The pandemic fast-tracked a number of paradigm shifts that were already reshaping our living habits, and it’s important to consider which of those will “stick” and which ones will revert to form when the pandemic settles down.
Amazon, for example, had already normalized the concept of shopping for items online and expecting home delivery within 1-2 days. To avoid supermarkets, many people quickly became comfortable with the use of Instacart for their grocery shopping, and it is reasonable to predict this practice will also become routine. So, there may be in the future a reduced need for proximity to shopping centers.
But other major trends are certain to revert to form once the coronavirus is no longer a concern. Kids will return to school. Diners will return to restaurants. People will congregate in bars, sports arenas and theaters. Schools and entertainment will again be important in our future.
As human beings, our innate drive is to be close to others. Fear and circumstances may have us retreating from activities we prefer, but eventually, we will find our way back. The axiom that the majority of homebuyers will plan on staying in their homes for a minimum of 5-7 years, and even longer in many cases, will remain. How will you feel in a couple of years when the home you purchased isn’t near the school district with the curriculum you want for your children? Or the commute to your office is 2 hours away through the traffic that has returned!
Your priorities in choosing a home are more important right now than ever. Make sure that the home you are buying in 2020 is not ONLY for the time being, but also for the future.