SANTA CLARA, CA— With life going back to regular as the COVID-19 pandemic recedes, prospective custom desk property buyers have developed a specific set of concerns when it pertains to the items and style features they want in their next house.
That is the crucial conclusion of a new nationwide study conducted by Realtor.com. The current online survey involved more than 1,200 adults over the age of 18 who prepare to acquire a home within the next 12 months, according to Realtor.com, which is operated by publicly traded News Corp under a license from the National Association of Realtors.
“ The COVID pandemic introduced a new way of considering what ‘home‘ means, and that is affecting much of what today‘s house shoppers are looking for,“ said George Ratiu, senior financial expert for Realtor.com, which reported that the desire for extra area was the top reason driving home consumers‘ decisions to acquire a new home in the coming year. Survey actions also suggest buyers are trying to find more flexibility in their home space and cost in exchange for a shorter commute, the new truths of a post-COVID world, Ratiu said.
“ Garages, big yards and area for animals always rank high up on purchasers‘ wish lists, however those functions have actually grown in importance,“ he said. “The pandemic has raised our relationship with household, in addition to the requirement for our home to serve numerous functions, especially the ability to work from another location. As a result, we‘re positioning a premium on the requirement to accommodate extended family, and features like a office and broadband internet.“
When asked which home features have ended up being a top priority as a result of the pandemic, a peaceful location (28%), an updated kitchen (25%) and garage and large backyard (24% each) topped the list. Outside living area (20%), area for family pets (18%), updated bathrooms (19%), office and broadband web capabilities (17% each) and open layout (16%) completed the leading 10 pandemic-induced most wanted house functions (see chart, left).
Sixty-five percent of participants showed that they are thinking about double chaise sectionalextended family when they shop for a house, with nearly a quarter mentioning that they are preparing to buy near family members, Realtor.com reported. One-fifth of those surveyed said they will have extended family dealing with them full-time, while 30% stated their newmodern rugs home would require to accommodate extended family sticking with them part-time or visiting.
Decreasing in value from prior studies was the requirement for a brief commute time and a house with smaller square video. For instance, only 9% of those polled indicated a short commute time was a concern, and just 4% said they are searching for smaller sized square footage. This was below 11% and 8%, respectively, prior to the pandemic.