We have a new decade before us and you could already see yourself settled in your dream home, with all the features and the design you have always wanted. Year 2020 could be the year that dream becomes a reality and you find fulfilment in reaching for the American dream of homeownership.
Probably you’ve been saving money and thinking about buying a home for a very long time and at some point we all go through the process of buying a home, so here are some of the things home buyers are looking for in 2020.
What are buyers looking for in a property
While inspecting a property, a buyer might look after a couple of things that could potentially raise their interest and help you sell the property. Here are a few things that significantly raise home buyers interest when in search of a home within the real estate market.
Big, spacious kitchen
When it comes to the features of a house, those that have large kitchens are more likely to sell quickly. It is a very important aspect that adds a lot of value to a home, and raises the interest of a home buyer.
People usually prefer an open-floor kitchen rather than compartmentalized rooms because it allows for easy transitions between rooms.
Also an eat-in kitchen is mostly preferred amongst families with children as most of the time is spent together around the kitchen table and an open space kitchen allows for that.
Home Office
A lot of people nowadays, have jobs that allow them to work remotely from the comfort of their own homes, so it is no surprise that in 2020 an important feature on a home buyers wish list is a room designated for a home office.
According to U.S. Census data, more than 13 million Americans work from home and this trend is continuing.
Having a dedicated place in the house for people that work from home keeps them focused and concentrated while they accomplish their tasks, and other projects. In order to create such a space it’s important to take into consideration not only the room designated for this purpose, but also, the interior design of the room and the color choices which have a significant impact on people. That’s why an office could very well be on a home buyers checklist.
Energy Efficiencies
With a growing interest for protecting nature and the environment, now in 2020 more home buyers are looking for energy-efficient homes. Homes that are energy-efficient also help limit the utility bills and saving money in the long term is another aspect that matters when buying a home.
Some ways you can make your house energy-efficient:
Energy Star-qualified windows that have vacuum-sealed spaces in between the panels, filled with inert gas, to help reduce undesired heat loss or gain in the home.
Thermal mass materials used in walls and slab foundations in order to absorb and store heat energy, this helps with slowing the rate of heat transfer.
High-efficiency heating and cooling systems is a very important feature when it comes to energy-efficient homes because 48 percent of the home’s energy use is accounted on the heating and cooling system.
Number of bathrooms
Since the number of rooms in a house is increasing home buyers are looking for more than just one bathroom while in search of a property. It is important to note that older homes tend to have just one bathroom and for some, remodeling might not be possible so it is important to think beforehand how many bathrooms your house should have based on the amount of rooms, and the destination of the bathrooms. Also take into consideration that remodeling your bathroom could be very expensive, so make sure you find the best ideas to remodel your bathroom on a budget for maximum profit and minimum investment.
It seems that two-bath homes are most desired amongst home buyers when choosing a house and it represents a priority on their checklist.
Number of bedrooms
The marketplace offers a variety of options when it comes to space and number of rooms for a home and depending on the home buyers needs preferences could vary. If we are talking about families with children they might look for a three-bedroom home or more, on the other hand young couples without children could go for homes with fewer bedrooms and focus on other features of the home. Bedrooms could serve multiple purposes, that’s why it is a feature that is important for the home buyer.
Bedrooms could accommodate family members with different bedtimes and study habits as well as serve families to design children specific bedrooms.
Extra bedrooms could also be used for different purposes such as an office, kids playroom or exercise room. The additional room could also make for a guest room or storage room for different supplies.
Improvements and updates for your home
Buyers in the market are usually willing to pay for quality, that’s why updates are a great way to grab the interest of a home buyer. When updating focus on the most important rooms inside the house: the bathroom, kitchen, bedroom. Other rooms inside the house might be viewed more like a bonus and not a necessity, so home buyers focus mainly on these three.
The bathroom and kitchen play a major part in pursuing a home buyer for the sale and it should not be neglected. The 2020 housing market brings forward a young crowd which means that most of the budget allocated for the home is going toward the down payment and furnishing, that’s why having an updated kitchen and bathroom are going to be important features for a home buyer in 2020.
Location, an important feature for home buyers
Easy access to places home buyers frequent the most is usually important when choosing a location. Access to main roads for easy commutes and the location of the home within the neighborhood is important for people. Some might prefer the suburbs and others would like to go for main boulevard locations. This also impacts the price of the house so be sure to check with your realtor for locations that come at a higher price.