Top 4 Things Home Buyers Look for in a New Home

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There has been an undeniable shift in the age and expectations of home buyers over recent years. Many people shopping for real estate today are getting younger. Rather than your typical home buyer from 30 to 40 years ago, who were most often recently married couples looking for a place to start a family, single women now make up a larger portion of first-time buyers, as do the always-connected mobile professionals. This generation of home buyers grew up with smartphones, mobile apps, and Google Searches. They are extremely tech savvy and it’s no surprise that they are not only searching for homes using these new interfaces but want the home itself to feature new technology.

In a recent study it was discovered that 77 percent of generation X and generation Y home buyers want their homes to feature the technological capabilities that they have grown accustomed to over the years. It has become apparent that as today’s home buyer evolves, so does the home. Along with the major shift in real estate shoppers’ ages and expectations comes a major shift in the things they will look for in their new homes.

Top 4 Things Home Buyers Look for in a New Home

Media Rooms and Smart Homes
Media rooms emerged in the late 1990s and really became popular at the turn of the century. These high-tech rooms often include surround sound, pool tables, plush seating for guests, and extra large-screen TVs or the latest audiovisual equipment such as projectors and projection screens. Most people however, don’t want the latest technology to be limited to just one room so they are creating “smart homes” out of an entire property through home automation systems. New homeowners want to be able to control as many things in their homes as possible through one tap on a touch screen home remote. Imagine remotely locking and unlocking doors to let guests in and out, automatically turning on the air conditioning or heat on your way out of the door, or monitoring the family pet via webcam while at work. Given that technology is becoming an increasingly important part of our lives, transforming a home into a “smart home” is likely to be a smart investment.

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Celebrity Style Dream Closets
Large walk-in, “dressing room” style closets have shifted in recent years from being on the “want list” to becoming high on the “must have” list for many people looking to purchase a new home. Homeowners have even taken it upon themselves to create the closet of their dreams by transforming an extra bedroom into an oversized walk-in closet.

Home Offices
More and more people are enjoying the luxury of working from home. Those who do not officially work from home often come home from their corporate office to their home office to finish up emails and wrap up the work day. Home offices have found their way onto today’s home buyers’ wish lists. Depending on the number and layout of bedrooms, some will create a custom home office with built-in desks, shelving, and cabinets. While many prefer a designated home for their laptops, desktops, printers, and other office gadgets, others can be deterred from the permanency that built-in features create in the space. It’s important to keep in mind that, provided there isn’t a built-in desk, the space can easily be reverted back to a bedroom.

 

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Hardwood Floors
Most buyers prefer gleaming hardwood floors because they make a space feel less confined and give it a new, clean feeling. Most people also find that hardwood floors are easier to keep clean in high traffic areas. If you see a home that you love, with wall-to-wall carpeting that makes you love it not so much, ask what’s underneath it. Often times you’ll find a hardwood floor that will give the home an updated, lighter look with a little sanding and polishing.

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Think Long-Term
Certain home trends come and go like smaller trends in paint color, kitchen countertops, and bath fixtures. They’re based on larger design or style trends and even fashion trends. Larger fixtures of our homes change more gradually. They reflect shifts in how we live rather than mirror the latest fad. As a result, investing in these larger, long-term home shifts is the better use of time and money.

Though the world, and therefore today’s home buyer, has changed dramatically in the last 30 years, some things will always remain the same. People will always need a place to rest at night, or to gather with friends and family on holidays. And, real estate, despite recent ups and downs, will always be a good investment.

If you are looking buy or sell a home in the Dallas, University Park, Highland Park, or Preston Hollow areas, contact Emily Price Carrigan.

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