Even With Low Inventory in the Housing Market, Buyers Are Looking for These Five Things.

Mirtha Barzaga
Mirtha Barzaga
Published on March 5, 2021

It’s been a year. A full 365 days of living like we’ve never lived before. The first few months of the pandemic had us all in “lock down” practically unable to leave our homes. Then you may remember when Governor Ron DeSantis announced we were able to leave our homes and eat (with restrictions) at restaurants. Since the beginning of the pandemic, people are spending more time in their homes than ever. With most businesses and schools having transitioned to being virtual, and various stay-at-home orders being put into place, people are left feeling more cooped up than ever.

As a result, homebuyers have started to look for homes that accommodate this lifestyle. “Homebuyers are quickly able to identify the inefficiencies of a home now that we are spending more time at home,” shared Mirtha Barzaga, Davidson Realty agent and Top Producer, “They know the rooms they utilize most which now often includes a designated work-from-home area and since they’re spending more time at home they want it to be move-in-ready.” With inventory being as low as it is, buyers are willing to spend more money on homes that have been upgraded to meet their needs. Here’s what we know about what homebuyers are looking for this year:

  1. Outdoor space – With Americans prepared to spend more time than ever at home, people are looking for property with more outdoor space such as a yard or patio. A home listing that simply has outdoor space can be appealing, but what buyers are looking for is something unique. Patio spaces are a simple upgrade that can make your home stand out from the rest.
  2. Kitchen – The kitchen is often considered the heart of a home, and this becomes especially important for buyers who have started their family or are looking to start a family. Kitchens can often play a crucial part in closing a home and with people spending more time cooking and eating at home it can be very important for the homebuyer to have a great kitchen.
  3. “Zoom-Room” – As mentioned previously, with schools and businesses transitioning to being online, people are looking for extra space in a home to use as an office or classroom. Marketing a spare bedroom as a potential office space could attract buyers to your listing.
  4. Garage Storage Space – Storage space can be very important to buyers, especially those with growing families. Homeowners are learning to understand the practicality of their existing living space after being cooped up at home, so adding storage to the garage creates an easily accessible space that is appealing to buyers.
  5. Hardwood Floors – Hardwood floors offer a “clean” look to a home and can be more durable than carpet. Buyers may be attracted to simplistic hardwood that can be easily maintained rather than carpet that should be replaced every 8 to 10 years.

If you are looking to sell your home fast, renovating to accommodate current homebuyers needs is essential. These investments have proven to show return and can increase sale listing prices! Call Mirtha Barzaga and the Barzaga Team today to discuss buying or selling your home.

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