The National Association of Home Builders just released their latest edition of What Home Buyers Really Want and the results are no surprise since the Pandemic. Forty-seven percent of buyer’s say an exercise room is a must-have.
The COVID-19 stay-at-home orders were the catalyst to the rising popularity. As far as generations, 61% of Millennials desire an exercise room and 62% of GenX’ers.
Sixty-seven percent of buyers are paying over $500,000 or more for their new home and want a single-family detached home. Seventy-five percent want an exercise room that is 100 square feet or larger.
Another room that hit the top must-haves was the laundry room at 47%. Homeowners are busy and laundry piles up. A nice-sized laundry room gives space to hide your dirty laundry so to speak.
The book also lists the top five community features which are walking/jogging trails, a typical suburban neighborhood, a park area, being near retail space, and a walkable community.
The book also lists the most unwanted features in a home. Surprisingly 42% said they would not want an in-law suite, 48% a wine cellar and 47% a pet washing station. Just a short while ago these features were desirable.
If you are in the market for a new home, choose a Realtor that is familiar with the market. A local sales agent will be able to fit you with the perfect home for your needs.
