REAL ESTATE TREND: PET FRIENDLY HOMES
Homeowners love their pets and it shows. According to new research 60 percent of U.S. households have dogs, and the spending on all pets totaled $72.1 billion in 2018, an 8.1 percent increase in just two years.
What are pet owners a.k.a. “pet parents” spending on nowadays? Services are certainly a part of it, but so are premium foods, products and homes that have efficient space and amenities to accommodate them.
Builders, manufacturers and home buyers are now paying close attention.
This is a trend seen at both mid-level and luxury levels. According to Forbes, there was even a luxurious master canine suite at the posh Kips Bay Decorators Show House in New York City this year. Predictions are being made that there could be more people who will put showers in their homes for their pets, since washing a big dog that has been skunked in the bathtub is simply a nightmare! Especially when there is enough space and the homeowner is also a pet parent then this could be the next big game changer in the Real Estate industry besides the Millennials driving the market.
Since most pet owners consider their pets as important members of their family, ensuring amenities to help make not only the care of pets easier, but to provide pets with amenities that keep them active and healthy is one that home builders, buyers and even interior designers are seeing a growing trend in pet-centric features and spaces in homes.
According to the National Association of Realtors or NAR, this is a savvy move especially on the builder’s part. NAR’s 2018 profile of home buyers report shows that 15 percent of respondents chose their neighborhood specifically because of their pets, 33 percent wanted the area’s pet-friendly parks and recreation facilities, and four percent said they were buying better homes for their pets!
How much of the properties in your active listings could pass as a pet friendly home?
About the writer: Shaura Cuyan writes about all the hottest Real Estate trends and predictions for Summit VA Solutions! She has previously written for a number of freelancing gigs and writes her own blog on lifestyle and current issues. She is a Graduate of Bachelor of Arts in Communication, taking up her Masters in Development Communication.