By Marcie Geffner - NewHomeSource
Old-fashioned starter homes were designed decades ago to offer homebuyers just the basics: two or three small bedrooms, one or two bathrooms, a functional kitchen, minimal living space and a large backyard that needed a lot of maintenance.
Today’s buyers want more than a shoebox that will meet their needs for a few years before they have to trade up. They want a home that’s nicer, bigger and has enough features not just for today, but for many years down the road.
This new desire for a home that’s “forever” isn’t just anecdotal. The federal government recently reported that the proportion of people moving to a new residence over a one-year period fell to an all-time low of 11.2 percent in 2016. The percentage has trended steadily downward since 1985, when it was 20.2, almost double today’s rate.
Read more: https://www.newhomesource.com/guide/articles/builders-give-buyers-their-forever-home
Old-fashioned starter homes were designed decades ago to offer homebuyers just the basics: two or three small bedrooms, one or two bathrooms, a functional kitchen, minimal living space and a large backyard that needed a lot of maintenance.
Today’s buyers want more than a shoebox that will meet their needs for a few years before they have to trade up. They want a home that’s nicer, bigger and has enough features not just for today, but for many years down the road.
This new desire for a home that’s “forever” isn’t just anecdotal. The federal government recently reported that the proportion of people moving to a new residence over a one-year period fell to an all-time low of 11.2 percent in 2016. The percentage has trended steadily downward since 1985, when it was 20.2, almost double today’s rate.