Buying or selling in 2024? These are the eight real estate trends you’ll want to pay attention to:
Paying attention to these trends will do more for selling your home than quick renovation projects that will add value to your home (even though these certainly help). Using these eight trends will help you to stand out in the market – here’s why.
1. Homes in this market need to stand out from the rest – things like drone footage of both the interiors and exteriors of your property will help to impress buyers. My latest listing with the help of NW Craft Media is a perfect example. Click HERE to view the virtual tour. Drone footage gives homebuyers a true understanding of lot size and more.
2. Sustainable homes with significant eco-home improvements will also enter the spotlight in 2024. Homes designed for energy efficiency not only attract environmentally aware buyers but also promise substantial financial savings over time. It also helps buyers with certain tax breaks and makes it more attractive for resale value.
3. Although not a new trend for 2024, broken-plan homes and cozier, closed-off rooms are a selling point for properties this year.
4. Staging a house to sell has historically been about stripping personality from the space to present the prospective buyers with a blank slate to imagine their lives and furniture. However, buyers (and brokers like me) are gravitating toward more unique, well-curated staging. HERE is an example of a recent interior staging on a new listing on mine by Sally Zawistowski.
5. Just as eco-home improvements are seeing an increase in interest – smart home features such as integrated security systems, speaker systems, home automation, etc. are features buyers in today’s market typically have as part of their criteria when shopping for homes.
6. Another quality of life upgrade that makes any property more appealing in 2024 is wellness in design. Think home gyms, saunas, and plunge pools. If you are looking to improve the quality of wellness spaces in your home, something as simple as a spa bathroom can make an impact on a buyer.
7. One trend still clinging on from the pandemic is the convenience of virtual viewings. This saves time and effort for both buyers and sellers and lets buyers get a feel for the space without physically being there.
8. If you are looking to sell a house fast, then social media may be your friend in 2024 – According to Coldwell Banker Global Luxury’s The Trend Report, 73% of affluent consumers say social media has influenced them to purchase a particular home, with Instagram, YouTube, and TikTok being the leading platforms they’re turning to. For my Instagram marketing platform, click HERE.