Home buyer needs in the Babylon area of Long Island is changing. Home owner needs are also changing. With more companies in the Babylon area and the rest of Long Island and NYC having to figure out how to best enable their employees to work remotely (and for longer than most of us initially expected), homebuyers throughout the area are forced to re-evaluate their housing needs. Our changing needs are making us reconsider our living situations. For many who lived close to where they work they are now asking themselves…”Do I still need to live close to my company’s office building?” For some people, living close to where they work may have forced them into a high rent area. Many who worked in New York City chose to live in Nassau County because of its closer proximity to the city. Now with many companies eyeing the possibility of making remote working a permanent way of doing business, the higher cost of living is starting to seem excessive. For others who already own homes, they have to weigh whether they need a larger home with more office space? I recently met a homeowner in Amityville, New York, who had her 1 bedroom co-op on the market because her company was, in fact making a permanent move to remote working. She listed her co-op for sale because she said she will most definitely need a bigger home. She will need a dedicated office space since she cannot work indefinitely from her living room. Additionally, New York City dwellers are now considering a move to the suburbs because now, it will make more sense for their family. Being cooped up in a small apartment for months during quarantine, made them realize just how much more the suburbs like the Babylon area has to offer and they are fleeing the city in droves.
As we continue to navigate the current health crisis and its long term effects on our lives, I extend an invitation to all to consider how the communities in the Town of Babylon and the Town of Islip can address all your homebuyer needs.
Imagine if you will…oversized properties, large homes, lower taxes, friendly, well-manicured neighborhoods, beaches, parks, lakes, shopping, restaurants, and with super easy access to highways, trains, airports…Fire Island, the Hamptons and Montauk…for a fraction of the cost of living in Nassau County or New York City! Trust me…It doesn’t get any better than here. Welcome!
“The ability to work remotely is expanding home shoppers’ geographic options and driving their motivation to buy, even if it means a longer commute, at least in the short term…Although it’s too early to tell what long-term impact the COVID-era of remote work will have on housing, it’s clear that the pandemic is shaping how people live and work under the same roof.”
Working remotely is definitely changing how Americans spend their time at home, and also how they use their available square footage. Homeowners aren’t just looking for a room for a home office, either. The desire to have a home gym, an updated kitchen, and more space in general – indoor and outdoor – are all key factors motivating some buyers to change their home search parameters.
A recent realtor.com-HarrisX survey indicates:
“In a June poll of 2,000 potential home shoppers who indicated plans to make a purchase in the next year, 63% of those currently working from home stated their potential purchase was a result of their ability to work remotely, while nearly 40% [of] that number expected to purchase a home within four to six months and 13% said changes related to pandemic fueled their interest in buying a new home.
Clearly, homebuyers interested in living in the Babylon area are now thinking differently about homeownership, and viewing homeownership through a new lens.
“New single-family home sales jumped in June, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.”
Many current homeowners in the Babylon area are also viewing homeownership through a different set of lens. Through these challenging times, they have found their home doubling as an office, children’s classroom, as well as a gym…all while trying to maintain the hominess necessary to keep a balance. Many homeowners in the Babylon area are re-thinking the true meaning of home, and the need to recreate a home environment suitable for the emerging challenges that we all share. Now, more than ever, having a place to focus on professional productivity while adjusting to the many competing priorities and distractions, is challenging homeowners to get creative, use space differently (the garage is now the gym), and ultimately find a place where all of these new essential needs can be easier met. No matter how imaginative we are, there is only so much that can be done with the square footage of a space. Sometimes purchasing a new home is the most sensible option.
In today’s real estate market, making a move while mortgage rates are hovering at historic lows may enable you to purchase more home for your money, at a time when you and your family need it the most.
If your personal and professional needs have changed and you’re ready to accommodate all of your family’s competing priorities, let’s connect today. Making a move into a larger home may be exactly what you need, to recreate that home environment while addressing all the emerging needs of the new norm. Call 631-357-4819…TODAY!! – It’s The Right Move!!