Would You Buy Your Home Again?

Buying a home is often an emotional decision; perhaps even more so than a
practical, financial decision. Real estate marketing has recognized this for decades which is why agents have emphasized curb appeal and staging to their clients. Open houses have featured the smell of fresh-baked cookies and soothing music all in an effort to appeal to the buyer’s sense of home and comfort.

According to a study by the National Association of Realtors, the answer is yes. In fact, 89% of homeowners said that they would buy their current home again. There are many reasons why people feel this way, but here are some key takeaways from the study.

Homeowners love their homes for different reasons: 88% of homeowners said that they loved their home because it was a great place to raise a family, and 84% said that they liked having control over their environment.

People stay in their homes longer than ever before: The average time that a homeowner owns their home is now 10 years, which is up from 8 years in 2010.

Many homeowners ask this question, along with whether they should remodel or add onto their home or simply buy a new home. The fact is that our tastes, needs, and lifestyles change and evolve over time. The past few years have dramatically changed the way we look at our homes. More people than ever before now work from home. That cute cottage or condo might have been the perfect home base for evening and weekend activities, but fall short of the ideal full-time workspace.

On the other hand, some homeowners have realized that they have underutilized their property. During the pandemic, we saw home cooking, gardening, and crafts boom. Yards have been redesigned to include vegetable beds and fruit trees. Kitchen remodels have emphasized cooking space and gathering areas for families.

For anyone who has lived in their home for 7+ years, it’s natural to wonder if the
property still suits their needs. Families grow, lifestyles and jobs change, and as life moves on, homeowners should periodically ask themselves if they would buy their current home today or if it is time to sell and move on.

Are you wondering what is for sale?