Home buyers are looking for storage, energy efficiency and outdoor space, according to the latest preference survey released by the National Association of Home Builders and Better Homes and Gardens during the NAHB International Builders’ Show in Las Vegas this week.
On the other hand, buyers are showing less interest in cork flooring, elevators, pet washing stations, expensive outdoor kitchens and fireplaces, and two-story entryways and family rooms, the survey reveals.
More home builders are particularly focused on the wants of the millennial generation when it comes to home design, ensuring they build a home that this anticipated large wave of buyers will want to buy.
“They are the first generation to walk into home ownership with a smartphone in their hands,” says Jill Waage, executive editor of Better Homes and Gardens Brand.
Millennials are showing a strong desire to be able to use technology for entertainment and monitoring in the home. They also are looking for well-equipped kitchens and casual, comfortable living spaces and outdoor living spaces, she says.
“This generation is searching out ideas, following bloggers, and creating Pinterest boards with their preferences,” Waage says. “They’ve already curated their dream home online, saving it on their boards so they can [be ready] when the day finally comes.”
Source: What’s Topping Home Buyers’ Shopping Lists (realtormag.realtor.org)