What homebuyers really want in 2024

The property market is continuously evolving, and trends have always come and gone, but during the past few years, home buyer preferences have shifted significantly in all aspects and, from the design of homes to their location and the amenities offered, today’s buyers have specific wants and needs. 

Understanding these preferences is crucial for sellers because although one cannot redesign one’s home before listing and the budget might not stretch to remodelling rooms, there are many things one can do to highlight the more popular features and downplay those that might deter buyers. 

1. Energy Efficiency and Sustainability: Modern home buyers are increasingly eco-conscious and prioritise energy efficiency and sustainability. Features like solar panels, smart thermostats and solar geysers are highly sought after, as buyers look to reduce their carbon footprint and save on electricity bills.
   
   
2. Flexible Spaces: The pandemic has permanently changed how people view their living spaces and buyers now seek homes with flexible areas that can serve multiple purposes, such as home offices, gyms, and entertainment rooms. 
   
   
3. Open Floor Plans with Defined Spaces: While open floor plans remain popular, there is a growing preference for designs and layouts that provide some separation within open spaces. This allows for privacy and noise reduction while maintaining a spacious and connected feel. Buyers appreciate layouts that offer a clear distinction between living, dining, and kitchen areas without the traditional enclosed walls. This sense of separation can be created by artfully moving your furniture around to create distinct areas. 
   
   
4. Outdoor Living Spaces: Outdoor areas have become a significant selling point, with up to 75% of buyers valuing functional and attractive outdoor living spaces. Features like patios, decks, outdoor kitchens, and well-maintained gardens are highly desirable. The demand for private and usable outdoor space has increased, especially in urban areas where access to green spaces may be limited.
   
   
5. Modern Kitchens and Bathrooms: The kitchen remains the heart of the home, and modern, updated kitchens are a top priority for buyers. High-quality appliances, ample counter space, and contemporary designs are sought after. Similarly, updated bathrooms with features such as walk-in showers, double vanities, and quality fixtures are in high demand. 
   
   
6. Location and Community Amenities: Proximity to good schools, public transportation, and community amenities like parks and shopping centres remain important factors but what has also become very important, is walkable neighbourhoods and communities with a strong sense of community.
   
   
7. Smart Home Technology Smart home features are no longer a luxury but a necessity, especially for millennial buyers. Popular features include smart security systems, automated lighting, voice-activated assistants, and integrated home automation systems that offer convenience, security, and energy management.

There are also a number of features and aspects that will deter many buyers and, although there are some you cannot do anything about, others should always be downplayed or upgraded where possible:

1. Outdated Interiors and Appliances: Homes with outdated interiors, old appliances, and antiquated fixtures are less appealing to modern buyers. Many prefer homes that are move-in ready and do not require significant renovation or updates. The cost and inconvenience of remodelling can be a major deterrent.
   
   
2. Excessive Maintenance Requirements: Properties that demand high maintenance, such as those with extensive landscaping, large lawns, or old systems that frequently require repairs, are often avoided. Many buyers today favour low-maintenance homes that allow them to enjoy their living spaces without the constant upkeep.
   
   
3. Carpeted Floors: While carpeted floors were once popular, most buyers now prefer hardwood, laminate, or tile flooring. These materials are not only easier to clean and maintain but also offer a more modern and stylish appearance. Carpets are often associated with allergens and wear out more quickly, making them less desirable.
   
   
4. Small, Enclosed Rooms: Homes with small, enclosed rooms and a lack of natural light are less attractive to buyers who prefer open, airy spaces. The trend is moving towards larger windows, higher ceilings, and an overall brighter atmosphere. Homes that feel cramped and dark are less likely to appeal to contemporary buyers.
   
   
5. Lack of Storage: Adequate storage space is still a critical factor for home buyers. Homes that lack built-in storage solutions, such as closets, pantries, and cabinetry, can be a deal-breaker. Buyers look for properties that offer plenty of storage options to keep their living spaces organised and clutter-free.

By being attuned to these trends, sellers can make strategic improvements or adjustments to their properties, ensuring they meet buyer expectations and stand out in a competitive market. Catering to these preferences can significantly increase the appeal and value of a home.

It’s always a good idea to chat to an experienced agent who will be able to advise you regarding trends specific to your area and can help you to showcase your property’s best features.