Most Consumers Want To Upsize, Post-Pandemic
During a pandemic, homebuyers are carefully measuring their current surroundings while they stay indoors. Post-pandemic, we may see a rise in larger living spaces, including patios, outdoor living, or access to amenities.
Smaller homes or condos were all the rage before the Covi-19 pandemic, especially for minimalist millennials on the rise of homeownership.
A prediction wave for a buyer’s desire to upsize their home is coming to life due to the pandemic. With Governor Desantis’ statewide stay-at-home order, many Floridians have hunkered down and have started to feel confined or have begun to feel stir-crazy.
According to Realtor.com, a survey of 1,300 homeowners stated the biggest complaint about their home during the pandemic was “small spaces.” The “must-have” items for their next home would be a larger space and outdoor area.
This desire brings new trends to the real estate industry, especially for buyers for are looking to upsize and enjoy some extra legroom. This could also be upsizing to more square footage, natural light, outdoor living space, a view, or complex amenities.
The survey also found the two most coveted features for a new home are a quaint/ quiet community and outdoor living space. For many Americans, being stuck inside has allowed homeowners to reconsider the most important features in their homes and their space.
Going forward (post-pandemic), outdoor living space, as well as square footage, could become the most important.
What’s your new home preference?