LIVIN ... IN A COVID WORLD
There's no doubt that the coronavirus pandemic has changed Americans' way of life. It has shifted our priorities in everything from work to how we live. Long after COVID-19 is in our rearview mirror, buyers will likely continue to have new priorities in place for their home search.
WHAT BUYERS WANT TODAY
The features atop most buyers' lists have changed in just the past several months. Buyers today are looking for:
HOME OFFICE: Shelter-in-place orders have made working remotely from home critical for a record number of people. Buyers will place a premium on the ability to work effortlessly from the comfort and safety of their own home. They will also place high value on technology.
HOME GYM: For many in quarantine, lack of exercise represents more than a vanity issue. It is a mental health issue. The trepidation many have in returning to a sweaty gym with hundreds or thousands of members has shifted buyer focus to homes that have a dedicated area where a workout can successfully take place.
OUTDOOR & OTHER LIVABLE SPACE: When people who had never spent too much time at home were remanded to their homes indefinitely, many quickly realized their home was insufficient for their new needs. While separate bedrooms for the kids or a media/game room may have once seemed a luxury, now buyers are seeking out those things in order to live more harmoniously among one another. Private outdoor space is seen as a must. Bigger yards, pools, and covered patios are all making the priority list in buyer home searches. With this, we are also seeing an exodus to the suburbs for many families hoping to gain more space for the kids and pets to run around.
Life after the coronavirus pandemic will no doubt require a long period of economic recovery and personal adjustment. For many, new homes to suit our "new normal" will be the first step in that transition.