Currently, I am working from home, outside of the city of Fort Collins which is a place many folks would like to be. Outside the major city where the jobs are, yet having the safety and security of a bit more room and the ability to accomplish a career remotely.
Over the past few months, 62 percent of employed Americans have been working from home and three out of five surveyed said they would prefer to continue working from home.
The increased opportunity to work remotely could make it easier for workers who had been priced out of cities to move elsewhere to buy a home.
Of course there are many reasonable limitations and questions that arise when considering a move to the burbs, can your career or job be accomplished in a remote manner long term, is the first that comes to mind. Only you can answer that, so let’s focus on why a move like this can make financial sense and bring some statistics to join the party.
Fort Collins is the nexus that brings all walks of life to Northern Colorado, career, lifestyle, sunshine, education or just a change of scenery are all offered in Fort Collins, for a price… per square foot.
As of today, the average price per square foot in Fort Collins is $207 with a peak in February at $219, for this example let’s use 2,000 square feet as a comfortable living space the asking price for that home is around $410,000.00.
Now, move to Windsor, outside of Fort Collins, beautiful downtown, multiple amenities and one of the best restaurants in Northern Colorado, Chimney Park. The average price per square foot is $161 with the peak being $175 in April, this comes to $320,000 for a 2,000 square foot home.
Knocking $90,000.00 off of a mortgage from the beginning is astonishing. Add to that the current low interest rates and just think about the savings. The savings that may go towards education for you or your kids, the savings that can build an investment portfolio, the savings that will be there for your eventual return to world travel. Would now be the time to consider moving out of a metropolis and into a smaller community that can offer personal well being and financial security?
If the answer to that question was possibly, I am happy to go down the rabbit hole and see if the numbers make sense, let’s look at those places we drive by and see what they have to offer.