Are you selling your home and wondering what home buyers want in our current market? Or are you a home buyer making your list of wants and needs for your home search? As with anything, real estate trends come and go. The list of buyer demands reflects what is happening in our world. Over the last decade, significant changes have impacted what potential buyers are looking for in a new home. Technological advancements, economic shifts, differing priorities, and lifestyle changes all impact a buyer’s list of needs and wants.

What Do Buyers Want in a Home?

While every buyer is unique, there are many features that most home buyers seek. Above all, evident pride of ownership is at the top of the list. Well-maintained, regularly maintained homes will always stand out among the rest.

1. An excellent location

A desirable neighbourhood is often high on the list of buyer’s wants. Safe neighbourhoods with a sense of community are in high demand. Home buyers seek locations with top schools, premium amenities, healthcare facilities, and recreational areas. With the change to remote work over the last few years, many people left the city for quieter rural and suburban locations. For many remote workers, proximity to work is no longer a top consideration.

2. Integrated technology

Smart home technology has impacted what home buyers seek in a new property. Smart thermostats allow homeowners to control the temperature in the house remotely to help optimize heating and cooling costs. Home security systems have come a long way in the last few years, and additions like ring doorbells, security cameras, and systems that can be controlled remotely are increasingly important to potential buyers. 

3. Energy-efficient homes

Today’s home buyers are conscious of energy consumption for financial and environmental reasons. Modern, energy-efficient appliances that consume less electricity are always a selling feature. Proper insulation and energy-efficient windows and doors are also high on a buyer’s list of needs and wants. For buyers who prioritize energy efficiency, the addition of solar panels and smart home thermostats is becoming increasingly important.

4. Open Floor Plans

Open floor plans have been a priority for buyers for years. Large, open spaces with bright natural light appear larger and more welcoming. Instead of formal dining rooms, buyers are looking for one ample space that combines the kitchen, dining, and living areas for entertaining guests.  

5. Outdoor living

The importance of curb appeal and elevated outdoor living spaces has grown drastically since the pandemic. Home buyers seek outdoor spaces to entertain guests, play with their kids, and have a relaxing staycation. Well-maintained lawns, gardens, decks, and beautiful seating areas are big selling features. Additions such as a fire pit or a custom outdoor kitchen make the space more enjoyable year-round. Exterior lighting, both for entertaining at night and for security, is also a bonus for many.

6. Updated kitchens

Many home buyers in our current market prioritize modern, beautiful kitchens. Up-to-date kitchens with stainless steel appliances, durable countertops like granite or quartz, and plenty of cabinet space will capture the heart of today’s home buyers. Who doesn’t love a clean, bright, spacious kitchen?

7. Modern bathrooms

Buyers often want updated bathrooms with features such as walk-in showers and luxurious bathtubs. Spacious master bathrooms with modern fixtures, high-quality materials like marble or granite, and stylish tilework are sure to entice potential buyers.

8. Upper Level Laundry rooms

While the washer and dryer were once hidden away in the basement, the modern buyer is seeking sleek, clean laundry rooms on the main or second floor. Buyers want a separate space that is easily accessible without having to carry armloads of laundry up and down the stairs. A stylish laundry room should include ample storage, such as shelving, cabinets, and even a rack for drying delicates.

9. Flexible workspaces

The work-from-home lifestyle has moved office space up higher on a buyer’s wish list. Dedicated office spaces are ideal, but in homes where that isn’t possible, flexible spaces that can be used as workspaces will fill in. A room that can be adapted for various uses, such as an office, playroom, or guest room, is a definite bonus.

10. Ample storage

Ample storage is a significant priority, including closets, garages, and finished storage spaces in attics or basements. Many value walk-in closets, especially in the master bedroom, as well as additional storage space upstairs, like a large linen closet. Shelving in the garage, outdoor sheds, or cold storage in the basement are all bonus features for homebuyers.

11. Well-maintained homes

Buyers are looking for well-maintained, well-cared-for homes that have been kept up to date. More than any one specific feature, the biggest concern for most buyers is choosing a quality home. This includes significant updates like shingles, windows, and heating systems and maintaining minor repairs and regular maintenance. Today’s buyer is educated, and most will have a home inspection done to ensure their purchase is in top shape.

12. Hardwood floors

While wall-to-wall carpeting was once the norm, today’s buyers are looking for hardwood flooring, especially in main living areas such as the dining room and living room. While some buyers are set on the real thing, others prefer laminate or vinyl flooring that requires less maintenance.

Today’s homebuyers are educated and know what they want. While it differs from buyer to buyer, the basics like pride of ownership, updated décor, and ample space are always in high demand. When selling your home, prioritize what home buyers want in today’s market for a quick and profitable sale.