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August 13, 2018

The real estate market continues to evolve and we keep seeing new trends emerging on a daily basis. However, there are also some trends that have been around for a while and it doesn’t seem like they’re going anywhere. So, if you’ve been wondering what’s hot in property today, here’s a list of 5 biggest property trends right now.

New Homes Having More Storage

We all need plenty of storage to keep things such as books, tools, and winter clothes. However, it seems like many new homes out there have been specially designed to have even more storage than some older homes do. This allows homeowners to keep a lot more things and avoid having to rent a storage space. Of course, this is only the case as long as they don’t let the clutter keep piling up for years. So, if you’ve been thinking about investing in a new home, you might want to keep your eye on homes with a large garage or basement.

VR finding its use in property

If you’ve been paying attention lately, you had to hear plenty about VR. Still, you probably don’t know that this new technology might soon find its use in real estate. What’s happening is that IT experts are coming up with ways real estate companies can use VR to give potential buyers a tour of the home they’re interested in. This allows the buyer to take a good look at the home without even having to be there. Not to mention that this helps real estate companies make more sales. Everyone in property is hyped about this so don’t be surprised to hear more about it soon.

People Buying Low-Maintenance Homes

Another big trend in property right now are low-maintenance homes. Millennials want homes that are convenient and reduce their daily obligations as much as possible. Moreover, homes like this allow them not to stay in one place for too long, which is exactly what they’re looking for. Therefore, we saw some of the best residential property developers paying attention to their clients’ needs and designing low-maintenance homes. If you’re thinking about getting into real estate business, investing into homes that don’t require much maintenance makes a lot of sense.

Real estate companies relying on chatbots

We talked about VR getting into property but there’s another technology that’s already playing an important role in real estate. We’re talking about chatbots, as more and more real estate companies are deciding to use these. There are platforms out there that allow the user to explain their real estate search and get the most accurate results possible. There’s no doubt we’ll see chatbot technology being used even more in the future. In case you decide to buy a property in the next couple of years, chances are you’ll be able to turn to a chatbot to help you find what you’re looking for.

People Renting a Part of Their Home

Many millennials work from home and they don’t need anything but their laptop to get their job done. So, as long as they have their laptop with them, they can visit different parts of the world. As a result, we saw the need for short-term rental increase significantly. This led to more and more people deciding to rent parts of their home to tourists. So, if you have a room to spare, you might want to think about doing the same. This is especially the case if you’re based in an urban area with plenty of tourists.

Even with all these new trends emerging, quality still seems to play the crucial role in real estate. No matter if you’re looking to move to a new home or you want to start investing in real estate, going after quality is recommended. Of course, staying on top of the most recent trends out there is also a must so make sure you stay up-to-date with any new trends that are yet to emerge.

Author Bio: Carolin Petterson is a businesswoman and content marketer with years of experience under her belt. She has had the opportunity to contribute to a number of popular business and property websites.

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