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as groups who want to be closer to night- life, arts and increased culture-related activi- ties, are coming back to cities at an even higher rate than before." Tim Ossmo, CEO of Suburban Jungle in Chi- cago, says urban living is a significant attrac- tion for many buyers and renters today. "From cultural hap- penings such as con- certs, museums, trendy bars and restaurants, and sports arenas to the concept of walkability or close proximity to a job center, there are many pros to city life," he says. Shaun Larson, real estate broker at Parks Real Estate in Brent- wood, Tennessee, agrees. "Migration from the suburbs to an urban center often relates to the level and type of growth an urban core is undergoing. Suburban homeowners who often have owned grasslands and single-family homes sometimes reach a stage at which they are looking to reduce the time-con- suming aspects of home- ownership without giving up lifestyle," Larson says. "If an urban core pro- vides activities relating to segments like dining, concerts, sports, and culture and is undergo- ing thriving growth that encourages downtown life, homebuyers recog- nize the opportunity and envision their next stage of life in the city." Ask southeast Michi- gan Realtor Jason Ge- lios and he'll tell you that he's witnessing greater migration in his market toward subur- ban areas. "I've had many home- buyer clients attribute suburban living to hav- ing more space outdoors to enjoy, closer ameni- ties, a better community for their family and a more affordable home compared to properties in the cityscape," Ge- lios says. "But I always advise buyers to make sure they learn as much as possible about their target area, including the school district, local amenities and the job market. It's important to look beyond the ac- tual home to consider whether an area is feasi- ble to your living needs." Expenses to consider before moving out of an urban area are taxes, landscaping, home maintenance and utility costs, Ossmo recom- mends. By contrast, think carefully about the compromises you will make if you are pondering a move to an urban area instead. "An urban move tradi- tionally means less space, less privacy and often more noise. Safety and transportation options should also be consid- ered," Ossmo continues. Larson predicts that migration to the burbs will outpace relocations to larger cities in the coming years. "People have been ex- posed to remote working, increased conveniences and deliveries of con- sumer goods, and a drive to enjoy the quality of life, which includes more nature. That translates to buyers seeking more rural areas as either their primary or a secondary residence," he adds. Suburbs from page 3 20 Upcoming 2022 Date H8 BAY AREA NEWS GROUP 001 Homes | Advertising Section
