The COVID-19 pandemic declared in March 2019 is not technically over, although health experts no longer consider it a national or worldwide crisis. The long-lasting effects of the pandemic can be seen in many aspects of life, such as the dramatic increase in online shopping and curbside pickup. Some men and women may wonder how COVID-19 has impacted the real estate market.
Working Remotely
A main point of interest is the number of men and women who began working remotely either part-time or full-time instead of going to an office five days a week. Many were excited about this new opportunity and decided to make it permanent.
Being able to work at home most or all of the time freed them from having to live relatively close to a place of employment. Some bought land and hired Chicago custom home builders to construct a house in a far-off suburb or just outside of the metro area.
Making Decisions
This is an important example of how COVID-19 has impacted the real estate market. People who assumed they couldn’t live outside of the city until retirement now had an earlier option. They needed to decide whether to wait and save more money for a larger home or if a less extravagant place would be acceptable.
The possibility of moving to a village or a rural lot could be extremely compelling. By consulting with Chicago custom home builders about price, size and features, they can make an informed decision.
Contact MK Construction & Builders, Inc. today to get started.
