It is obvious that in any market every buyer has a little different opinion on what they want in a home. However, there are certain trends that will go through the market every so often that make it seem that every buyer is looking for the same thing.
In today’s markets, many realtors are noticing a shift towards buying more newly built homes instead of looking for older or used homes. There are a few reasons for this shift that every realtor should understand in order to better meet their buyer’s needs. Here are some of the reasons why buyers today want new homes instead of used homes.
Better locations
More people today are looking to move out of the crowded cities and into a space that is more relaxing and inviting. Outward development, then, is becoming a lot more popular for new home buyers. Locations for new homes in Salt Lake City and other major cities are moving more into the suburbs where people can have more freedom to live the life they want to on a daily basis.
Having a say in the building process
In some cases, people will want to buy a house that is still in the construction process from the builders. In these cases, people will have a little more say in how the home is constructed than they would if they bought a previously built or owned home. This can make a house fit the buyer’s needs a lot more closely.
Energy efficiency
Old homes are famous for being a suck on energy and other natural resources. More people today care about an energy-efficient home not only to protect the environment, but to also save money. New houses are always more likely to provide energy-efficient living than an old house.
Less need for repairs or updates
Home updates and normal maintenance can be time consuming and expensive for any home owner. For people who have an older house, these updates and maintenance issues can be overwhelming and even lead to debt. New houses leave less for the home owner to worry about.
Modern style
Trends for interior and exterior design of homes change all the time. However, a lot of people in today’s market seem to be focusing on the same look for their home. Modern and contemporary style are the most popular trends today, and older houses simply cannot offer this look easily to a person who is concerned with the style and look of their house.
Prices are more reasonable
Though this is not always the case, buyers in the market today can feel good about knowing that buying a new home will not be as big of a burden as it once was. Because it is arguably a ‘buyer’s market’ in most regions and neighborhoods of the country, a lot of people can find a place to live at a more much reasonable price than they could in the past.
Image: https://pixabay.com/en/architecture-contemporary-apartments-692369/
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