Why Today’s Buyers Are Splurging on Recreation Spaces

In 2020 alone, we’ve seen countless changes to our everyday lives due to the COVID-19 pandemic. And as many people continue to work and learn remotely, our homes are turning into places where we do more than just eat and sleep. Potential buyers are now looking for properties that come with room for home offices, gyms, and other recreation spaces…even if that means paying a bit more to get what they want.

What You Need to Know About Buying or Selling a Home with Recreation Space

At home workout

According to a recent analysis by Realtor.com, buyers in the country’s 100 largest counties who were looking for homes 5,000 square feet and above were more drawn to properties that offered ample recreation space. Unsurprisingly, they were also willing to pay a premium for these high-end bonuses.

In certain areas of the country, homes with ample recreation space command up to 31% more per square footage than those that don’t. For buyers, this means you may have to shell out more to find a home that checks all the boxes. Sellers, on the other hand, should make every effort to highlight their recreation space to draw in buyers.

Why you may want a recreation space in your next home

working and exercising

Over the last few months, your home has probably transformed into a space where you work, learn, exercise, and spend most of your time. If your current house just doesn’t suit your needs, it may be time to upgrade to a place with more room to roam.

Here in the Triangle, you’ll find countless properties that offer more square footage, allowing you to spread out and comfortably spend time at home. As the ongoing pandemic continues to impact public spaces, investing in a property with a little extra elbow room could be a smart investment for your sanity and your finances.

Having a property with dedicated recreational space allows you to stay active without heading to the gym. So if you’re dreaming of having your own personal fitness studio, sports court, or bonus room, it’s time to give your agent a call!

Demand for larger homes is expected to increase

home for sale

If you have a larger home that can accommodate at-home recreation, now could be the right time to sell. Demand for recreation space is expected to grow, especially as gyms move their classes online and shift towards at-home membership.

By highlighting these spaces, you’ll be able to attract a wider audience of interested buyers who are eager to pay for additional square footage. The Triangle’s market is also hotter than ever before, and many homes are selling within hours after they’re listed.

Not sure how much your home is worth? Contact our team for a free home valuation—there’s never been an easier way to calculate your hard-earned equity!

Ready to Make a Move?

Whether you’re looking to buy or sell a home soon, you can trust the Ida Terbet Group with all of your real estate needs. As the Triangle’s top producer for 30 years, we know a thing or two about navigating the local market!

Contact us today to get started—we look forward to teaming up and helping you start your next chapter.

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