A New Look for New Home Buyers
September 16, 2009
Ushering In A New Generation of Home Buyers
I was recently browsing the Internet and searching for various topics when I came across an image of an article – so I started scan it up and down and low and behold – it was about the new changes in the housing market! Thus my interest was intriuged and I began to read on. What I liked about this article was that it has a different take on some of the changes that will or have taken place. It wasn’t about the financial mess that we’re in and I thought it provided an interesting view point on the new face of real estate.
“Housing the NeXt Generation”
No author’s name was given, but the article featured Generation X or the “lost generation” and the affect they’re going to have as the now mid-20 to early-30s group starts the housing hunt! It compares this generation to that of the baby boomers (essentially, their parents) who once wanted large suburban homes, to Generation X’s more contemporary and urban lifestyle.
The unnamed author believes that the “Xers” will, over time, dramatically change the housing culture by requesting differing styles from builders than that of their parents. According to this post, it will be things like ‘Homes with cozy and intimate rooms’ siting that Xers generally want smaller families than that of baby boomers and will require less spacious and more practical rooms.
They will also request homes that are ‘pre-wired for computer and video transmissions.’ As the new tech-savvy generation grows up along side laptops, faxes and Internet, having appropriate access ports in each room will be very important. They also list features such as low-maintenance, high quality, and have a greater taste for fine details and classical architecture in addition to green designs.
In short, we will eventually see less new homes in the suburbs, of which the supply is plentiful, and more new high rise condos and renovated warehouses popping up in the metropolitan!
You can read the full article at Medina Count Home Builder’s Association.