November 18th, 2017
When it comes to choosing between a home with more square footage or one with larger outdoor space, prospective buyers are opting for the outdoors
A recent study conducted by Taylor Morrison 2017 Consumer Survey (they are one of the country’s largest home builders and the home building company that has built Sol y Mar, a luxury 55+ community here in Rancho Palos Verdes) shows that 56% of homebuyers said they would be willing to give up a larger home in order to obtain a larger yard. When men and women were separated out of the survey, the numbers changed a bit. 62% of women and 52% of men were opting for the outdoors
What were some of the features most sought out as components of outdoor living?
Opting for the Outdoors – Feature Sets
- Outdoor living rooms
- Floor to ceiling retractable glass walls that open to the back yard
- Matching tile flooring that extends from a home’s interior to the exterior
What is it that buyers are identifying with in opting for the outdoors? What does it mean to them? What are the benefits they are expressing?
- extra “breathing room” from neighbors
- makes the home more aesthetically pleasing
- greater enjoyment with friends and family
- taking advantage of the “stay-cation”
- family centered activities
- health effects improving mood and calm
- investment reasons as sales studies show a well designed back yard results in much higher resale
This type of study proves to me that if your thinking of remodeling your home, don’t neglect investing money into your outdoor spaces. Not only might you enjoy your home more, but you will likely create a higher resale value.
The challenge with some Palos Verdes homes however is our topography. It’s a lot easier creating outdoor living areas with perfectly flat land. Architects like Kirtland Cutter and the Olmsted Brothers in the early 1900s were creative geniuses in melding a home into the natural land. So don’t be afraid to hire a landscape architect to bring your ideas into reality. You can give me a call or use the contact button in the lower left part of your screen to ask me for recommendations.
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