As a result of the coronavirus and the forced home office, people no longer want the same house as they did a year and a half ago, a survey found.
Plans before construction professionals have shown that more and more people are willing to sacrifice on the altars of large public spaces as a result of the pandemic and want to create rooms in their homes that have the primary and clear goal of being able to retreat. These spaces can be suitable for work or, for example, for smooth telephone conversations.
According to their experience, there is also a definite tendency that those who want a new home pay much more attention than before to the design of the garden and yard of their future home. Having gardens and terraces is at least as important to shoppers as it used to be in the living room. I wish they could relax here as in the largest room in the house.
It has also become important for buyers to anticipate how much a particular property will be worth during a pandemic, and how that will change in the future, there is a great help online to calculate this.
According to a study by the American Institute of Architects (AIA), the proportion of respondents who think the possibility of outdoor living is important has jumped from 61 percent to 70 percent by 2020. In the U.S., the telecommuting opportunity was already high last year, rising further this year (from 68 percent to 69 percent), while demand for virtual meetings doubled (from 24 to 48 percent). The survey also found that, according to respondents, the most important living space at present is the outdoors, i.e. the garden or balcony, the terrace (29 percent), and the home office (22 percent).
At the start of the pandemic, many people decided to postpone buying real estate, but due to the protracted pandemic, buyers are congested, while this is also true for the sellers, many prefer to wait for the end of the epidemic and then publish their property for sale. As a result, prices and transactions are expected to fall temporarily.
At the same time, with the cessation of construction, the number of newly built properties has also decreased, thus increasing the already overcrowded market with more buyers than real estate – typically in larger cities with more job opportunities.