Times are tough in the home-building industry, meaning the 500,000 or so new single-family homes expected to be built this year are going to include more practical and value-conscious features and fewer wish-list items.
What BUYERS of New and Existing homes want:
Simple practical things like walk-in closets, linen closets, laundry rooms AND STORAGE space. Kitchens with double sinks, with many cabinets and eat in areas are in high demand. Large families are also looking at TWO dishwashers in the kitchen as well as two sinks. Not just a double sink, but a food prep sink in the island as well.
other Big demand items are
Luxury Master Bedrooms with Bathrooms. Walk in Closet space is the biggest desire, and a good size but not huge bathroom. We are more likely to see stand-alone tubs, in classic or contemporary styles, that make a design statement in the master bath. The huge walking double shower head, once looked upon as luxury now may be looked as too much to clean.
The other BIG item starting to be seen around the county is getting AWAY from Planned master communities. Master-Planned Developments often tout their walking and jogging trails, pools and golf course, close to shopping as a community attraction. But such amenities may not be popular this year, home builders say. Buyers just do not want to pay those high monthly HOA fees or conform to strict rules.
The Green Home debate is still raging. Buyers want energy efficient homes, but at what upfront cost? The $15 to $20,000 more for a “Green Certified” energy efficient home sounds wonderful. However, many buyers are opting NOT to purchase that upgrade. Time will tell if “Green Certified” survives the next few years.