Being a Remax realtor in Vancouver offers insight into the wants and needs of the city. Global shifts, market trends and new, emerging needs. Whether its exploration into laneway homes or coach-houses, Fraser Condos, 2 bedrooms on Main Street and East Vancouver townhomes, Matt Henry is constantly aware of the pulse of the city and its residents desires.
The newest kid on the block to watch now is the significance of the home office!
Home offices have become coveted real estate, with a new demand from so many professionals adjusting to working from home. The Matt Henry Team @ Remax gives insight into how this current upswing is adding to property value:
“Main Street real estate and the surrounding East Vancouver areas of Cambie Street and Cedar Cottage, continue to be highly desirable places to live. Now we are seeing a new factor adding to their importance; space for a home office. A year into the pandemic, we are at a time when some peoples’ jobs have gone completely remote for the foreseeable future, so if you’re a homeowner ready to sell and you have that great little nook, alcove or spare room that could be perfect for a home office, you’ve just added to your point of sale greatly. Even for owners looking for renters, this same principle applies. Real estate ties itself to the trends and right now we are seeing a real need for that extra little bit of space to work at home.” - Matt Henry.
So this is great, for people selling but what about people who are renting? Is there benefit on their side too? Well in short, yes. As people shift from heading out to the office to now working from their homes, they can look at writing off workable space at tax time. We encourage everyone to check with your accountant or investigate through the Canadian government’s website for how to proceed.
These are unpredictable times and we’ll take the wins where we can. Although working from home is causing adjustments beyond what we realized, we are now able to see benefits from this change for both sellers/buyers and renters alike.
As always, the Matt Henry Team @ Remax is here to work with you, helping you to achieve your Vancouver real estate goals.
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