4 Reasons the Pandemic Has Increased Buyer Demand For Larger Lots

The Covid-19 Pandemic plunged the United States into a real estate frenzy causing an emotional run on housing and an increased buyer demand for ample space and larger lots. 

“The frenzy was hugely emotional, as the nation saw most aspects of daily life suddenly confined to its properties. Space became a major asset. It was also fueled by very attractive mortgage rates, which set more than a dozen record lows,” CNBC.

With space being a major asset more and more people are staying home. More home space is needed for both working and schooling. Home buyers see the incredible value in investing in an estate that has ample interiors and outdoor space.  

“Americans, unsure when they would be able to get back out in the world again, were looking for more indoor and outdoor space. They wanted dedicated rooms for working and schooling at home. Manufacturers of accessory dwelling units, which are small backyard tiny houses, saw demand triple. People wanted additional space and, yes, some solitude from all that family time,” CNBC.

The value of land has always been a valuable investment and now with spacious estates in high demand home buyers are on the lookout for larger lots as well and are 4 reasons why. 

1. More Privacy

In the midst of a pandemic, now more than ever people want space. A large home lot offers privacy and seclusion that can’t be matched. Never again will you have to listen to your neighbors having a party or worry about a neighbor speeding through the neighborhood. No more visitors in your gated community that you don’t even know.  A large lot is free from all these distractions and hassles.

The authority is in the hands of the homeowner. Allowing a sense of peace knowing that the only people on or near your home are your visitors, not your neighbors. 

2. Expansion Opportunities

Larger lots also offer tremendous expansion opportunities. With an estate that offers acres there is opportunity to expand extra living space – a guesthouse, fitness facility, additional garage space, hacienda for horses, an expansive pool and spa,  sports arena, the sky's the limit with larger lot space

3. Outdoor Space Activities

The Pandemic has led individuals to stay home in every way. Outdoorsy activities have even slowed. With a larger lot you can do much more with your home. From expansive gardens and landscape to areas that can be designated for activities for kids. 

With a lot of acreage, the opportunities are endless. Anytime you please you can jog or bike a private trail or sneak away for a walk without any safety concerns. 

4. Lower Acreage Prices

One of the biggest advantages of owning an estate on acreage is the purchase is well worth the investment. Land inside and close to the city is significantly less expensive than rural acreage. 

Your investment goes a long way and with more land comes more top dollar for any future estate sale.  

Desert Oasis 

The Las Vegas Valley has certainly been a prime location the Pandemic has affected in terms of living space.

Many home buyers are searching for the perfect home oasis. A place where the desert terrain can create a sense of a calming getaway. Somewhere you can get away from the restrictions and continue to live with a sense of normalcy. 

With almost three full acres of manicured lush greenery, 5780 W Oquendo Rd, Las Vegas, NV is the perfect property for anyone looking for acreage. This estate boasts a fully gated separate RV or "toy" yard, equipped with three RV hookups. A beautiful sprawling 5,600 sq. ft main home with 5 large bedrooms, theater and 2 family rooms. 

The sprawling lot offers a private jogging path and fully finished detached garage. This property also boasts a fully gated separate RV area or "toy" yard, equipped with three RV hookups. 

If you are looking for a highly sought after estate with large lot space then schedule a private showing with the Darin Marques Group to view this beautiful desert oasis. Our friendly and highly professional real estate agents are standing by to answer all of your questions. Find your dream home by calling us at (702) 803-3527 or email darin@dmgluxury.com for more information.