Most Wanted Features in a Laundry Room

Laundry may not be your favorite chore, but laundry rooms are among the most wanted features in a home, according to the National Association of Home Builders study What Home Buyers Really Want (2019).

More homeowners are moving their laundry rooms out of the basement and into the main living areas of the home. Not only is this more convenient – no more trips down to the basement – but a well-thought-out laundry room provides room for storage and organization. Keep reading for tips on making your laundry room functional and beautiful – no matter the size. 

Mud and Laundry Room Combo

If you are fortunate enough to have a mudroom, you may as well make the most of it! Add a sink for quick rinses, nooks for coats and shoes, and an area for folding, ironing, and hanging clothes. 

Make the Most of a Closet

If you don’t have an entire room that you can dedicate to laundry, don’t worry. Converting a closet is an option that can help you stay organized while keeping the machines out of sight. Stack the washer and dryer, and utilize the rest of the space for storage.

Use All Accessible Space

Use the space you have wisely. Wall space, cabinets, and shelves can be utilized for organization. Create distinct areas for storing cleaning supplies, folding station, drying, laundry baskets, and sorting clothes. 

Hang Dry

Space to hang dry delicate items or freshly ironed garments should not be overlooked. Instead of a bulky drying rack that takes up floor space, install a couple of towel holders, closet poles, or a wall-mounted drying rack. 

Play with Design

The laundry room is the perfect place to play with design. Bold colors, wallpaper, or a textured accent can liven up the laundry room. Since laundry rooms are typically small spaces, you can get creative with your design. 

What does your dream laundry room look like? 

 

Builder Confidence Reaches 20-year High

If you are in the market to buy or sell a home, you may have heard that at the end of 2019, the national inventory declined by 9.5%, according to realtor.com

What does this mean? With fewer homes on the market, and buyers actively searching for their next house, experts predict inventory will remain low into 2020. 

It also means that builder confidence levels are breaking records.

National Association of Home Builders/Wells Fargo Housing Market Index

Every month for the past 30 years, the National Association of Home Builders (NAHB) conducts a Housing Market Index survey. This survey gauges builder perceptions of current single-family homes sales and sales expectations for the next six months.

The last two monthly surveys – December 2019 and January 2020 – have the highest confidence levels for builders since 1999. The confidence level reached 76 points in December and decreased by just one point in January. To compare, builder confidence in January 2019 was 58 points. 

What does this mean?

With low inventory levels, low mortgage rates, and a strong labor market, builders are going into 2020 with high levels of optimism. 

NAHB Chairman Greg Ugalde said,

“Low interest rates and a healthy labor market combined with a need for additional inventory is setting the stage for further home building gains in 2020.”

Builders are prepared to tackle the problem of low housing inventory, particularly for single-family homes and starter homes. Buyers who are frustrated with a lack of housing options can work with builders or search for new development projects in the area. 

Are you considering building in 2020? Contact us today!

 

 

Most (and Least) Wanted Features in a Home

We’ve all thought about our dream home: the features, design, and amenities we would select if there were no limiting factors. 

In What Home Buyers Really Want (2019 Edition), a study conducted by the National Association of Home Builders, close to 4,000 home buyers were surveyed to determine the most desirable features when looking for a home.

The survey found that the most desirable features are all about practicality. 

Most Wanted Features

In the survey, participants ranked each feature as Essential, Desirable, Indifferent, or Do Not Want. These were the top ten features buyers look for in a home, according to the survey:

Feature Percentage of People who Rated the Feature ‘Essential’ or ‘Desirable’
Laundry Room 91%
ENERGY STAR rated windows 89%
Patio 87%
ENERGY STAR rated appliances 86%
Ceiling Fan 85%
Garage Storage 85%
Exterior Lighting 85%
Walk-in Pantry 83%
Hardwood Flooring 83%
Double Kitchen Sink 81%

 

A laundry room came in as the most desired feature in a home, with 91% noting this was important in their home search. Having a laundry room in the primary residence is convenient and saves our most valued asset: time. 

The remaining top ten features focus heavily on sensible and sustainable features. Two spots in the top ten show that ENERGY STAR ratings are essential to today’s buyers.

In addition to ENERGY STAR windows and appliances in the top ten, ENERGY STAR for the entire home came in at number 11, with 81% of buyers stating it was essential or desirable in a home. Green construction is important to consider when moving into a new home, and ENERGY STAR features are one of the easiest ways to implement a sustainable lifestyle. 

Storage is another factor homebuyers seriously consider, with both garage storage and a walk-in pantry making the top ten features. 

Least Wanted Features

As far as what buyers are not looking for, here are the most unwanted features in a home:

Feature Percentage of People who Rated the Feature ‘Do Not Want’
Elevator 66%
Wine Cellar 57%
Day Care Center 50%
Plant Covered Roof 50%
Pet Washing Station 49%
Dual Toilets in Master Bath 48%
Cork Flooring 47%
Golf Course Community 47%
Two Story Family Room 47%
High Density Development 46%

 

The top two unwanted features in a home were an elevator, with 66% of home buyers stating they did not want one in a home, and a wine cellar, with 57% of participants stating they do not want one.

Other features that are unwanted by home buyers are focused on community amenities. Ones that made the ‘do not want’ list include a daycare center, plant-covered roof, pet washing station, and golf course community. 

What are your most desired features in a home?

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