1. No Homeowners Association (HOA) Fees
Homeowners’ associations (HOAs) can provide benefits such as maintenance of common areas and amenities, but they also come with additional fees and regulations that not all buyers appreciate. Many home buyers are specifically searching for properties without HOA fees to avoid the extra costs and restrictions. These buyers value the freedom to make changes to their homes without needing approval and want to eliminate an ongoing monthly expense.
2. Spacious Yards
The desire for more outdoor space has grown significantly, especially following the pandemic when people spent more time at home. Buyers are looking for properties with spacious yards that offer room for gardening, entertaining, or even installing a pool. A large yard provides a sense of privacy and can serve as a personal oasis for homeowners.
3. Garages
Garages are highly sought after, not just for vehicle storage but also for the additional storage space they provide. Many buyers look for homes with garages to protect their vehicles from the elements and to use as a workshop or extra storage area. A garage can also potentially be converted into additional living space or a home office, adding versatility to the property.
4. Single-Story Homes or Primary Bedrooms on the First Floor
Single-story homes are increasingly popular, especially among retirees and those planning for aging in place. These homes eliminate the need for stairs, making them more accessible. Additionally, homes with the primary bedroom on the first floor attract buyers of all ages, as they offer convenience and future-proofing. This layout is ideal for families as it provides ease of access without the constant up-and-down of stairs.
5. Accessory Dwelling Units (ADUs) or Finished Room Over Garage (FROG)
The trend of multi-generational living and the desire for additional income streams has made ADUs and FROGs highly desirable. An ADU can serve as a rental property, providing homeowners with extra income. Alternatively, it can house aging parents or adult children, offering flexibility for families. FROGs serve a similar purpose and can be rented out or used as guest accommodations, a home office, or a studio.
Why These Features Matter
Understanding why these features are trending can help both buyers and sellers make informed decisions. For buyers, prioritizing these features can lead to greater satisfaction with their purchase and potentially higher resale value. For sellers, highlighting these aspects can make a property more attractive and help it sell faster in a competitive market.
As you navigate the real estate market, keep these trending features in mind. Whether you’re buying or selling, focusing on properties with no HOA fees, spacious yards, garages, single-story layouts, and ADUs or FROGs can provide significant advantages. These features cater to the current preferences of many home buyers, making them valuable assets in any real estate transaction. Stay informed, and you’ll be better positioned to achieve your real estate goals.