The COVID-19 pandemic had a significant impact on the real estate industry, and many changes in this industry will continue even after the pandemic ends. Forefront real estate expert Nick Millican, who also holds degrees in chemistry, shared his insights on what the future of real estate might look like.
Real estate agent Nick Millican predicts that home buyers will focus more on homes with more space and outdoor areas for playing and growing gardens. He believes that rental properties in suburban areas will be in high demand as people look to move out of crowded cities to help keep life simpler and healthier.
He explains more on this concern. Virtual real estate tours have become more popular during the pandemic. Nick Millican predicts that this trend will continue even after the pandemic ends.
This, as virtual tours are convenient for buyers and sellers and help to reduce the spread of infectious diseases such as COVID-19 pandemic. Another trend that real estate agent and asset management Nick Millican foresees is the rise of smart homes (Twitter).
With more people spending time at home, there has been an increase in the interest in smart home technology. Nick Millican predicts that this trend will continue as people get used to working, completing daily school tasks, and living from home. After all, the future of our world will be technology run, but Nick believes this is for the greater good of the world.