×
 
Why a home office is becoming a buyer magnet

There was a time when having a designated office in your home was more like a luxury than a must. But as telecommuting continues to rise, the lure of a home workspace could be a big draw for potential buyers. And in a traffic-challengedmarket like ours, a great office could make the deal.


According to Gallup’s 2017 State of the American Workplace report, 43 percent of employees worked remotely in some capacity in 2016, up from 39 percent in 2012. About one-third of telecommuters worked from home more than 80 percent of the time last year, compared with 24 percent who did the same in 2012.


The finance, insurance, and real estate sectors saw the largest increases in telecommuters over that period, rising to 47 percent last year. The transportation and information technology sectors have the largest remote workforces, a respective 61 percent and 57 percent.


The increase in telecommuting coincides with worsening commute times and traffic conditions throughout the nation and Los Angeles. Citing data from the U.S. Census Bureau’s most recent American Community Survey, The Washington Post reports that the average American worker’s commute time was 26.4 minutes in 2015, a figure that has gradually increased over the past 25 years. So-called extreme commuters — those who spend 90 minutes or more each day getting to work — were the fastest-growing segment of commuters between 2014 and 2015.


While telecommuting certainly helps alleviate the number of cars on the roads and can enable homebuyers to expand their searches to more affordable bedroom communities, it has other benefits for employers. Gallup found that employees who worked offsite three to four days per week had the highest rates of engagement with their jobs. Telecommuting can also help companies recruit talent, as 54 percent of office workers said that they would switch jobs for the ability to work remotely.

Suggested
Agents »

Pacific Union is pleased to share the news that nearly 140 of the brokerage's individual real estate professionals and teams have been honored as among the best in the Golden State.REAL Trends named 98 individual Pacific Union real estate professionals and 39 teams to its fifth annual rankings of...

Posted 5 days ago
Properties »

Commanding panoramic views from the Queen’s Necklace to Catalina, Point Dume and beyond, this two-story surfside contemporary includes some sixty feet of beach frontage and very rare private parking for six cars. Decks extend across the entire length of the house on both levels. On the upper,...

Posted 7 days ago
Properties »

Buildings on this scale are rarely found in Beverly Hills — and even more rarely offered for sale. This one has been a single family's heirloom for more than half a century. Measuring 13,122 square feet on a 0.32 acre lot, the classic building features ten large two-bedroom, two-bath units and...

Posted 13 days ago