For the last two months, the new normal has been a lot of time at home. This has led many homeowners to rethink their space and how it functions. Home has now become an office, a school, a gym, and a place for recreation.
This repurposing of space has some evaluating whether their home still meets their needs or if changes are necessary. In some cases, adult children have moved back home, and, in others, parents have moved in for the first time.
Staying at home and sheltering in place is necessary right now. However, temporary is stretching into more prolonged than expected. Even when vaccines and treatments are discovered, many of us are left wondering if things will go back to exactly how they were?
A home is a place to call your own, to raise your family, share with your friends, and to feel safe and secure. Covid-19 has changed the scope of feeling safe and secure. Many of us now consider our home a sanctuary of safety more than ever before.
Many of the country's chief economists feel that real estate will likely lead the country out of this recession. The housing market is experiencing low inventory and has for almost a decade. Building has not kept up with demand, and prices of existing homes have continued to go up; 8% over last year.
With 30-year mortgage rates at close to 3.25% and prices expected to continue to rise, an investment in a home can fit your needs and show returns in satisfaction, comfort, enjoyment, and monetary value.
If you are going to be spending more time in your home for all the reasons mentioned, maybe now is the time to consider a home that better suits your needs. Home shopping can be done in a responsible and safe manner, via a remote meeting with your real estate professional. Find out what is available and what the process entails to protect you and your family.