For various reasons, more and more city-dwellers are making the move to the suburbs or rural areas. In fact, a recent Harris Poll survey shows that nearly one-third of Americans are considering moving to less densely populated areas. However, before you decide to be among those jumping ship, here are some things to consider.
Consider Your Job
With people working remotely, the need to be 30 to 40 minutes from the city has suddenly lost some importance for a lot of workers. While remote work surely isn't going anywhere, it's probably worth checking with your employer to see what the long-term plan is for the months to come. You don't want to move farther away from your place of employment only to find out you need to start trekking back into the office.
Consider Your Finances
There's no doubt about it, living in an urban area is more expensive than the suburbs or a rural area. With historically low-interest rates, you may be able to move into a bigger home while also lowering your monthly housing costs.
If you're planning to work remotely, you'll also save on gas, tolls, and parking, On the flip side, if you're an urbanite moving to the suburbs, you may need to buy or lease a car, which would be an added expense.
Consider Your Lifestyle
After months of being confined to home, many people are looking for more space both inside - with bigger kitchens, a home office or gym, and extra bedrooms - and outside - with more space between neighbors and a place for kids to play.
If this is you, you may want to consider a move.
However, if you still yearn to be within walking distance to restaurants and shops and love the hustle and bustle of a city - the burbs may not be the right choice. Just keep in mind, it's unclear what cities will look like in the months and years to come. Many safety precautions, like social distancing, don't appear to be going anywhere anytime soon.
There definitely isn't a right or wrong answer and each person's needs are sure to vary. Kazantzis Real Estate agents will advise you as you weigh your options and help you find the home that's right for you - whether it be in the city, country, or somewhere in between.