Homebuyers seek more space, big backyards in the wake of Covid

by | Dec 2, 2020 | Blog, Denver Real Estate Market | 0 comments

The pandemic has muscled its way into our world, changing the way we live. We now throw on masks as casually as we once did scarves, stay six feet apart, and see danger where we once only saw a shopping cart or a checkout line.

No wonder the virus is also impacting our needs at home. After all, we’re spending so much more time there.

“The idea of what is necessary is changing,” one lifestyle expert recently told Realtor.com. “The home has become more than a living space.”

Indeed, home has become a place where we work, as well as play. And buyers are seeking features that accommodate this new lifestyle.

Here are some trends:

A home outside of the city: There’s nothing like a pandemic to make you suddenly wary of crowded areas. No wonder many people are seeking homes in the suburbs and rural areas. According to a Pew Research Center survey, as reported by Realtor.com, “One in 5 U.S. adults says they either changed their residence due to the pandemic or know someone who did.”

A video conferencing room: Real estate agents are calling them “zoom rooms”—a spot where family members can make zoom calls. “Zoom rooms are free of household clutter and typically removed from the high-traffic parts of the house,” notes Realtor.com.

Bigger homes:  With people spending more time at home, space is at a premium.  Housing experts predict the average U.S. home will eventually boast 3,000 square feet—37% more than 20 years ago, according to the Denver Business Journal.

Roomy backyards: If we’re stuck home, what better escape than to our own backyards? “Some buyers are even willing to settle on a smaller house or a house in a less desirable area in order to have a large backyard where they can spend more time in the open air,” notes Realtor.com

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