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Real Estate Changing Preferences, What’s Newly Important to Renters and Buyers?

Real Estate Keywords

Point2Point tackles changing preferences in its report What 2021’s Most Popular Home Description Words Reveal About Post-Pandemic Buyers

Changing Tastes and Hot Items

  • “Granite countertops,” “hardwood floors” and “stainless steel appliances” continue to rank high, but no longer occupy the main spots on homebuyers’ priority lists. While the practicality and beauty of these amenities have ensured their long-lasting desirability, they exited the top three this year.
  • The most popular adjectives refer to spaciousness — a home feature that became an absolute must in the past months. In particular, “large,” “great,” “full” and “spacious” were all among the most used words to lure space-hungry buyers.
  • Whether they were looking for a house or a condo for sale, “garage” and “parking” represented new buyers’ soft spots. The popularity of these home description keywords points to the fact that, during a year when planes were grounded and social distancing wreaked havoc, it was the car that helped people escape the confines of their homes and find comfort elsewhere.
  • The other most used phrase in home descriptions was “full bathroom.” With the increasing emphasis on health measures like hand washing, the importance of bathrooms, half baths, mudrooms and other types of transition spaces increased exponentially.
  • Renters are leaning toward practical home features — perhaps even more than homebuyers. For instance, “garage” and “parking” were some of the most used terms, together with “washer/dryer,” “fitness center” and “pet-friendly.” “Convenient location” was also of utmost importance. 

Top 25 Housing Buzzwords in 2021

In 2019, “granite countertops,” “hardwood floors” and “stainless steel appliances” dominated the collective imagination of home seekers. Two a years and a pandemic later, home description words paint a different picture: The three most widely encountered home features at the moment are “garage,” “walk-in closet” and “full bath.”

Four keywords stood out: “garage,” “parking,” “walk-in closet” and “full bath.” They represent the perfect distillation of the pandemic reality — one in which everyone was forced to bounce between only two spaces: their home and some people-free patch of nature.

At home, the bathroom transcended its primary function, becoming the only truly private room in a perpetually full home. And, in order to venture outside, the car became indispensable. So, naturally, a garage or a parking space became equally vital.

By Price Range

Point2Point has a nice interactive chart that shows buzzwords by price range. 

  • The top item under $100K, $100K-250K, $250K-$500K and $500K-$1M was “full bath”. 
  • “Hardwood Floors” was number 2 in all but the $250K-$500K where walk-in closet came in second.
  • “Open Floor Plan” was number 3 in all but Under $100K where Parking came into play.  

There are more interactive graphs and charts in the article.

Mish

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5 Comments
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Doug78
Doug78
5 years ago
What! No buzzword for servant quarters?
KidHorn
KidHorn
5 years ago
Every rehab show on HGTV etc… starts out by taking down walls and opening things up. Usually the family dreams of seeing their current or future kids playing in the open family room while they’re in the kitchen smiling while cooking. Sounds wonderful. If you never want to see your kids after they turn 10, this is a great idea. Because teenagers love being watched by their parents.
Oh and those shiny white cabinets will soon require painting every few years unless you like the look of dried chocolate fingerprints around the door edges.
Eddie_T
Eddie_T
5 years ago
Mortgage rates are down a bit. I’m finally looking today to get started on refi’s on four of my houses. I have three still at 4.5% and one (from 2018) at 5.5%…..I hope to be able to get 3.75 without paying any points…that would be a real win…and that would improve my cash flow at a time when it needs to improve. Rates are at 2.75….but they always demand an additional 1% for investment property risk…at least they always have for me.
All those descriptors describe my personal home…big, open spacious. Four baths. Add “lots of glass” and “Barton Creek canyon view” and that’s it in a nutshell. I sure need to sell that energy hog. Probably won’t…at least not for a bit longer.
Blurtman
Blurtman
5 years ago
An ED-209 has to be at the top of the list.
numike
numike
5 years ago
The New American House – Post-Pandemic Architecture and Design 2021https://www.veranda.com/decorating-ideas/a36704574/new-american-house/

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