Why have design trends for new communities changed so in the past few years?

Changes in what a new home buyer wants in a new community has stemmed from the COVID pandemic’s demands on what a home base should look like after stay-at-home orders. Developers are finidng ways to incorporate things like the latest techonolgy or shifting the look and feel of a community to attract new generations of home buyers.

The biggest way to know what future residents want in tomorrow’s communities is to survey current buyers. “Survey and consumer feedback has always been an essential part of developing and evolving Cresswind lifestyle programming,” shared Jennifer Landers, community director for Kolter Homes, which designed the Cresswind Georgia at Twin Lakes development. The housing market has definetly shifted due to the COVID pandemic.

Developers are creating new ways to fit consumer interest into new communities. The current market shows that they want flexibility, connection with nature, and sustainability. Some examples that developers are adding to communities include multifunctional spaces, community gathering spaces, community gardens, pet-washing stations, outdoor fitness centers, water activities and equestrian trails.

“Developers and home builders are working to make better connections with nature both in terms of amenities and within the homes themselves,” observed Carol Morgan, president of Denim Marketing. “For developments, the standards include wide sidewalks, walking trails, dog parks, fire pits and connectivity with any trails in the area.

“For home design, builders are including lots of connectivity to the outdoors with patios, porches, decks, etc.,” she added. “Many of these are covered to provide year-round protection from the sun and rain.”

Developers also want to keep it affordable to homebuyers and want to stretch their development dollar. Homes are more affordable if a developer can find ways to minimize the cost of the project. A great example of this is desiging road’s networks along the site’s natural contours. At the Tyler, Home on the Lake, development in North Carolina, they converted the developments 60-acre lake from a decorative feature to a usuable amenity.

“We installed paved sidewalks around the lake’s perimeter, worked with local experts to improve water quality and clarity, stocked the lake with fish, and constructed a fishing dock and kayak launch to allow residents to take full advantage of this incredibly unique community feature,” Fidler noted. “The dock is now so popular amongst the residents that we actually had a small community wedding take place there last summer.”

“Amenities are a great focus for marketing campaigns as they portray the lifestyle of the community,” Morgan stated. “We focus on amenities and lifestyle by creating a series of graphics and storyboards for social media and blogs. It is important to tell the story and help potential buyers see how the community will live.”

“Supply is rebounding, and potential home buyers will soon be back to having multiple options to choose from,” she stated. “This is when factors like community layout and design, amenities and location will come back into play and influence home buying decisions.”

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Five Things Not To Do When Venting Your Attic

 

A good environment for your attic is very important. Your attic ventilation system should work together and not against each other so it is important to make sure the system is balanced. Below are five mistakes not to do when it comes to your attic ventilation.

1. Placing Intake Vents Too High or Exhaust Vents Too Low

You want a balanced system that brings in fresh, cool air at the lowest part of the attic space and sends out the warm, moist air at the highest point of the attic space.

If the vents are placed in the wrong spots, the airflow will not work correctly. This will hinder the attic vent system's effectiveness. If they are too low on the roof, they can disrupt or short circuit the system. Remember the rule of thumb is to place the intake vent should sit at the lowest possible point on the roof which lines up with the lowest part of the attic space. Exhaust vents should be placed at the highest possible point. This point aligns with the highest part of the attic space.

2. Mixing Exhaust Products within the Same Attic Space

Doing this can short circuit the airflow. Also mixing exhaust products can allow for weather and leaves and debris to come into the home through the attic.

Always use the same type of exhaust vent in your attic space. Also, make sure that the vents meet the NFVA (net free ventilating area) requirements. This will allow continuous airflow through the attic space.

3. Cutting the Ridge Vent Opening Too Long

Sometimes homeowners want to put a ridge vent along the entire ridge for looks but this is doesn't mean you have to cut open the entire air slot on the ridge below the vent. Doing this can disrupt the airflow of the whole system.

An example of the correct installation can help with understanding the process. If a homeowner has an attic space that must have 288 square inches of exhaust and a 4ft plastic ridge vent is used with an 18 square inch per lineal foot of NFVA, then only 16 ft of the 40-foot ridge needs to be cut open.

4. Clogged or Blocked Intake Vents

Weather and debris such as paint, dirt, dust or even spiderwebs can clog your intake vents even if they are installed correctly. Check your intake vents and clean them by removing the debris. Remember to never install attic insulation from the inside over the vent, and make sure to check to see if the hole in the vent has been properly cut.

5. Having Missing or Inadequate Intake

This is the most important component of the attic ventilation system. If there is no air coming in through the intake or not enough, an exhaust vent will not function correctly. The powered exhaust vents will also overrun and burn the power vent's motor. Remember always check that you have a balanced attic ventilation system with the proper amount of intake and exhaust ventilation for the attic space being ventilated.

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Perks in the Housing Market For Present-Day Buyers and Sellers

The current housing market offers perfect opportunities for both buying and selling a home. In today's

market, there are a couple of perks for both home buyers and sellers that are hardly ever available.

This is a perfect time to purchase a home because of the historic low mortgage rates. The average mortgage interest rate has hit an all-time low. In fact, it is the lowest in the history of the Freddie Mac survey which dates back to 1971. Today's buyers can actually obtain a mortgage rate lower than the past two generations of homebuyers.

“Purchasing power rose 10% year-over-year…With interest rates hitting record lows, buyers were able to afford $32,000 “more house” as of July 23 than they could the year before with the same monthly payment,” according to the National Mortgage News.

Buyers will not only save money on a home, but they will have the opportunity to get more home for the money. This is especially appealing with today's pandemic pushing work from home. Homeowners are re-evaluating the amount of space they need in a home.

As for current sellers in the market, the low inventory has definitely been an advantage. According to the National Association of Realtors (NAR) the inventory of homes coming into the market continues to decline.  Even before the pandemic hit, the inventory was low. In today's market, houses are selling faster than they are being listed.

Bidding wars are the norm now. The fuel of low mortgage rates and low inventory is pushing buyers into bidding wars.

“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply,” says Lawrence Yun, Chief Economist for NAR.

If you are in the market for a home or want to sell your current home, now is the time. Contact a Realtor in your area who can help you through the process.

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More 2021 Buyers Want a Newly-Built Home

 The National Association of Home Builders' Housing Trends Report for the final quarter of 2020 shows a dramatic increase in buyers' interest in new construction homes. The report revealed that 41% of prospective buyers were looking for a newly-built home which is more than twice the percentage reported in 2019.

The NAHB Economics team researches and produces the Housing Trends Report each quarter. The teamsurveys and measures prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. The HTR is produced quarterly to track changes in buyers’ perceptions over time. All data are derived from national polls of representative samples of American adults conducted for NAHB by Morning Consult.

According to the report, Q419 looks very different from Q420 when it comes to the type of home buyers are looking for. In 2019 40% of homebuyers wanted an existing home, this decreased to 30% in 2020. Those buyers who would purchase a new or existing home fell from 41% in 2019 to 29% in 2020. For new homes in 2019, only 19% of buyers said they would just purchase a new construction home while in 2020 buyers who saught only new construction rose to 41%.

As far as the data broken down by generations, 50% of millennials are looking for a new construction build while 50% of baby boomers prefer to purchase an existing home. Out of the Gen X buyers, 48% prefer a new construction home while 38% of Gen Z buyers want to purchase an existing home.

The report also shows a difference in preferences in each region of the country. Most potential buyers in the Northeast (53%) and the West (51%) are looking for a new build. In the South only 33% preferred a new construction home and in the Midwest only 24%.

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