Published at Monday, April 08th, 2019 - 20:44:04 PM. Home Decoration. By Adette Brandt.
In the 1980s, garages grew larger to keep in scale with emerging McMansions. Some were finished with heating, painted floors, windows, and storage. And in the most extreme cases, they were converted into living space, which meant cars again had to be parked elsewhere. Now demand for a garage is decreasing with an emphasis on dense infill developments, walkable neighborhoods, and more car- and ride-sharing options. Chicago sales representative Jennifer Ames Lazarre with Coldwell Residential Brokerage recently listed and sold two high-end city homes without garages, each priced over $2 million. Other priorities will sometimes trump demand, too. Recent research from realtor.com® pointed out that for parents of school-age children, high-performing educational institutions win out over a garage.
Why such a dramatic change? Experts cite many reasons. Some think sellers came to terms with the difficulty of appealing to the next buyer since nobody can predict who that will be or what design trends may be hot when its time to sell. Others suspect boredom as the culprit. Pogonitzs clients often tell her: “I dont want a white kitchen anymore. I need something more energetic and happier,” she says. Among those balking the loudest are millennials who are eager to add their own imprint, says Jill Biggs, whose eponymous team is part of a Coldwell Banker brokerage in Hoboken, N.J. In the affluent, traditional suburb of Short Hills, N.J., Coldwell Banker real estate salesperson Stephanie Mallios says the fact that many of her clients are planning on staying put for awhile makes them more willing to take a chance on a style they love. “Those with means believe they can afford to buy what theyll enjoy since theyre not moving soon,” she says. Pogonitz thinks yet another reason may be the countrys on-edge mood: “When it sometimes feels like the world is coming to an end, I think more are looking to their home as a place to escape, experience joy, and wrap themselves in a big hug.”
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