Since these buyers represent the biggest pool of buyers, it’s important to evaluate what these purchasers want to see in a home. Most of the features are also now indicative of what the mass market wants also. Below are just a few of the must-have features that are topping their list.
At the top of their list is an open concept floor plan. Gone are the days of the compartmentalized cape cods. The old adage remains the same that an updated kitchen is valuable but even more so if there are no longer walls or upper cabinets that close off a room to the kitchen. Buyers are visualizing their home as a place to entertain large groups of family and friends. Having the kitchen wide open to the family room and visible from other parts of the home are extremely important for this generation of purchasers. Ditching a formal living room and/or dining room is also permissible to accomplish this look/feel. A feeling of openness can sometimes be easily achieved or in other cases require major renovation.
Another popular feature for most buyers is a room or space within the home that can be designated as a home office. According to a Forbes.com article from 2013, one out of five Americans work from home at least once a week. That’s 30 million teleworkers. The latest telecommuting statistics show 3.7 million work from home at least half the time. So, a room that can be distinguished as a home office has become more important than ever. Ideally, a room that is inspiring, yet distraction free. Often times, the formal living rooms of yesteryear are being converted into an office that can be closed off and kept private. Most buyers are also wanting these office spaces to be on the main floor. It’s not often that the work spaces need to allow for client visits but that could also be a nice perk if given the option.