Learn More About the most desired amenities in apartments and buildings for tenants in NYC
The Most Desired Amenities for Homebuyers in 2024
In today’s competitive real estate market, homebuyers are increasingly seeking amenities that enhance their lifestyle and provide long-term value. Whether you’re a first-time buyer, a seasoned investor, or someone looking to upgrade, understanding the most sought-after features can significantly influence your purchasing decision. In this listicle, we’ll explore the top amenities that modern homebuyers are prioritizing and how they can impact property values and resale potential.
High-Speed Internet and Smart Home Features
In our digital age, a strong, reliable internet connection is essential. Many homebuyers consider high-speed internet a non-negotiable amenity, especially with the rise of remote work and online education. Additionally, smart home features such as automated lighting, thermostats, and security systems are becoming increasingly popular. According to a study by Statista, the global smart home market is projected to reach over $158 billion by 2024, reflecting the growing demand for tech-savvy homes.
Energy Efficiency and Sustainable Living Spaces
Energy efficiency is not just a trend—it’s a necessity. Buyers are keen on properties with energy-saving features like solar panels, energy-efficient appliances, and enhanced insulation. According to the National Association of Realtors, homes with sustainable features can sell for up to 10% more than traditional homes. This demand stems from both environmental concerns and the potential for lower utility bills.
Ample Storage and Closet Space
No matter the size of the property, adequate storage is crucial. Modern homebuyers are looking for homes with spacious closets, built-in shelving, and organized storage solutions. In-unit washers and dryers, dishwashers, and refrigerated storage spaces add significant value, especially for urban dwellers who prioritize convenience.
Outdoor Living and Green Spaces
Private patios, terraces, and gardens are high on the wish list for many buyers. With the pandemic highlighting the importance of outdoor spaces, properties offering private green areas are more desirable than ever. According to a survey by the American Institute of Architects, outdoor living spaces have seen a 70% increase in demand since 2020.
Proximity to Quality Schools, Healthcare, and Employment Centers
Location remains a key factor in real estate. Homes located near reputable schools, healthcare facilities, and employment centers hold significant appeal. A study by the Brookings Institution found that proximity to quality schools can increase a home’s value by up to 20%. This amenity is especially crucial for families and young professionals.
Amenities Trending in 2023 and Beyond
Home Office Spaces and Flex Rooms
The shift towards remote work has made home offices a priority. Flex rooms, which can be adapted for various functions like a gym or art studio, are also gaining popularity. This trend is expected to continue as more companies adopt flexible work policies.
Community Amenities: Fitness Centers, Pools, and Playgrounds
Community-focused amenities such as fitness centers, pools, and playgrounds add immense value, particularly in apartment complexes and gated communities. They foster a sense of community and offer convenience for families and fitness enthusiasts alike.
Sustainable Building Materials and Advanced Security Features
Buyers are increasingly aware of the environmental and security aspects of their homes. Properties built with sustainable materials and equipped with advanced security systems are more attractive to the environmentally and safety-conscious buyer.
How Desired Amenities Affect Property Values and Resale Potential
Desired amenities can greatly influence property values and resale potential. Features like energy efficiency, high-speed internet, and outdoor spaces not only enhance the living experience but also attract future buyers. Investing in these amenities can lead to higher property valuations and a quicker resale process.
Tips for Finding the Right Amenities for Your Lifestyle
- Assess Your Needs: Consider what amenities are essential for your day-to-day life. Are you an avid cook? A modern kitchen might be your priority. Do you work from home? A dedicated office space could be crucial.
- Think Long-Term: Consider features that will hold value over time, like energy-efficient systems or proximity to schools and employment hubs.
- Stay Within Budget: While it’s tempting to seek out every desirable feature, prioritize based on your budget and what’s most important to you.
- Consult a Real Estate Agent: A knowledgeable agent can provide insights into market trends and help you find properties that align with your needs.
The Future of Desired Amenities in Real Estate
The landscape of desired amenities is constantly evolving. As technology advances and lifestyle preferences shift, the real estate market will continue to adapt. Staying informed about these trends can help you make smarter buying decisions and ensure your home remains a valuable asset.
Ready to explore properties with these must-have amenities? Connect with us today to start your home-buying journey and find the perfect match for your lifestyle.
References
Lee, K. (2022, September 9). These NYC home features command the highest price premium for sellers. StreetEasy. Retrieved November 22, 2024, from https://streeteasy.com/blog/nyc-features-that-sell/
