5 Surprising Home Buying Trends in 2023
As we move into 2023, the home buying market continues to evolve and adapt to changing trends and preferences. While some of the trends we expect to see may seem predictable, there are a few surprising home buying trends that are emerging for 2023. In this blog post, we'll explore five of these unexpected trends.
1. A Surge in Multi-Generational Home Purchases
While multi-generational homes have been on the rise in recent years, we expect to see a significant surge in this trend in 2023. With the cost of living and healthcare expenses continuing to rise, many families are choosing to live together and share expenses.
These multi-generational homes provide a unique opportunity for families to create a close-knit environment while still maintaining their privacy and independence. Buyers can expect to see more homes with features such as separate living spaces, in-law suites, and additional bedrooms and bathrooms to accommodate extended family members.
2. A Focus on Aging-in-Place Design
As the baby boomer generation continues to age, there is a growing demand for homes designed to accommodate aging-in-place. In 2023, we expect to see a greater focus on features such as wider doorways and hallways, step-free entries, and non-slip flooring.
Buyers can also expect to see more homes with features such as grab bars, walk-in showers, and other accessibility features. These homes will be designed to accommodate the needs of seniors while still providing style and comfort.
3. An Emphasis on Outdoor Space.
In 2023, buyers will be looking for homes that offer more than just indoor living spaces. With the pandemic highlighting the importance of spending time outdoors, we expect to see a greater emphasis on outdoor living spaces, such as patios, decks, and gardens.
Buyers will be looking for homes with features such as outdoor kitchens, fire pits, and comfortable seating areas to create a seamless transition between indoor and outdoor living spaces.
4. A Shift Toward Smaller Homes
While larger homes have traditionally been viewed as a status symbol, we expect to see a shift toward smaller, more efficient homes in 2023. With concerns about environmental impact and rising energy costs, many buyers are looking for homes that are smaller and more sustainable.
These smaller homes will be designed to maximize space and energy efficiency while still providing all the necessary amenities. Buyers can expect to see more homes with features such as open floor plans, multifunctional spaces, and built-in storage solutions.
5. A Move Toward Flexibility in Home Design
Finally, we expect to see a move toward more flexible home design in 2023. With more people working from home and homeschooling their children, buyers will be looking for homes that can adapt to changing needs.
This may include features such as multifunctional spaces that can be used as a home office, gym, or classroom, or homes with separate living spaces that can be easily converted into rental units or guest suites.
In conclusion, while some of the home buying trends we expect to see in 2023 may be predictable, there are also some surprising trends emerging. Multi-generational homes, aging-in-place design, and a focus on outdoor spaces are just a few of the trends that buyers can expect to see in the coming year. By staying up-to-date on these trends, buyers can make informed decisions and find the perfect home to meet their needs.
If you are looking to buy a home in the Nashville, or middle Tennessee area, consider having your potential investment inspected by one of the best inspectors in Tennessee. Hill's Top Home Inspections is a one stop shop for all your inspection needs. As well as full home inspections, we offer radon, mold, and air quality sampling to help give you peace of mind that you are making the right decision. Click the link below to get a free quote today!