A growing trend shows that urban dwellers moving to Tennessee’s suburbs could lead to a demand for more expensive real estate. As reported by The Counselors of Real Estate and according to a survey conducted by The Harris Poll, approximately 40% of urban residents have recently considered leaving the city for the suburbs.
With more companies offering employees the ability to work remotely, buying or renting a home in a new setting becomes an attractive option. Preparing a property for rent or sale to a former urbanite may, however, require a greater focus on ground space and technology.
Space between dwellings and lifestyle accommodations
An individual moving from the city to a new home in the suburbs may not have a practical idea of how much square footage he or she needs. After time spent living in close proximity to urban neighbors, however, new suburbanites may wish to see more distance between their homes and an adjacent property.
Fencing or walls that block sound could help attract a buyer or renter migrating to the suburbs. Urbanites generally like to own pets, and a home that accommodates animals could become more appealing.
Technological enhancements that promote remote work
A short-term rental agreement may need to state which types of technology a tenant can use while residing at a property. Individuals who telecommute for work may need to set up broadband or high-speed internet systems that require installing cables.
Clauses relating to specialized audio-visual communications, satellite and other digital networking modes may require a detailed discussion. Describing a property’s number of rooms and how it could accommodate a remote office could help to increase the appeal factor.
Real estate law can be tricky. If you’re considering purchasing commercial property, residential property, or rental property give The Baskin Firm a call first.