Top 5 Things Homebuyers Are Looking for in New Homes in 2020
As more people make the switch to working from home and distance learning, many Americans are finding their current home simply does not meet the changing needs of their family. In addition to requiring adequate space to complete work privately, private spaces are becoming more necessary within homes for schooling and connecting to family, even if small. Having a space to relax away from the responsibilities of work or school allows families to separate home and office. This mental separation improves productivity and strengthens relationships.
While some things remain the same, many of the features prospective homebuyers look for in a new home have changed during the pandemic. The following details the top 5 things homebuyers are looking for in a new home this year.
Remote work and school is driving homebuyers to search for more square footage and separate bedrooms for every member of the family. Plus, homebuyers are looking for homes designed with office spaces and larger great rooms.
In 2020, more than ever, strong internet connection is not just a luxury, it’s a necessity when buying a home. In addition to enabling control of smart home features, internet connectivity and strong cell service allows for easy communication and fast connection.
Wireless connectivity makes it possible for remote learners to access classes and virtual calls. It allows remote workers to complete tasks and collaborate with teams. Wireless connectivity is required to run streaming services like Hulu and Netflix.
Updated Kitchens & Bathrooms
Regardless of the pandemic, one thing remains the same – new homebuyers want upgraded kitchens and bathrooms. This is especially true for Millennials and first-time homebuyers. According to a study conducted by Metropolitan Regional Information Systems, Inc., 81% of prospective homebuyers believe that updated kitchens and bathrooms are the most important feature when buying a new home.
With many restaurants closed, families are spending more time in the kitchen. In addition to upgraded flooring, countertops, and appliances, homes with large, open-floor kitchens are selling quickly this year.
Yards or More Community Amenities for Relaxation
As statewide restrictions to flatten the curve evolve, many homebuyers are keen to look for private yards, rooftop decks and private community amenities that provide them with outside spaces to relax in. It’s not likely the above-mentioned features will become less important.
Low Maintenance and Energy Efficient Features
Buying a new home is one of the largest purchases a person can make. After purchase, the last thing new homebuyers want is to put a lot of money into maintenance. Prospective homebuyers are looking for low maintenance, move-in ready homes. This also encompasses money spent following the purchase of a new home, an increasing number of homebuyers are looking for new homes with energy efficient features. Features like insulation, double-paned windows, low-flush toilets, energy efficient lighting and appliances can save homeowners a considerable amount of money over time.
Especially since the pandemic began, people everywhere have had to adjust and adapt to multiple changes. Businesses have realized that remote working saves money and often makes teams more productive. Schools and parents have discovered the many benefits of virtual learning. Throughout this time, most of us have figured out what we need to move forward.
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 and connect with potential buyers.