As we finally near the end of 2020, more Americans are making the decision to move. And because of the ongoing health crisis, buyers now have updated needs and expect their homes to function differently than before.
As our daily lifestyles continue to change, you may have a new perspective on homeownership. Here are a few reasons why people are moving at a faster rate than ever before.
Here’s Why So Many Americans Are Moving This Year
In 2020, the definition of “home” started to shift. Instead of being somewhere people returned after work, school, or going out, a house became the place where everyone spent a majority of their time. And after staying inside for a few months, many homeowners began to realize that their space just doesn’t function with their new normal.
All of this pent-up demand has created a surge in new home sales. While every buyer has their own reasons for moving, these are a few that we keep seeing again and again.
Working from home
Unless you’re an essential employee, you’ve probably been working from home for the last few months. And if you don’t have a dedicated workspace that’s quiet and functional, it might time to find a new home.
As more and more companies transition to working remotely for the foreseeable future, buyers are discovering they don’t need to live close to the office anymore. You can also get more for your money if you move to the suburbs—as well as plenty of flex space for a home office.
Virtual school
Virtual school is in full swing here in the Triangle, and with it comes plenty of obstacles. Unless your child has their own learning space, they may end up sharing your office or taking over the kitchen table with their homework. If your current home doesn’t have enough room for everyone to work and study comfortably, a new home may just be the solution you’re looking for.
A home gym
Staying active and healthy is a top priority for many Americans. And even though gyms can now reopen, you may still have some safety concerns. Having space at home to maintain a healthy lifestyle is at the top of many buyers’ must-have lists, especially if their current home doesn’t have one.
Home gyms aren’t just convenient—they can also help your home’s resale value, too. In addition to the physical benefits, workout spaces may even improve your mental health and wellbeing!
Outdoor space
For those who spent quarantine cooped up in an apartment or townhouse, having a bit more outdoor space could be a major factor in their move. Today, backyards are more than an outdoor oasis—they’re almost like a functional room where you can cook, entertain, or just relax.
Buyers aren’t just looking for yards, either. Homes that have porches, decks, balconies, or patios tend to sell faster than those that don’t.
Let’s Get You Moving!
If you’re clamoring for a little extra space, Linda Craft & Team is here to help you find your next dream home! As one of the Triangle’s top real estate firms, we’ll happily put our 350+ years of combined experience to work for you.
Ready to get started? Call us at 919-235-0007 for more info or check out our exclusive buyer resources. We can even help you sell your current home, too.