Why Homeowners Are Staying Put - What This Means for Your Decision on Buying a New Home

November 30, 2024

An interesting and somewhat unusual trend has emerged in the housing market in recent years. Fewer people are selling their homes every few years, opting to stay put instead. A combination of rising home prices, competitive market conditions, emotional attachments, and the appeal of home improvements drives this shift.

Add to that the stability of remote work and economic uncertainties, and it becomes clear why homeowners are collectively choosing to settle down in their current abodes. As a result, the concept of “home” has taken on a whole new level of importance and value in our lives.

Many families who own homes in Elevon, a beautiful master-planned community north of Dallas and minutes away from Lake Lavon, have made a commitment to staying put. The question becomes: Why?

Master-planned communities like Elevon supply all the comforts of home through thoughtful and comprehensive design. Catering to a variety of lifestyle needs and stages, everyone from young professionals to families and retirees chooses Elevon, a community that makes it easy for residents to stay put as their circumstances change.

By the Numbers

In the 1960s, about 20% of Americans moved each year. However, by 2022, this number had dropped to 8.7%, even with pandemic-induced relocations from coastal cities to the Sun Belt. According to William Frey, a senior demographer at Brookings, several key demographic, social, and economic factors are behind this decline.

Young adults, who typically account for most local moves, are staying with their parents longer, postponing marriage and family.

The overall aging of America's population makes moving less common.

Changes in the labor market, with jobs becoming less region-specific and more remote, mean that professionals don't need to relocate to traditional industry hubs.

Households often rely on multiple incomes, doubling the work of finding employment opportunities in new locations.

The current housing market is experiencing a squeeze, and overall inventory remains tight.

Futureproofing Strategies

When deciding to stay put, families need to choose a home that can adapt to their evolving lifestyle. ‘Future-proofing” a home investment ensures that it remains relevant, functional, and retains its value. This involves several strategies to guarantee long-term benefits and future adaptability.

Select a location with growth potential. Elevon is an ideal location to build your future due to its natural beauty, with a blend of small-town charm and convenient urban access.

Another future-proof buying strategy is access to community amenities, a smart investment for both current and future homeowners. Livability factors like green spaces, recreational facilities, and community spaces attract and retain residents, boosting property values. Upscale amenities support health and wellness by encouraging active lifestyles and incorporating sustainable practices. Amenities make neighborhoods more likely to address changing needs, long-term desirability, and overall stability.

Good school districts serve as a long-term strategy for homeowners because they help stabilize or increase property values. For families planning to grow, residing in a reputable school district ensures stability and continuity for their children's education, without the need to relocate. Even for those without school-age children, homes in these areas remain attractive investments due to the sustained demand driven by the area's educational reputation.

Homes designed for flexibility, especially for multigenerational homes, are an effective future-proofing strategy. Builders design these homes to accommodate different family members at various stages of life. This flexibility allows the home to adapt to changing needs, such as aging parents moving in or adult children returning home, without the need for significant renovations or moving.

Energy efficiency is focused on the short and long-term future. Incorporating features such as high-quality insulation, energy-efficient windows, and appliances helps reduce utility costs and environmental impact, making the home more sustainable and appealing to future buyers.

Smart home technology is an excellent long-term strategy. Integrating smart home systems, such as automated lighting, climate control, security systems, and home assistants, can increase convenience, security, and efficiency.

Homes designed with adaptable spaces that can serve multiple purposes, such as home offices, guest rooms, or hobby areas, allow for flexibility as the homeowner’s needs change over time. Homes in Elevon take advantage of this trend.

Buying a home that is resilient, adaptable, and capable of meeting your family’s evolving needs makes for an excellent investment that grows and changes with you.

Welcome to Lavon!

Lavon is an up-and-coming and still charming community that shows promise for the future, with ongoing developments and positive changes that boost its appeal and potential. Lavon has experienced exponential growth, attracting residents and visitors with its recreational opportunities at Lake Lavon.

The Lavon Comprehensive Plan outlines a vision for strategic growth in land use, housing, parks and recreation, and transportation, guided by community engagement and leadership. The Lavon Economic Development Corporation actively promotes investment and business growth, increasing the area's attractiveness to developers. With ongoing infrastructure improvements and a commitment to sustainable development, Lavon is well-positioned for future prosperity.

Look No Further

You've finally found it! Elevon offers homes that promise not just to meet your current needs but to grow and adapt with you over the years. It's a neighborhood community that offers comfort, stability, and a sense of belonging, in a place where you can put down roots.

Building a home in Elevon represents a perfect blend of everything important to homebuyers - a vibrant community, thoughtful amenities, sustainable features, and the promise of financial security. Elevon is a place where you can settle down and stay put, truly making it your forever home.

The future is NOW! Why not schedule a visit today?