Survey Spotlights Priorities of Homebuyers
SANTA CLARA, CA— With life returning to normal as the COVID-19 pandemic recedes, potential custom deskhomebuyers have actually developed a specific set of priorities when it concerns the products and design features they desire in their next house.
That is the essential conclusion of a brand-new nationwide study conducted by Realtor.com. The recent online poll involved more than 1,200 grownups over the age of 18 who plan to buy a home within the next 12 months, according to Realtor.com, which is operated by openly traded News Corp under a license from the National Association of Realtors.
“ The COVID pandemic ushered in a brand-new method of thinking about what ‘home‘ indicates, which is affecting much of what today‘s house buyers are looking for,“ said George Ratiu, senior economist for Realtor.com, which reported that the desire for additional space was the top factor driving home buyers‘ choices to buy a new home in the coming year. Survey actions likewise suggest purchasers are searching for more versatility in their house area and cost in exchange for a much shorter commute, the brand-new realities of a post-COVID world, Ratiu said.
“ Garages, big yards and area for animals constantly rank high up on buyers‘ wish lists, however those functions have actually grown in significance,“ he stated. “The pandemic has elevated our relationship with family, along with the requirement for our house to serve multiple functions, especially the ability to work remotely. As a result, we‘re positioning a premium on the need to accommodate extended family, and features like a office and broadband web.“
When asked which home features have actually ended up being a priority as a result of the pandemic, a peaceful location (28%), an upgraded kitchen area (25%) and garage and big backyard (24% each) topped the list. Outside living location (20%), area for pets (18%), upgraded bathrooms (19%), home office and broadband web abilities (17% each) and open layout (16%) completed the leading 10 pandemic-induced most desired home features (see graph, left).
Sixty-five percent of respondents suggested that they are thinking about double chaiseextended household when they buy a home, with almost a quarter stating that they are planning to purchase near relative, Realtor.com reported. One-fifth of those surveyed stated they will have extended family dealing with them full-time, while 30% stated their newmodern area rugs house would require to accommodate extended family staying with them part-time or visiting.
Reducing in value from previous surveys was the requirement for a short commute time and a home with smaller sized square footage. For instance, just 9% of those polled suggested a short commute time was a concern, and only 4% stated they are trying to find smaller sized square footage. This was below 11% and 8%, respectively, prior to the pandemic.
