SANTA CLARA, CA— With life returning to normal as the COVID-19 pandemic declines, prospective property buyers have established a particular set of priorities when it comes to the items and style functions they want in their next house.
That is the crucial conclusion of a new national study performed by Realtor.com. The current online poll included more than 1,200 adults over the age of 18 who prepare to buy 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 introduced a new method of thinking about what sofa with chaise‘ house‘ suggests, which is affecting much of what today‘s home consumers are looking for,“ stated George Ratiu, senior economist for Realtor.com, which reported that the desire for additional space was the leading reason driving home shoppers‘ decisions to acquire a brand-new home in the coming year. Survey reactions also show purchasers are looking for more flexibility in their home area and price in exchange for a much shorter commute, the brand-new truths of a post-COVID world, Ratiu said.
“ Garages, big backyards and area for animals constantly rank high up on purchasers‘ wish lists, but those functions have actually grown in value,“ he stated. “The pandemic has elevated our relationship with family, along with the need for our house to serve numerous purposes, especially the capability to work remotely. As a result, we‘re placing a premium on the requirement to accommodate extended family, and features like a office and broadband web.“
When asked which home functions have become a priority as a result of the pandemic, a peaceful location (28%), an upgraded cooking area (25%) and garage and big backyard (24% each) topped the list. Outdoor living area (20%), area for family pets (18%), upgraded restrooms (19%), home office and broadband web abilities (17% each) and open layout (16%) completed the top 10 pandemic-induced most wanted home functions (see graph, left).
Sixty-five percent of respondents showed that they are thinking about extended sectional sofa with chaise loungefamily when they buy a house, with almost a quarter mentioning that they are preparing to purchase near family members, Realtor.com reported. One-fifth of those surveyed said they will have extended family coping with them full time, while 30% said their new home would need to accommodate extended family staying with them part time or visiting.
Reducing in importance from prior studies was the need for a short shop home office furniturecommute time and a house with smaller sized square footage. For example, just 9% of those polled indicated a short commute time was a top priority, and just 4% said they are searching for smaller square video footage. This was below 11% and 8%, respectively, prior to the pandemic.
Survey Spotlights Priorities of Homebuyers
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