We’ll take a guess and say that there’s no need to emphasize the fact COVID-19 pandemic shaped the way we imagine the workspace. Even though the pandemic is subsiding, the whole back-to-the-office migration doesn’t seem like the most probable scenario. Both business owners and employees have gotten used to hybrid and remote work models. From what we can see, not one is too eager to return to the office full-time. In other words, it seems as if things have changed for good. Therefore, it’s only natural to think home buyers will pay good attention to spaces dedicated solely to work inside a home they’re thinking of buying. In a way, we’ve already answered the question of will adding a home office increase the value of your home in San Diego. However, let’s elaborate and go into more detail!
COVID-19 pandemic and its impact
First, it might be good to see just how COVID-19 changed how we imagine the workspace. Even though COVID-19-influenced safety measures are nearing history, we still have about 50% of employees working from the comfort of their homes. Of course, there are differences based on the line of work. However, for many, dining tables became new office desks. There were different reactions to this change in the modus operandi of most working people. Some liked working from home, and some found it anti-social due to the lack of regular face-to-face human contact. Thankfully, more employers are offering to work from the office or from home.
The COVID-19 pandemic made the world a bit more uncertain than ever. Therefore, one must be less romantic and more practical. In other words, due to the uncertain nature of today’s workspace, one should consider building a home office inside their living quarters. Will that have a good effect on the value of their property? Let’s find out!
Will adding a home office increase the value of your home in San Diego?
Here is what we have seen in the last couple of years. An increasing number of homebuyers have included a home office on their list of essentials. A comfy working space became a sine qua non of a contemporary home. Even before the pandemic, home offices were seen as a plus. Therefore, it’s very likely that adding a home office will increase the value of your home in San Diego. Do we have some numbers to back that one up? Experts in our real estate field tell us that a home office will increase your home’s value by as much as a jaw-dropping 10%. Once you consider the national average home price (about $400k), this 10% becomes even more substantial.
Since the numbers we’ve shared above are not to be messed around with, let’s see why home offices appeal to so many folks. We’ll try to focus on the less-obvious home office traits.
Why do folks find home offices to be so important?
In other words, let’s consider the benefits of a comfy work-from-home office setting and why it will make your home more appealing. We’ll get close to having a complete picture of why folks find remote work more accessible than ever. Here are the reasons why homebuyers find home offices to be so important:
- A dedicated working space inside a home is the one-for-all place for everything a modern working person needs (computers, paperwork, various gadgets, etc.).
- Working from home can be a little bit deconcentrating at times. A dedicated home office eliminates the fear of losing focus. For most, working without interruptions is a necessity.
- Here’s another one we’ve heard from the moving experts from Los Angeles Transfer and Storage: your kids can use the space as their study room (while you’re not working). Also, you can use the room for other projects and hobbies.
- You’re able to hold meetings without anyone interrupting you. In other words, the people you live with won’t have to crawl through the room so that they don’t end up in your Skype or Zoom video call.
- Sometimes, a home office can be seen as a second bedroom. You can easily adapt a home office to serve a different purpose. An all-purpose room is going to boost your home’s value.
Besides increasing the value of your property, a home office will also help you sell faster since it has become a popular feature many homebuyers are looking for. Therefore, you should seriously consider adding a home office to increase the value of your home in San Diego. Anyway, let’s see some methods you can use to build a neat little home office.
Here is how to add a dedicated working space to your home:
Re-purpose existing areas
Perhaps there is a spare room in your home that you aren’t currently using. If so, that’s excellent because you can make it into a home office. Also, if you have an empty attic or a garage that you can repurpose, you’re in luck. Here’s the thing: repurposing an existing area inside your home is the cheapest way to add significant value to your home, and office space will boost your home’s appeal. Not to mention that you can spruce it up on a budget with cost-effective ideas that are under $150. If you already have a spare desk and a few supplies, it will be easy to set up a home office on a budget.
Here’s a tip from the experts: repurposing an empty attic into office space will add more value to your home than repurposing the garage.
Adding an extension
Extending your home to accommodate a remote-work station is a more expensive way to add value to your San Diego home. However, it represents one of the most desired home extensions. Keep in mind that, depending on certain regional housing regulations, there’s a good chance that you’ll have to get in touch with the local government and submit a request for approval before you can do anything. However, if you’re patient enough, this investment will enable you to reap plenty of benefits in the long run.
Final thoughts on the subject
We hope this article has cleared up any uncertainty about whether adding a home office will increase the value of your home in San Diego. Now you’re well aware that by adding a home office, you can boost your beautiful California home’s value up to an astonishing 10%. That’s a very nice return on your investment that will pay off when it’s time to sell your home.