With the Coronavirus Pandemic, we have had to adjust to new and different lifestyles. A major facet of these changes has been the massive switch to remote work. This change has resulted in changing priorities in what new and old home-owners alike are looking for in their purchases. The remote-work lifestyle has de-prioritized location in some ways and emphasized the need for a comfortable place to live. This has led to the advent of re-invigorated interest in smaller cities, with more accessible activities and cheaper costs. These so-called ‘Zoom Towns‘ – named after the most-used video-chat system among businesses – have become the next big thing in real-estate.
But What Makes up a Zoom Town?
Near the City, Not In It
Because of the drastic changes in commutes – I.E. many people don’t have a commute anymore – Zoom Towns are largely places that provide easy access to major urban centers but are far enough away to provide more space to spread out. While many would assume this means suburban sprawl, this also includes areas that are traditionally vacation-oriented, or even more rural sectors.
This is always a concern in the housing market, but it has sprung forward in times of adversity as a priority across the board. This can be a surprise, considering the rise of traditionally vacation-oriented spots being seen as permanent living locals, but remember that off-season prices can be very different than on-season prices.
Comfort can take many different appearances, but because of the increased amount of time that people are spending at home, comfortable living spaces are at a premium now. The major two forms of ‘comfort’ are smaller, cozier homes, and larger, more spacious homes. This will likely depend largely on what the nearby offerings are – small homes will want more ways to get out of the house, while larger homes can be designed and furnished to serve all needs.