And the good housing news continues. According to Mortgage News Daily, “The American Institute of Architects (AIA) is seeing an improving market reflected in the size and amenities Americans now expect in both new homes and when they remodel” (see article).
Here are a few ways that what homeowners are expecting to see in homes is changing:
1) Bigger is better! Higher prices per square foot equals more square feet.
2) Outdoor spaces are seeing a renewed focus. What’s on the outside is as important as what’s on the inside.
3) Open-space layouts and single-floors are trending. This makes it easier to make outside spaces flow indoors and add to the versatility of the home.
The types of amenities are also changing. Again, the focus on outdoors means that spaces that allow for a healthier lifestyle are in high demand – less wine cellars or mud rooms and more gyms and yoga rooms.
Since it’s not just important to have more amenities, but ones that are desirable in today’s market, we recommend getting in touch with us to discuss what kinds of upgrades are going to bring your home the most value as we continue to keep our finger on the pulse of the market.