Time is the new money. We really value it.
One of the main advantages of a live/work property is the huge amount of time it will save you.
The average US worker spends more than 100 hours per year commuting to work, compared to just 80 hours (ten working days) vacation time (source: US Census Bureau American Community Survey).
The average commute time in the US is 25 minutes, but that rises to more than 30 minutes in cities like New York, Chicago and Newark. And of course many people spend much longer than that getting to and from work. New York, Baltimore, Newark, Philadelphia and Chicago all have significant numbers of people with daily "extreme" commutes of 90 minutes or more.
So, having live/work premises can produce a significant increase in working time - very important for those building up a new business. And you won't need that half hour to recover from the stress of the journey either.
And what about all those unnecessary meetings at work? All the polite office small talk about the election, sports or the weather? If you live/work, you only go to the meetings you want to, you only gossip, socialise and network when you want to. You cut out not only the commute but a whole range of things that remove your control over your own time.
It is little wonder that respected reports on productivity and homeworking have concluded that those who work from home are significantly more productive - anything from 15% to 30%.
And those who work from home are also said to be much less likely to take time off with sickness: there is no challenging commute, so a few hours work can still be possible, perhaps in pyjamas.
It's this simple: working in a live/work unit will save you a lot of time and effort.
For those who see more to life than working all hours, live/work also comes to the rescue. Combining workspace and home means working when you want to - no closed offices, no special journey. It also means time off when you want. Those who work from home often work longer, it is true. But they choose to do so, control their own hours and, according to studies, feel less stressed.
For those with kids, it's a way to be close to school if they are sick, to work around their school day, to work less during holidays and to see more of them in a good frame of mind rather than come across as the stressed commuter. No more stress at breakfast time either.
And unlike normal homeworking where family/personal life often intrudes on the workspace, live/work property usually creates either a separate space for work, or enough space to ensure the one does not dominate the other. Only live/work property, remember, was designed from the outset to provide workspace as well as home.
Well designed live/work property keeps your workspace easily available. But it also allows you to shut the door on work when you choose.
SAVE TIME - AT A GLANCE
Not yet convinced? Here is a checklist for you. See if any of these could apply to you if you choose the live/work approach:
- no commuting - to work or back to home
- no need to recover from commuting every day at work and home
- no need to wear work clothes or do the full make up
- no breakfast time panic to get to work on time
- no unnecessary work meetings, only the ones you want
- no small talk with colleagues you didn't choose to work with
- no constant interruptions while you are working productively
- no backlog caused by full days off when you were ill but could have worked some of the day
- no long journey to the office/workshop for extra work out of normal hours
- no normal hours any more at all - you choose when to work
- no problem taking a nap, doing the yard work, whatever - quality breaks at your fingertips
- ability to work evening and weekends if/when you want
- ability to go to places that are less crowded when everyone is at work, eg supermarket, gym, beach
- no panic to get back in time to get the kids from school
- ability to work at least some of the day if your child is off school sick
- ability to work around school days and holidays.
The list goes on and on...