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Real Estate News and Advice |
July 18, 2008 |
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Surprising Facts About Home Offices
by Blanche Evans
For some of us the home office may be the corner of a garage, for others an oak-paneled haven complete with multiple phone lines and ISDN delivery. The Wirthlin Worldwide researchers have found that home offices are found in an astonishing one-third of U.S. homes. In a study that came out in January, 1,627 consumers were interviewed nationwide with 31% reporting that they have an office in their homes. Significantly, that is a sharp increase from the previous six months, when the percentage was closer to one-fourth (24%). In there Home Office Trends research study, Wirthlin Worldwide tracked developments affecting home offices, with special emphasis on furnishings and equipment. The demographics of home offices pointed to the highest probability of home office users as being married, middle-aged, educated and earning an income of $50,000 or more a year. "Education and income are the best predictors of who is likely to have a home office," says Michael Tourangeau, a home office specialist with Wirthlin Worldwide. "As the level of both increase, so does the prevalence of home offices." Here's how the study breaks down: Education. College graduates (46%) are nearly twice as likely as high school graduates (25%) to have a home office. For people with some post-graduate training, the odds jump to almost six in 10 (58%). Income. Nearly seven in 10 people (69%) with household incomes greater than $80,000 have a home office, compared with just 14% of those with incomes below $25,000. (The other categories: $25,000-$50,000--32%; and $50,000-$80,000--54%). Marital status and age. Home offices are more commonly found in married households (37%) than in those headed by singles (28%) or divorced people (28%). When it comes to age, respondents between 35 and 54 lead the way (38% have home offices), slightly outpacing those under 35 (32%), but far ahead of those older than 55 (22%). Despite all the recent publicity on telecommuting and home-based businesses, the study also showed that the home offices are more used for managing personal business such as household accounts and children's homework than in contributing to the income stream. Almost half of the respondents (47%) indicate their home office is used primarily to conduct personal business like paying bills, while another 12% of home offices are used primarily by kids doing homework. Barely more than one-third of home offices are used primarily for business purposes, whether to support a home-based business (16%), to handle after-hours work brought home from a conventional office (12%), or to telecommute (6%). "A common perception holds that telecommuting is widespread within-if not the primary rationale for-home offices," Tourangeau says. "But apparently the reality is that it has yet to penetrate the business culture to any significant degree." The ongoing Home Office Trends survey is conducted periodically to track changes over time. Although the survey results are thought to be of most interest to furniture and equipment manufacturers, furniture retailers, and office supply stores, builders and real estate professionals can also gain from this knowledge of the home office market. Founded in 1969, Wirthlin Worldwide is an opinion research and strategic consulting firm that has conducted research for many of America's largest corporations, including over half of the Fortune 100 companies. The company is based in McLean, Va., and has offices in New York; Chicago; Irvine,Calif.; Salt Lake City; Grand Rapids, Mich.; London; Hong Kong; and Canberra, Australia. For subscription information or further details about the study, contact Michael Tourangeau at (616) 954-0200. Published: May 21, 1998 Use of this article without permission is a violation of federal copyright laws.
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