Judith Sutton ABR CRS IDS PMN ASP IAHSP SRES GREEN
Judy@JudithSutton.com 908 803-0472
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Features that middle-class buyers are demanding
What middle-class buyers are demanding
2024 Middle-Class Buyers
Invited Guest Contributor: BankRate
With property prices rising and mortgages at two-decade highs, much of the middle class is watching the dream of homeownership slip out of reach.
This article discusses what the average person, looking towards home ownership must consider in our current market: Just what can I afford?
But many are adapting by shelving the idea of finding their dream home and instead focusing on must-have features in homes they can afford. Middle-class buyers are facing tough choices in 2024/25 and are faced with what to consider:
Efficient Use of Limited Square Footage
Buyers of modest means can’t afford nearly as much house as they could just a few years ago — and they’re compensating by targeting homes that put smaller spaces to good use. Houses that maximize the use of every inch of the property through smart storage, open layouts, and convertible zones are key. Space efficiency might may a smaller home just as livable as a larger one…with less to care for, too.
Convertible Spaces
Like a closet that opens for storage, any space that can perform double duty is at the top of the list among this year’s square-footage-starved buyers.
“In 2024, middle-class buyers will lean on houses with convertible spaces such as a basement that doubles as a home office or guest bedroom, an attic that serves as a kid’s bedroom or craft room, and a garage converted to an in-laws suite,” is in demand.
Open Layouts
Open layouts have gone in and out of style over the years, but considering the realities of 2024, they are most definitely trending once again among buyers who can’t afford as many rooms as they need or would like.
Open-layout houses are perfect for making a modest house look more prominent and arranging furniture items as the homeowner sees fit for a family gathering or seasonal activities. Rather than an open interior that can feel like a warehouse, a space that utilizes our relationship with natural elements works perfectly.
Creative Storage
Which we can all relate to! Limited square footage leaves less room for stuff, which means middle-class buyers have their eyes on homes that optimize places to accommodate everything a family brings into a home.
Smart storage solutions such as built-ins, vertical shelves and elevated floor storage ensure a small space can go a long way, saving money in real estate prices for middle-class buyers.
Updated Windows
Old, inefficient windows place a double burden on your wallet by dragging down your home’s value and increasing your energy bills at the same time. On top of that, they’re expensive to replace — which is why middle-class buyers in 2024 are insisting on windows to the outside world that are modern and efficient.
The significance of upgraded windows plays a crucial role in energy efficiency, providing long-term savings on utility bills.
Modern Flooring
Average earners are also placing a premium on what’s beneath their feet this year.
Homebuyers recognize the importance of updated flooring not only in elevating the visual appeal of a home but also durability and ease of maintenance.
Flooring trends poised to dominate 2024 include:
Tiles with warm tones
Retro carpet
Sustainable floors
Farmhouse flooring
Hardwood in the kitchen
Neutral tiles in the bathroom
Home Offices
While much has changed in the real estate market, the trend toward remote work — and the demands it places on home spaces — continues to steer purchasing decisions among buyers with average incomes and tight budgets.
Having a dedicated workspace that can be used for more than simply working a 9-to-5 job (such as passion projects or passive income) is becoming essential as more and more people start side craft businesses in addition to working remotely. Therefore, homes with clear, well-lit spaces and soundproofing areas are preferred by buyers.
Efficient Appliances and Meaningful Smart Home Technology
The trend toward smart, expensive technology proves too costly, too complicated and, in many cases, little more than a novelty.
But in 2024, middle-income buyers are demanding the technology that truly adds value without the clutter of excessive connectivity.
Middle-class buyers in 2024 are expected to prioritize features that blend comfort, convenience, and cost-effectiveness. Energy-efficient appliances and smart home technologies are high on the list, as these features not only improve day-to-day living but also offer long-term savings on utility bills.
Consult a professional, who understands your needs and is ready to help you towards success in your search. Call me- I can help you visualize and negotiate your perfect space!
By incorporating my personal attention and guidance into the marketing strategy I aim to provide you with
an Exceptional Selling Experience
while ensuring that your property receives the exposure needed
to attract buyers from anywhere
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Get a positive, helpful partner for buying or selling your home:
Trusted resource for answers about the process
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Why would you settle for anything less?
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Judy@JudithSutton.com
COLDWELL BANKER...GUIDING PEOPLE HOME SINCE 1906
908 803-0472
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