Every year, the National Association of Home Builders (NAHB) conducts a survey to determine what design features are deemed essential by homebuyers across generations. This year, there has been a significant increase in the desire for bigger homes, suburban locations, and more outdoor amenities. Here are a few key takeaways from this year’s survey.
Buyers Want Bigger Homes
Across generations, the ideal home is around 2500 square feet. In addition, there has also been a significant increase in the number of bedrooms homebuyers want. On average, buyers are most interested in homes with 4+ bedrooms and at least three full bathrooms. The National Association of homebuyers attributes these shifting priorities to the pandemic.
Outdoor Living is Back in Style
According to NAHB, the percentage of single-family homes with patios has risen to 63%. It’s clear that much more emphasis has been placed on outdoor living. Millennials, in particular, have expressed a significant interest in having a front porch. Home shoppers have also expressed an interest in exterior lighting features and patios.
Updated Home Design is a Must
Millennials and Gen Xers have started prioritizing homes with contemporary or modern exteriors. It’s speculated that this trend comes from a desire to keep homes in the family for multiple generations, on top of the general increase in popularity of these styles.
Energy Efficiency Remains a Desirable Money Saving Tool
Homebuyers have continued to prioritize energy-efficient features during the home search process. Energy star appliances, whole home certification, and energy-efficient lighting are all features that incentivize the current buying pool. After so many months spent at home, it’s clear that people want to cut heating and cooling costs as much as possible.
Most Essential Home Features
Overall, homebuyers consider these five features to be essential in their next home:
- Laundry rooms
- Exterior lighting
- Ceiling fans
- Walk-in pantries
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