Home Office Appeal

Investment property owners who are looking for updating ideas for an existing property or additional investment proper to purchase might consider that it appears that home offices are here to stay.

A need for in-home work space has increased over the past three years as it has become more commonplace for people to be able to work from home. More companies support fully remote or hybrid models. Employees also have different expectations of wellness and work-life balance.

What might make a property more appealing to the work-from-home tenant?

Research suggests:

The best workspaces are the brightest.

Sunlight brightens a space, creating better ergonomic conditions and a more motivating environment. It also works better – looks better – than artificial light for those video calls, apparently.

The best workspaces offer freedom from disruption and distraction.

Most desired home office features are quiet and privacy. Value may be seen in a dedicated office space that is detached from the rest of the home.

People are appreciating the wonders of indoor-outdoor working.

There’s a strong view that the best home offices provide access to the exterior of the home. Having access to greenery, scenery and simply fresh air has genuine appeal.

In all, it has most to do with layout, location, and design; less to do with fixtures; and little to do with furniture, which tenants can add later.

Demand for home office space in the rental as well as the sales market, especially the upper end, remains strong in 2023. Home offices are here to stay, it seems.

SOURCE: RE/MAX Australia