Remote Working Will Influence Property Deals And Home Improvements

Thursday, May 13, 2021

At Stones Residential, we are here to assist you with any move you wish to make in the housing market. We know events of the past year have influenced many people to make a move, and a key factor is remote working.

It is likely remote working is here to stay, and will form an integral part of everyday life for years to come. While this has persuaded some people to leave the capital, life in London is about more than just work.

We’ve spoken to homeowners who are keen to improve their home first, and considering a move as the second choice when it comes to finding their ideal setup. We also stay in touch with the latest studies and research, helping you to make an informed decision.

The study conducted by Aviva highlights the following findings:

  • 34% of homeworkers currently use an office inside their property

  • 43% plan to use an office inside their home in the future

  • The number of people who currently work in an outbuilding or converted shed is 10%, but expected to rise to 13%

Some of the ways people are working from home include:

  • 48% are using tables in rooms designed for another use

  • 22% are using sofas and armchairs

  • 14% are working from their bed

  • 31% of homeworkers aged under 25 have said they work from their bed on occasions

Is remote working good for you?

Aviva carried out a study in autumn last year, and they found many people considered remote working as a positive aspect. The study spoke to close to 1,400 professionals who were working remotely. The study found:

  • 48% of respondents said it was less stressful than their standard working practice

  • 57% benefitted from the lack of commuting

  • 29% enjoyed more time with their family

  • 42% said they enjoyed not worrying about what they had to wear

  • 19% of respondents said they found working from home more stressful

  • 27% of respondents said they don’t have a suitable space to work

  • 19% felt they were competing with others for space

  • 18% of respondents said it was too noisy at home

Gareth Hemming, MD, Personal Lines, Aviva, says: “Flexible working and home-working practices have been around for some time, but they have really come into their own in the last year. Many employees report they have been less stressed and more productive as a result of working from home. They have had the flexibility to work around their personal lives and they have been trusted to work in a way that suits them.”

Gareth also said; “While home-working is not the choice of every individual, we are likely to see more flexibility as a basic benchmark for the future, with many people working remotely, at least some of the time. Many insurance providers adapted their home products during the pandemic to allow people to work from home without making any changes to their policies, but if customers are unsure about their cover, they should speak to their insurer to check that it is suitable for their circumstances.”

If you would like to arrange an appointment to help you negotiate the local housing market, please contact Stones Residential today by calling us on 020 7483 0685 or emailing belsizepark@stonesresidential.co.uk.