Condo Media - June 2018 - 52
Lifestyle Changes and Generational Differences
[by Jack Carr, P.E., RS, LEED-AP]
As our offices are involved in
condominium projects all over
the country, I have had the opportunity to directly observe what new
condominium owners want in their
condominiums and the common
amenities attracting buyers. In addition, I thought I would share the new
trends and elements recent surveys
have revealed about the market.
You might be surprised!
The National Association of Home
Builders (NAHB) recently released
a survey listing the top eight items
current condominium and HOA home
buyers want in their new residence.
These items ranged from 92 percent to
82 percent favored by those surveyed
in the following descending order:
n Unit owners want a separate room to
perform laundry tasks such as folding clothes.
n Exterior lighting is very important,
not only for showcasing and curb
appeal but also for personal safety
reasons as more and more units are
being purchased by women.
n Unit owners want energy efficient appliances with Energy Star certification ratings; low water flow plumbing
fixtures; and windows with Low-E
and Low-U factors. They realize
energy- and resource-sustainable
systems not only are good for the
environment but also keep the homeowner's living costs down.