2019 Home Buying Trends
Purchasing a home is one of the most important decisions a person can make. While location remains the top deciding factor when searching for a home, it’s the home’s unique features that convert shoppers into buyers.
Ten years ago, everything in planning was larger homes. That trend has now reversed and today there is more focus on developing affordable options for middle-income homebuyers. According to data from the National Association of Home Builders (NAHB), the average new home size fell in 2018 for the third straight year. Homebuyers today are choosing paired homes/duplexes, courtyard apartments, bungalow courts, and multiplexes over larger, more expensive homes.
Open Floor Plan
Open floor plans have been in high demand for quite some time. By removing walls, homeowners can communicate freely with friends and family in areas that might have otherwise been closed off. An open concept design adds to the functional square footage of a home, making it the ideal choice for smaller spaces.
Flexible Living Space
As needs change and families grow, flexible living space becomes more important. Homeowners today want a space they can repurpose later.
Everyone wants to save money. This might be part of the reason why homebuyers find energy efficient features so appealing. Whether its Energy-Star-rated windows, or low-flow toilets, Zillow’s recent Housing Trend Report found that nearly half of all homebuyers find energy efficiency desirable.
No one likes to see clutter. Homebuyers today are making sure they have enough room to stash their belongings. In addition to closets, homebuyers want storage space in the laundry room and garage as well. We are seeing more builders find a way to utilize the space under the stairs for more storage too!
Smart Home Features
As technology becomes more prevalent in everything we do, homebuyers want more smart features in their home. This is especially true for younger buyers who expect lighting, temperature, and security system smartphone control.
A kitchen island adds surface area and storage while creating a space for family and friends to gather. Kitchen islands work well in every kitchen, even smaller spaces. While it might not be possible to fit a larger island with seating in a small kitchen, a smaller island provides the perfect space to prep and stage food when entertaining.
Prospective buyers are looking for amenities that promote recreation and socialization. Top choices include Wifi-friendly lounges and public spaces, community pools, community gardens, hiking trails, and gyms.
Strategic Sales and Marketing offers a variety of real estate sales and marketing services. Our team has years of experience working with the real estate industry and understands the steps required to identify trends in what buyers want and how our clients can deliver homes to today’s potential buyers. Please contact us for more information about our services.