Times they are a-changin. Truer words were never spoken. The last 25 years have brought about a new generation of home buyers, and the things they are looking for in a home. Wall to wall carpet and formal dining rooms that were once so popular are often perceived as undesirable nowadays. Here are a few other things that home buyers seem to be looking for and will spend top dollar on.
Technology – it’s a whole new world. The way we communicate, shop, and manage our lives has evolved. Today’s younger home buyers are accustomed to living with and relying on technology like smart phones, Google, and IPads. “Smart Homes” that are cable, satellite and internet ready , with a high tech media room with a big screen TV, surround sound, and all the tech toys are extremely appealing to the younger savvy home buyers we are seeing in the market.
Working from home has become common thanks to the strides in technology we’ve seen. Having a home office is on the list of must haves for most buyers now. As the world becomes smaller thanks to the Internet, home buyers often require the flexibility to work from home all hours of the day and night.
A modern updated eat-in kitchen is one of the most important aspects of today’s home. Family and friends always seem to gather there and it has become the central hub of most homes. Entertaining styles have changed, and many remodels have seen the formal dining room integrated into this kitchen space.
Flooring preferences have also seen some changes. Back in the day, wall to wall carpet was thought to create a cozier home, and help with energy bills. Nowadays, hardwood or tile floors seem to have become the norm. They are easier to keep clean, harbor fewer allergens, and are and more practical for today’s lifestyles.
With the cost of living spinning out of control, having an in-law suite is more popular than ever. It’s a win- win – share the expenses, take care of each other, and maybe even allow grandchildren and grandparents to spend more time together. A bedroom and bathroom on the first floor is ideal for this setup.
39% of buyers felt that a walk-in closet in the master bedroom was preferable. Inside laundry and ample storage space are also oft requested items. 65% of these buyers also felt that air conditioning was a feature they wanted in a home.
House or condo? Many folks love the idea of a house with a yard, and all the activities that go with it. Other folks would rather spend their time in other ways. Many home buyers in the market also gravitate toward a no maintenance life that an urban condo complex offers. Many of these are built near transit, restaurants, entertainment and shopping. They offer amenities that can include a fitness and business center plus more eco-friendly walkable lifestyle.
How can you learn about what is trending with buyers in your neighborhood? Call or email us today.
We keep our fingers on the pulse of what is selling and what folks are looking for in the San Ramon Valley real estate market. We can help you roll with the changes!