TECH MAGIC:
(full story)
Home Offices Sell —Fast-Track Your Listings to
Quicker Home Sales ...
As a real estate agent, technology is important to you.
You use it every day to conduct business, do research,
access potential clients and to communicate. You know
technology use is growing. What you may NOT know is that
technology and home offices are quite possibly one of
the biggest selling points a house can offer.
While family size is still
declining, the number of people working
full-time or part-time from home (and those
executives that need full-office access from
home) is on the rise.
Statistics You Can Use
According to the most recent
US Census reports, the number of individuals
working from home has nearly doubled since 1980.
See if the following Census statistics on the
“home office” workforce in the United States
describe your ideal buyer(s):
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The greatest number of
individuals that work from home are ages
25-59, with the largest percentage of those
being age 40-44 years old.
-
Substantially more women
work from home than do men (the only
exception is age range 55-59, with 0.9% more
men than women).
-
Most of those working
from home fit into the following business
categories (in descending order):
-
Management
-
Sales
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Business and
Financial Operations
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Profession and
Related Occupations
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Service Occupations
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Personal Care and
Service Occupations
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Office and
Administrative Support Occupations
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The overwhelming
majority (67.4%) of these individuals work
50-52 weeks per year and 65% worked for 35
or more hours per week.
-
48.4% have a bachelor’s
degree or some college and 12.9% have a
graduate or professional degree.
(NOTE: The figures above
do not include individuals working full-time,
who work from home on a part-time basis, while
commuting to work part of the time.)
Convert Spaces into a
Home Office
When advising listing
clients on how to best stage their home, you may
want to encourage them to dedicate a space to
creating a home office for showings. Even if the
house can’t dedicate a bedroom, there are other
ways to capture under-utilized spaces for this
purpose. Have your client consider converting a
utility room, a too-small family room or even an
isolated nook of a larger room.
“Found spaces” lend
themselves well to home office creation. Odd
shaped areas, like extra large landings between
floors and wide hallways that continue well past
the entry doors to rooms on either side, can
become a home office. Your listing client may
also capture a section of a sunroom or enclosed
porch, reassign the use of a butler’s pantry,
redecorate a master bedroom’s “sitting area” or
convert a large walk-in closet. Any of these
could function beautifully as a home office.
Unlike standard living
areas, creating a home office in a more remote,
less easily utilized/accessed space is ideal.
When working in a home office, being out of the
direct line of family living is a bonus, not a
problem.
So consider re-assigning a
pool house, part (or all) of an attached or
detached garage, attic areas (over the main
house or garage or other buildings), or basement
areas.
(NOTE: Rural homes, in
particular, are becoming more attractive to
those buyers who wish to escape the city and
begin (or continue) working primarily from home.
Current technology makes the dream of working
from home, more economical and more viable than
ever before.)
Help Your Listing Clients
Prepare
If you are guiding your
listing clients as they create home office
spaces, remind them to ensure the space has:
The home office should be
both comfortable and efficient. Storage matters
here – but it doesn’t have to be built in – it
will show just as well with freestanding desk
and filing areas, cabinets, and bookshelves.
Don’t forget a comfortable
reading chair with a table and lamp, if space
permits.
You may want to discuss the
option of renting office furniture
“month-to-month” during the listing period with
your listing client -- if the home office
concept is particularly hot in your area.
Market the House
Remember… it’s usually a
single room that sells a house. If you focus on
creating an impressive home office space – it
may be the key to accessing the exact
demographic you want to reach!
You aren’t just selling a
home; you are appealing to an individual.
-
Be sure you “play up”
the home office asset when you market the
home.
-
Ask questions of
potential buyers to help them recognize the
benefits a home office may offer their
current job (or an anticipated future job or
business).
-
Outline the particulars
of the office in your written descriptions,
photographs and virtual tours.
(NOTE: Consider creating
a list of homes with nice home offices as a
“niche market” for yourself. Create flyers that
you can include in information packets,
relocation packages, or post these on the web as
special interest listings.)
Market the Home Office
Concept
Utilizing technology to
“telecommute” or work from a home office makes
sense. And with today’s fuel prices… it makes
dollars! One selling point for using a home
office, even just two days a week, is how much
money will be saved without the commute. You may
also want to mention the family time that can be
gained, which would otherwise be spent on the
road.
Realize that there is a
growing entrepreneurial sentiment, a common
dream of working from home that many individuals
nurture. Even if they have not recognized the
need of a home office, the appeal of having one
is great and offering homes that boast that
option is alluring.
Using this information to
appeal to potential buyers can help you sell
your listing client’s homes faster, for more
money. A small investment to create an effective
office space can pay big dividends.
Technology and work have
“come home” for many people. Make it available
to your clients and help them sell their home
faster – even in the toughest housing market.
When you market a home, you aren’t selling walls
with a roof … you are facilitating a lifestyle!
(NOTE: If you would like
more information on the demographics of home
office workers, visit
www.Census.gov , where you will find
demographics specific to your own state.)
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