The Biggest Trends in Property Today
Nowadays, there are many trends in property development and they are changing quite rapidly. Therefore, we’ve decided to single out the biggest ones so that you can get a clear picture of what is extremely popular these days. Some of these trends have been present for a long time now, while others will definitely surprise you. Let’s take a look and get inspired.
Customization
One of the biggest trends in property today is definitely a customised living space. In other words, property developers are paying much more attention to the specific needs of their clients and are making sure to do their best in order to fulfil all their wishes. For example, built-in storage is a typical example of customisation and it absolutely contributes to the functionality of the entire home. Additionally, having a customised living space has become a symbol of luxury and sophistication so more and more homeowners are ready to invest in it. After all, standing out from the crowd and opting for a fully personalized place is always a big plus.
Condos are still in high demand
Even though people have started looking for properties even beyond the suburbs in order to buy better-priced houses, condos are still highly sought-after. People love them for two major reasons – their accessibility and the fact that the majority of people like living in urban areas because there is no need for hours-long daily commuting. However, one should know that due to their constant popularity, the prices of condos are expected to continue to rise during this year as well, especially in bigger cities and world metropolises.
Low-maintenance homes
Another recent real estate trend is a low-maintenance home. Therefore, it’s not surprising that top Australian property developers are paying attention to their clients’ wishes to downsize and get a property which won’t require too much work. Such homes are extremely practical and are particularly convenient for the Millennial generation which likes to travel and doesn’t stay long in one place. After all, considering our daily obligations and hectic lifestyles, it’s only natural that we are drawn to more practical living spaces that don’t require constant care.
Short-term rentals
Short-term rentals have definitely gained in popularity quite a lot recently and are a testament to some big changes in the field of real estate. For example, Millennials have embraced this as an opportunity to earn some extra cash, and more and more of them are renting a part of their home to tourists for a few days, or even their whole apartment. So, if you are thinking about getting into the real estate business, this would be a great investment, especially if you live in an urban area that is often visited by tourists from all around the world.
Adequate storage
Nowadays, the majority of people simply can’t imagine living in a space which doesn’t have adequate storage. This is crucial since once we declutter our place, we want to be sure that the items which we really need can be safely stored and that we can easily fetch them when necessary. Furthermore, today it’s almost unimaginable to live in a house that doesn’t have appropriate storage space included in the garage area. After all, there is nothing more convenient than having that extra space to place all those winter clothes and linens which you won’t need for a few months at least.
New technologies are being constantly developed
Considering the fact that we live in a contemporary world which is governed by technology, it’s not surprising that these high-tech discoveries will have a significant influence on the real estate industry as well. For example, IT experts are working on the development of VR technology, which will be able to provide potential buyers with a virtual tour of every house they are interested in. Not only will this save a huge amount of time for both the sellers and buyers, but it is likely to increase the percentage of sales owing to the constant accessibility of properties through this technology. Just imagine how amazing this would be! You would even be able to bring in some virtual furniture pieces in order to imagine how your place would look once it’s fully equipped.
As you can see, there are some crucial changes in property market today, but one thing is certain - quality is still what attracts home buyers the most. Additionally, due to the Internet and other sources of information, buyers are well-informed and they know exactly what they need. Above everything else, they value practical living spaces which are low-maintenance and allow them to feel comfortable and fully relaxed.
