While it is inevitable that the design of houses will change significantly in the coming decade, it is more likely that these changes will depend on elementary economic and demographic trends rather than technological innovations in the Jetsons style. The aging population, the increasing number of millennials who own real estate and the slow economic recovery that is making it difficult for young buyers to stay one step ahead of the market are the factors that will shape the future of home design. On the other hand, classic looks and high-quality materials are still popular, as real estate development companies are increasingly dealing with so-called well-informed customers.
Since the lifestyle today is much less formal than it was decades ago, the trend is also visible in private households. The time for formal family meals is over. Many homeowners choose to replace a dining room with an additional cave, large room, or open floor plan. This informal lifestyle has given way to outdoor living spaces. Starting shy with decks, patios, and outdoor grills, the trend has expanded to lavish outdoor kitchens and living / dining rooms that serve to expand the interior and offer no comfort or convenience.
Change work patterns to accommodate new changes
The recession has forced many companies to reduce their workforce and has prompted many professionals to look for jobs that they can do from home. Although houses became smaller during the downturn, supported by technological advances that made teleworking a more practical option for many entrepreneurial homeowners, the number of home offices or home office-friendly spaces has increased.
Smaller can be better, especially for those who have a busy schedule
Residential properties don’t have to be huge to be comfortable and functional. Therefore, all busy professionals who don’t have the time to maintain larger houses can check out Service studios for rent as they are a great option for all people who are too busy to care for larger living space. Having a larger home has its purpose, especially when a family is involved. However, if a person is busy and spends a lot of time at work, choosing a smaller house can definitely be a better solution.
Low maintenance and mobile
Regardless of generation and age, it is evident that families have shrunk, which gives homeowners more mobility and travel options, whether for work or leisure. The high demand for smaller, high-quality and maintenance-intensive houses that can be locked and left while traveling is reflected on the property. However, reducing the size does not mean reducing the quality at all. Aside from classic, timeless designs, customers expect designer appliances, natural stone countertops, and high-quality finishes, which is pushing up-and-coming residential property developers to go beyond what is considered acceptable.
Universal design and accessibility features are expected to take a long break
Features that enable a more accessible environment have been a guiding principle in residential construction for more than two decades. However, nowadays homeowners are starting to think more seriously about their housing needs in the coming years. Over the next 10 years, the majority of Baby Boomers will be 65 years old, and households participating in DIY projects will inevitably need to consider including accessibility features in the upgrades they make.
A lot of storage space can be life-changing
Even if both young and older buyers often try to simplify their lives, they still want to keep some items out of the family home. Young couples try to disappoint to start with a clean table, and older shoppers get rid of things they have no use for, but that doesn’t mean they have to be reduced to a single closet. Storage is vital in new homes. Both in residential and non-residential areas such as garages and attics.
The demand for customization and flexibility is increasing
After all, real estate developers have realized that working closely with their customers by far delivers the best end results. This includes adding custom elements such as built-in storage or kitchen surfaces whenever possible. Therefore, many people choose it modern kitchen designsinstead of something more rustic, as they value lean solutions that save them time and contribute to productivity. This type of flexibility also results not only from the many hours managers spend with certain buyers, but also from applying all of the knowledge and experience from previous builds and applying to the next project.
Medium-priced single-family homes that a wide range of buyers can afford could be just what it takes to give a boost to a slowly recovering real estate market. Practical and affordable midsize houses are potential unicorns for developers who are ready to listen to buyers’ needs and who have the means and experience to strike the right balance between price, location and amenities.