SANTA CLARA, CA— With life returning to normal as the COVID-19 pandemic declines, potential homebuyers have established a specific set of concerns when it comes to the products and style features they want in their next home.
That is the crucial conclusion of a brand-new nationwide survey carried out by Realtor.com. The recent online poll included more than 1,200 grownups over the age of 18 who prepare to acquire a home within the next 12 months, according to Realtor.com, which is run by openly traded News Corp under a license from the National Association of Realtors.
“ The COVID pandemic ushered in a brand-new way of thinking of what Couch Potato Sofa with Chaise‘ house‘ suggests, which is influencing much of what today‘s house buyers are searching for,“ stated George Ratiu, senior economist for Realtor.com, which reported that the desire for additional area was the leading reason driving home consumers‘ decisions to acquire a new home in the coming year. Survey responses also show buyers are trying to find more versatility in their home area and affordability in exchange for a much shorter commute, the brand-new realities of a post-COVID world, Ratiu stated.
“ Garages, large backyards and area for animals constantly rank high on buyers‘ wish lists, but those functions have actually grown in importance,“ he said. “The pandemic has raised our relationship with household, along with the requirement for our home to serve numerous purposes, especially the capability to work remotely. As a result, we‘re placing a premium on the need to accommodate extended family, and functions like a office and broadband web.“
When asked which house functions have actually become a priority as a result of the pandemic, a peaceful area (28%), an upgraded kitchen area (25%) and garage and large yard (24% each) topped the list. Outside living location (20%), space for pets (18%), updated bathrooms (19%), home office and broadband web abilities (17% each) and open floor plan (16%) completed the leading 10 pandemic-induced most preferred home features (see chart, left).
Sixty-five percent of participants showed that they are thinking about extended custom sofa with chaisefamily when they look for a home, with almost a quarter specifying that they are planning to purchase near family members, Realtor.com reported. One-fifth of those surveyed said they will have extended family dealing with them full-time, while 30% said their new home would require to accommodate extended family sticking with them part time or checking out.
Decreasing in importance from prior surveys was the need for a brief get custom home office furniturecommute time and a house with smaller square footage. For example, only 9% of those surveyed suggested a brief commute time was a priority, and just 4% said they are searching for smaller square video footage. This was below 11% and 8%, respectively, prior to the pandemic.