Uploaded on Aug 28, 2021
To Sum-up: The post covid real estate sector has changed drastically and people’s preferences of buying a home have been affected a lot because of the changes that occurred during the covid phase. Now more and more people are considering owning a house for themselves and since the interest rates are also at an all-time low it is the best time to buy one house for yourself. And if you plan to finally get one for yourself don’t forget to check out Maxworth Realty India Reviews. Maxworth Realty Reviews will tell you the reason behind it. The years of experience can easily be seen in their work as well as in Maxworth Realty Reviews
Maxworth Realty Reviews - How Work from Home has changed the Home Buying Preferences
Maxworth Realty Reviews - How Work from Home
has changed the Home Buying Preferences?
The Covid-19 pandemic came out of the blue and spread like a
sheer wildfire, that none has ever imagined. It didn't just our way of
living but rather it has changed us as an economy. The impact of
Covid-19 on various sectors is something that is known to
everybody. The pandemic made not only just restricted our
movements; it confined all of us within the four walls of our home.
From working professionals to children, we all had to cope up with
this new way of life of the greater cause.
From schools, colleges, offices to businesses, everything came to a
halt. All these changes paved a way for a new professional culture
called as Work from Home culture. What is work from home
culture? Well even though it now most of us would have been
aware of it. But to put it for people who are still figuring out this
new professional culture, work from home is a concept wherein
employees are allowed to work remotely, i.e. without physically
going to the office, from the safety of their homes.
Moreover, keeping in mind the colossal benefits and the ease of
work that this concept provides, it wouldn’t be wrong to say that
this concept is here to stay. As work from home reduces the
demand for physical office areas, employers are finding it better
and think that it will also help them in saving extra money. In
arecent survey, it has been found that 75% of employers are
planning to increase the number of employees who work remotely
in their organization.
This pandemic has undoubtedly presented a radically transformed
real estate industry in front of all of us. This new work from home
concept has drastically reduced the demand for physical office
spaces but it is not only limited to this. As people have spent the
last 1.5 years mostly staying at homes, their home buying
preferences have differed a lot from what they used to be a year or
a couple of years ago.
One of the prominent real estate trends that are being quite
popular even among the millennials is to buy a home rather
than taking it for rent. People are giving precedence to more
spacious and cost-effective homes that are mostly in the
peripheral areas.
Houses with more open spaces, and which are bigger but
should also be affordable, is what most people are seeking
because of the rise in work from home culture. Since the
pandemic has affected the economy to a greater extent and
it is still recovering from the damage that has been done,
affordability is an essential concern in the backdrop of an
uncertain and ailing economy for people. Since the central
areas of the city are mostly costly and smaller in size,
peripheral areas are seemed to be the best option from both
the perspectives of renting and purchasing.
If we look into the real estate prices in Bangalore we found find that
there is a huge difference in prices when it comes to the areas that
lie in the heart of the city to the residential plots that are in the
peripheral areas. There is almost a 38% price difference between
both the areas due to which potential buyers are being enticed
towards these areas. Areas like Sarjapur Road, Kudlu Gate, KR
Puram, Jalahalli, JP Nagar, Marathahalli, Banashankari, etc. come
under the central areas of the city and areas like Electronic City,
Varthur, Tumkur Road, Mysore Road, International Airport Road, etc.
come under peripheral areas in Bangalore.
To Sum-up
The post covid real estate sector has changed
drastically and people’s preferences of buying a home
have been affected a lot because of the changes that
occurred during the covid phase. Now more and more
people are considering owning a house for themselves
and since the interest rates are also at an all-time low
it is the best time to buy one house for yourself. And if
you plan to finally get one for yourself don’t forget to
check out Maxworth Realty India Reviews.
Maxworth Realty Reviews will tell you the reason
behind it. The years of experience can easily be seen in
their work as well as in Maxworth Realty Reviews.
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