×
 
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
Medium ftxnkswvacnzkplgqmis1fjpiitlbwd2
Straight Talk »

The median home price in Greater Los Angeles was up by 14 percent in March from one year earlier. Homes are selling faster than they were one year ago, and almost half of homes sold in March commanded premiums.Main Takeaways:Sales of affordable homes in Los Angeles further declined in March from...

Posted 4 days ago
Medium waoydsiqdrocipi5hnomiff9gvmpipjh
Properties »

Set on nearly an acre on a quiet cul-de-sac off Willow Glen, the property at 2617 Harlesden Court is minutes from the Sunset Strip, yet worlds away. Trails and rustic railroad tie steps meander through the Zen-like landscape, leading from the lush tropical pool to a bocce court with peaceful...

Posted 5 days ago
Medium qwdmbxibvoqpll0ftrnhq4qwvdkvgxe9
Properties »

Classically elegant and exquisitely cared for, DeGarmo House is a gem amid one of LA’s most lavish enclaves.Inspired by an Italian villa, the estate was designed in 1926 by architectural designer George Barber. A curved drive sweeps guests to the arched front entry, topped by a Juliet...

Posted 6 days ago