Some parents home-schooled their kids even before the pandemic. But after the recent lockdowns, more buyers with kids see it as a golden amenity.
NEW YORK – Despite more school districts returning to in-person learning, the pandemic has many more parents appreciating the importance of organized, stand-alone learning areas for their children.
In addition to repurposing rooms in existing homes, developers and real estate agents are now marketing and staging these spaces to prospective buyers.
“The family’s priorities have changed,” says Fredrik Eklund, an agent with Douglas Elliman in New York. “People want these learning centers.”
According to Realtor.com, listings over $1 million that included a learning space spent a median 45 days on the market in 2021 – 12 days less than homes that didn’t mention a room for teaching. In May, 1,178 homes mentioned terms related to learning spaces, up 58% from the same period last year.
According to Eklund, some luxury listing sellers are forgoing traditional libraries, man caves and multiple offices so they can have dedicated areas for young students. Going forward, developers expect increased demand for these organized learning areas.
Source: Wall Street Journal (08/04/21) Dizik, Alina
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