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The 2020 Homebuyer Wish List!

The 2020 homebuyer wish list is in as the word “home” is taking on a whole new meaning this year. Buyers are starting to look for new features as they re-think their needs and what’s truly possible!

The Home Office

The desire for a home office has been steadily sneaking its way onto homebuyer wish lists pre-COVID. 65% of survey participants in a 2018 National Association of Home Builders survey said they wanted a home office in their next home. However, there is no doubt that the coronavirus pandemic has quickly brought working from home top-of-mind even for employers and workers who hadn’t entertained it before.

A PwC June survey of executives and office workers has shown that “a permanent flexible workweek (and perhaps workday) has broad support. Most office workers (83%) want to work from home at least one day a week, and half of employers (55%) anticipate that most of their workers will do so long after COVID-19 is not a concern.” 

The Outdoor Living Space

According to HomeAdvisor expert, Dan DiClero, in an interview with Forbes “In the past, a deck or patio might have been seen as a nice amenity for occasional barbecues. But now this outdoor space is an essential expansion of the home’s living space… Sure, it’s a place to grill hamburgers for an open-air meal, but with the right furnishings and shade protection, it might be a place for kids to do their homeschooling. Or maybe there’s a wellness corner, with room to roll out a yoga mat or put down a meditation cushion.”

The Home Gym

From more outdoor space to virtual classrooms for their children, home offices aren’t the only item on a growing list of what buyers would like to see in their homes.

The anticipation of long-lasting gym restrictions that include occupancy restrictions, mandatory mask-wearing, and limited class and machine spaces has many people thinking about a home gym, with reports indicating a 170% sales increase in home gym equipment since the COVID lockdowns began in March.

What Do You Think?

Are home offices, big backyards, and home gyms items on your “new-home-wish-list”? They have been for a few of our clients as of late; and for us as well! If your home needs are changing in any way, for any reason, and you are looking to take the next step, let’s connect! 

Contact Us

For immediate assistance, call us at 734-845-9700 or email Andy Piper at andy@piperpartners.com.

 

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