Learning About the Trends in Residential Real Estate

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The place you call home entails the outside, the inside, and what you decide to do with it. With that in mind, let us explore three important trends in residential real estate.

The Outside Does Matter

True beauty is inner beauty. Beauty is skin deep. Outer beauty attracts, but inner beauty captivates. Like these, there are dozens of other sayings on the importance of not judging a book by its cover. While your exterior certainly matters in how you see others and others see you and being visually appealing will even give you a better chance of landing your dream job, physical prowess, no matter how great it is, doesn’t last. We all age, and over time the only thing that remains is the type of people we are on the inside.

Yet, when it comes to a house, things couldn’t be more different. Of course, people make most of their living inside. If you don’t feel comfortable in your own bedroom, you will probably choose a different one in a different property. Still, regardless of how much technology has evolved, the first thing prospective buyers see is what the house looks like on the outside.

As such, your main entrance, the windows, the doors on your garage, and how big or small your property’s curb appeal is are all essential aspects to consider. And even if you are not planning on selling, having a property that looks beautiful on the outside will be more enticing to you as an owner and make you look forward to seeing what is inside.

woman with indoor plants

Living, Breathing Interior Spaces

But if the outside matters so much, the interior of your property doesn’t fall far behind. After all, as we mentioned above, most of the time you spend in your house or apartment will be indoors. Because of this, the modern residential buildings of today are not only a bunch of walls and a roof.

Instead, they are living, breathing spaces to work, relax, and enjoy those precious moments you have with your family, friends, and the other people you hold dear to you. It is especially true in the times we live in when the COVID-19 global pandemic has highlighted the importance of staying home as much as possible and isolating oneself from others.

A clear example of this is the ever-growing trend of smart homes. Today, as long as you have a mobile phone and a stable Wi-Fi connection, you can control everything you own, from your curtains and lights to your microwave, the television set, your refrigerator, the stove, and everything in between. This not only makes your property more convenient but also safer for those living inside.

The trend of living, breathing interiors also deals with the usage of space. A bedroom is no longer only a bedroom; your kitchen is not merely the place where you cook and eat. Rather, they are multi-functional spaces that can adapt to a wide variety of circumstances based on individual needs.

My Home, My Business

Two gentlemen, namely Brian Chesky and  Joe Gebbia, came up with the simple idea in October 2007. They placed a mattress in their living room and used it as bed and breakfast. By February 2008, the business had another member serving as another co-founder and chief technology officer. Later that year, they developed a website and launched a full-fledged, multinational organization. The rest, as they say, is history.

In case you have not guessed it already, our brief little story is the tale of the online marketplace for lodging giant Airbnb. In 2020, Airbnb had net revenues of more than three billion dollars and total assets exceeding ten billion. To say it has been a successful endeavor is the biggest understatement of all time.

Naturally, there aren’t Airbnb’s popping out in all corners of the world, and the company is as clear an example as any of a global monopoly. Nevertheless, this one enterprise has created a shift in the industry, a new perception of how it is possible to have your house as a living space and a business. For thousands of people out there, going on vacation or a business trip doesn’t mean you have to spend money without getting it back. Quite oppositely, it is an opportunity to enjoy the fruits of your labor on a holiday while making passive income without having to move a finger.

Three key trends in residential real estate are excellent, well-presented exteriors, interior spaces filled with vibrancy and functionality, and using your property to make money. As the housing market continues to grow and people find new and interesting ways to make a living, their influence will only continue to expand.

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