If you are stuck at home for the next few weeks while United States attempts to “flatten the curve” on coronavirus contagion, you are likely considering making some home improvements during your time at home. According to a recent study by QS Supplies, nearly two-thirds of all Millennials currently have “house envy,” while a little more than half of Gen Xers are jealous of others’ houses and roughly a third of Baby Boomers are a little green.
So, are the things we envy in other houses amenities or features we can install in our homes? In some cases, yes, but certainly not all.
The study indicated that just over one in four consumers were envious of people with homes that were larger than their own. “If you want to make people jealous, think big,” QS Supplies researchers wrote. The top home feature that respondents said made them jealous of other people’s homes was the size of the property in question. Interestingly, however, nearly one-sixth of British respondents in the survey, which interviewed both U.S. and British homeowners, said they were envious of tiny homes as well.
Next to home size, kitchen features were the most likely to inspire jealousy in homeowners. 25.9 percent of respondents said a good kitchen paired with strong interior design, a good location, and nice home furnishings made them feel a little green when they looked at other people’s houses.
Jealousy Leads to Home Improvements
Not surprisingly, homeowners who admitted being jealous of their neighbors’ properties were also likely to do a little work on their own homes, which likely will result in a spate of home improvements during shelter-in-place periods. In fact, nearly one-third of homeowners said their response to home envy is to make improvements to their own property.
The most common “upgrades” in response to envy were:
- Changing interior design
- Upgrading furnishings
- Changing interior paint
- Cleaning the house
- Making changes to or upgrading the kitchen
Why We Get House Envy
For real estate investors, it is as important to know why we get jealous of other people’s houses (thereby establishing trends in home design) as what we are jealous of. According to respondents in the survey, just under 32 percent of people experience house jealousy when perusing Instagram, while about one in four people get jealous when skimming Facebook or YouTube. The vast majority of people experience home envy in response to watching television shows (67.2 percent). “House Hunters” was the top American show the “induce home envy,” the analysts observed.
Do you have home improvements planned for your time at home in April? Do you consider “cleaning” to be a home improvement?
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