As the COVID-19 outbreak has changed the face of many industries around the globe and in the US, the pandemics have also changed the way we live. Moreover, COVID-19 has also changed the way we see our home and the things we need in a home. The outbreak might lead to new trends in construction and the housing market as new homebuyers might be looking for more tech-oriented homes. The outbreak is already forcing digitization across numerous industries, also forming new trends in real estate and the housing market.
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Private and Spacious Homes on Higher Demand
Zillow is reporting that there are 73% more searches focused on new construction homes when compared to 2019. Builders are noting that homebuyers are looking for more spacious and more secluded and private homes after the first wave of COVID-19. Noise control, more doors for alternative home offices, and additional space to keep the kids busy are some of the requirements set by new homebuyers in June 2020. It is becoming evident that more work will be done from home in the future, which is how real estate and the housing market are changing as well.
New and Never Used Homes Stand as Top Requirements in Real Estate
Zillow reports that new construction home buyers are looking for homes that have never been used by anyone before as one of the top reasons to choose a newly built home. However, the fact is that homes, where someone lived before, are equally private, germ-free, and clean as newly built homes.
Installing Smart Home Features
Homebuyers can install smart home features even in homes that have been used before. Features like slide doors can also be used in the customization of older homes, while smart-home designs may also include contact-free faucets, self-cleaning toilets, and other smart home features.
