A report released last week by Better Homes and Gardens.
Home buyers are looking for large kitchens that are fun, but practical. Gardens magazine found that buyers who bought a new home in the last 10 years or plan to build one, say they’re through with cookie-cutter houses. The research study surveyed more than 2,000 homeowners from across the country, and about 70 percent said they wanted a house that has character and charm.
Top five priorities
1. An all-new kitchen that looks great and is fun to work in
2. The right amount and type of customized storage
3. A master bath and bedroom that feels like a luxurious hotel room
4. Well-designed spaces that can be personalized
5. A separate and conveniently sized laundry/workroom
The study also found that more than half of those surveyed wanted green-certified building and remodeling options presented to them. This figure jumped to more than two out three in the Generation Y age group (people born between 1977 and 1998).
Another growing trend among homeowners in the past few years is the need for expanded outdoor living space. About 40 percent of respondents said that their outdoor living areas are almost as important as their interior home. The traditional barbeque grills and patio tables just aren’t cutting it, and consumers today are shelling out big bucks for customized stone firepits and elaborate outdoor dining furniture.
Planning for life changes
When asked what specialty space the homeowners would prefer, 36 percent named the sunroom, 35 percent said an extra-large porch and 34 percent said an oversized laundry room. Many new homes being built today have turned the dull, often cramped laundry room into a multipurpose area with extra space to do arts and crafts projects or wrap gifts.
“Today the pace of change, in families and with technology, is so fast that consumers demand homes that will change with them,” says Gayle Butler, editor in chief of Better Homes and Garden.
Baby Boomers especially are planning for these changes. In the next five to 10 years, about one out of three Boomers expects an aging parent to move in or an adult child or relative to move back home. As a result, the need for guest accommodations will be in demand. The survey also found that this generation will be looking for single-floor living.
So whether you’re preparing your home to sell or looking to buy a new one, it’s always good to keep in mind the ever-changing trends affecting the housing market.