are bigger, cheaper and further away from the major cities. Although for now, it’s largely unclear as to how much impact telecommuting will have on the price gap between properties in the urban and sub-urban areas, but most people are still very likely to favor living in the urban areas due to the constant amenities and developed neighborhood. Be that as it may be, the real estate market in the outskirts and country areas will surely benefit immensely once telecommuting enters into full gear and the commercial real estate market may likely take a slight dip, as companies may look to lease out smaller office spaces to save cost.
About the Author
Shaheen Pasha is an expert Mountain House resident REALTOR and real estate investor, in her own right. As a real estate advisor, she puts the sellers and buyers interest above her interest. To her, Real Estate business is all about fulfilling the client’s needs and solving their issues, and helping their dreams come true. Shaheen may be reached at 925-528-9093 or visit www.HomesByPasha.com.