Q: I’ve been working remotely for a tech firm for a year now, and I’m fed up with the high cost of living in my current city. With remote work, I can technically live anywhere, but I’m unsure where to start looking or what to consider when purchasing a home in a more affordable area. Please help!
A:Your dilemma is shared by many remote workers these days. If you’re not bound by location for your job, then the world—or at least the country—is your oyster! Here are some steps to guide you:
Identify Your Needs:
What’s important to you in your new location? Proximity to family or friends? Outdoor recreational activities? A certain climate? A vibrant arts and culture scene? Make a list of what you want in your new city or town.
Research Potential Locations:
Once you’ve identified what’s important to you, start researching locations that fit the bill. Consider factors like cost of living, crime rate, quality of local services, and potential for property value appreciation.
Visit Before Buying:
Spend some time in the places you’re considering, if possible. Get a feel for the community, traffic, amenities, and general lifestyle.
Housing Market Research:
Look at the local real estate market. What are homes selling for? Are prices rising or falling? How long do homes stay on the market? A local real estate agent can be a huge help in this process.
Long-Term Considerations:
Keep in mind that remote work may not be forever. Consider whether you’d be happy in your new location even if you had to commute for a job or change employers.
Moving to a new city is a big decision, but it can also be an exciting adventure. Take your time, do your research, and you’ll find a place where you can be happy and financially comfortable.
Wishing you every success in your home search, Ask The Realtor
Avery Bok
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