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October
9
9
Creative Home Solutions in the Wake of COVID
Changing Locations
The National Association of Home Builders Geography Index found a "suburban shift" in the second quarter of 2020, as families looked for less populated areas to weather the public-health crisis. Nationally, NAHB reports that "small metro suburbs" showed the highest growth in new construction, increasing 10.6% on a four-quarter moving average basis.Evolving Buyer Needs
For individuals looking to buy existing homes, room for offices, workout spaces, and study areas has become a necessity. Private, designated rooms are increasingly taking precedence over the open floor plans that have dominated the market in recent years. In contrast to pre-pandemic findings, Zillow's recent online poll found 29% of those surveyed would consider moving to a house with more rooms due to the impact of COVID-19.Renovating Current Homes
Families without the ability or desire to move are pursuing available options to expand the footprint and potential of their current homes. Renovations are in an upswing. According to Houzz, a platform for home remodeling and design, professional leads were up nearly 60% nationally in June compared to the same time last year. Kitchen remodels saw a 40% year-over-year increase, attributed to more people cooking and eating at home. Home additions and extensions were also up 52% from 2019, with homeowners desperate for more space. Repurposing current rooms is a less-drastic option that is allowing families to personalize their space to meet their needs. Adding equipment to their basements to create fitness centers or moving desks to their living rooms to create home office spaces are low-cost examples of maximizing the functionality of a current floorplan.Reinventing Outside Areas
Outdoor areas have also increased in importance. With sporting events and concerts canceled, having a functional outdoor escape is the desire of many homeowners. In addition to pools and porches, accessory dwelling units (ADUs) have grown in popularity. An ADU is recognized by the American Planning Association as a "smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) single-family home." Placed in the backyard, these structures provide distinct privacy and separation for work, exercise, or relaxation. Reach out to your Ruhl&Ruhl agent to discuss your changing needs, the options available to you, and how your agent can help you achieve your goals. Visit RuhlHomes.com/vendors to find a trusted contractor for your home projects.
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