Homebuyer Priorities Shifting in Wake of COVID-19

While confined to their homes during the pandemic, people have had plenty of time to take a good look at what their homes offer them — and what they don’t. Homeowners are reevaluating what’s important in a home purchase. Previously, many homebuyers were looking for a place close to everywhere they may want to go — likely in the city. Now, buyers don’t care too much about proximity to destinations if their own home offers them most everything they could want. That means single family residences with plenty of square footage and extra rooms.

Reshaping the home’s function is so important to people now that they don’t even want to wait until their next purchase. According to a survey by Porch.com, 78% of houseridden homeowners are increasingly looking at renovating their homes, commonly by adding a pool, home gym, or home office. A third are considering upgrading their home internet connection.

Photo by Ярослав Алексеенко on Unsplash

More: https://magazine.realtor/for-brokers/network/article/2020/10/what-will-homes-look-like-in-a-post-pandemic-world

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